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Property profile & analytics
OFF-MARKET
Estimated value
$4,175,000
Office buildings
10 George St, Lowell, MA 01852-2241
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-2415492
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Construction
STEEL FRAME
Total area
30,187 SF
Lot
1 ac (43,560 SF)
Zoning code
DMU
APN
LOWE M:179 B:2590 L:10
UPID
US38-2415492
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
MES Solutions Clinic Medical Examiner
-
M&T Bank Bank Loan Service
-
Jubie Vinu Physician
-
Jessica Salgueiro Physician
-
Kevin Oleary Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.52M
Blend (final)
Blend
$4.18M
Owner & transaction history
Gateway Ctr Corp · 5 yrs held
Gateway Ctr Corp
since 2020
7 recorded transactions
Zoning & alternative use
DMU · Lowell, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$7.0M
+74.7%
Restaurant
$5.0M
+26.6%
Industrial (general)
$4.6M
+16.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lowell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lowell submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,980,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,955,000
Change: +75% · Conversion: Easy
RESTAURANT
$5,040,000
Change: +27% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$4,635,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,590,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$4,495,000
Change: +13% · Conversion: Moderate
WAREHOUSE, STORAGE
$4,390,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$4.18M
Range $3.76M – $4.59M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$138 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$71,283
Tax year 2024
Assessed value
$3,063,300
Assessed 2024
Previous assessed
$3,082,300
-0.6% YoY
Effective rate
2.33%
On assessed value
Assessed land
$173,000
Assessed improvement
$2,890,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1977
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
6
Total area
30,187 SF
Lot
1 ac (43,560 SF)
Zoning code
DMU
APN
LOWE M:179 B:2590 L:10
UPID
US38-2415492
Jurisdiction
LOWELL
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
DMU · Lowell, MA
Zoning DMU · permitted uses
DMU · Lowell, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lowell. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.0M
RESTAURANT
Est. value
$5.0M
INDUSTRIAL (GENERAL)
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.6M
RETAIL STORES
Est. value
$4.5M
WAREHOUSE, STORAGE
Est. value
$4.4M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1977
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
6
Lot
1 ac
Current owner
From public records · entity-resolved
Gateway Ctr Corp
Entity
Mailing address
151 WARREN ST STE #220, LOWELL, MA 01852-2647
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2020
—
Gateway Ctr Corp
—
Deed
related
$266,000 · John H Pearson
Jul 17, 2020
—
Gateway Ctr Corp
—
Deed
related
$3,128,000 · Jeanne D'arc Cu
Apr 15, 2014
—
Gateway Center Corp
—
Grant Deed
related
$3,125,000 · Jean D'arc Cu
Apr 30, 2008
—
Gateway Center Corp
—
Deed Of Trust
related
$1,300,000 · Enterprise Bank & Trust
Mar 2, 2004
—
Gateway Center Corp
—
Deed Of Trust
related
$2,380,000 · American Partners Bank
Apr 1, 1998
—
Gateway Center Corp
—
Deed Of Trust
related
$250,000 · Lowell Dev & Financial
Dec 4, 1997
—
American Stonehouse RT
—
Deed Of Trust
related
$643,250 · Enterprise Bank & Trust
Jul 19, 1996
—
Gateway Center Corp
—
Deed Of Trust
related
$280,000 · Enterprise Bank & Trust
—
—
Gateway Ctr Corp
—
Deed Of Trust
related
$3,128,000 · Jeanne D'arc Cu
—
—
Gateway Ctr Corp
—
Deed Of Trust
related
$150,000 · Jeanne D'arc Cu
—
—
Gateway Ctr Corp
—
Deed Of Trust
related
$266,000 · John H Pearson
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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