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Property profile & analytics
FOR LEASE
Life science properties
10 Technology Dr, Lowell, MA 01851
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-0801920
For Lease
1 / 2
$7,935,000
10 Technology Dr, Lowell, MA 01851
View Listing →
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
60,008 SF
Lot
5.52 ac (240,451 SF)
Zoning code
OP
APN
LOWE M:49 B:5648 L:10
UPID
US38-0801920
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
-
p!ng Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.77M
Blend (final)
Blend
$7.94M
Owner & transaction history
Spectrum Health Systems I · 1 yrs held
Spectrum Health Systems I
since 2024
Last sale
$9.4M
6 recorded transactions
Zoning & alternative use
OP · Lowell, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.0M
+2.5%
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
$5,755,000
ML approach
$6,355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL
$9,780,000
Current use
RESTAURANT
$10,020,000
Change: +2% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$9,210,000
Change: -6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,120,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$9,120,000
Change: -7% · Conversion: Difficult
WAREHOUSE, STORAGE
$8,730,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$7.94M
Range $7.14M – $8.73M · ±10% · vs last sale $9.40M (Sep 27 2024)
Last sale anchor
$9.40M
Sep 27 2024
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
$132 / 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
$148,332
Tax year 2024
Assessed value
$6,374,400
Assessed 2024
Previous assessed
$5,802,300
+9.9% YoY
Effective rate
2.33%
On assessed value
Assessed land
$952,800
Assessed improvement
$5,421,600
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
For Lease
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
4
Total area
60,008 SF
Lot
5.52 ac (240,451 SF)
Zoning code
OP
APN
LOWE M:49 B:5648 L:10
UPID
US38-0801920
Jurisdiction
LOWELL
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
OP · Lowell, MA
Zoning OP · permitted uses
OP · 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
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
Est. value
$9.8M
RESTAURANT
Est. value
$10.0M
INDUSTRIAL (GENERAL)
Est. value
$9.2M
AUTO REPAIR, GARAGE
Est. value
$9.1M
RETAIL STORES
Est. value
$9.1M
WAREHOUSE, STORAGE
Est. value
$8.7M
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
4
Lot
5.52 ac
Current owner
From public records · entity-resolved
Spectrum Health Systems I
Individual
Mailing address
2 INTERNATIONAL PL #2410, BOSTON, MA 02110-4142
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2024
$9,400,000
Spectrum Health Systems I
Rhino 10 Tech LLC
Deed
—
May 16, 2022
$7,500,000
Rhino 10 Tech LLC
10 Tech Drive LLC
Quit Claim Arm's Length For Ne States
$9,012,926 · Envision Bank
Jun 7, 2018
$5,700,000
10 Tech Drive LLC
10 Technology Drive LLC
Quit Claim Deed
—
Mar 27, 2017
$5,697,500
10 Technology Drive Ll
Nv 10 Technology Dr Ll
Quit Claim Arm's Length For Ne States
$10,775,000 · Needham Cooperative Bank
Jan 11, 2012
$5,250,000
Nv 10 Technology Dr LLC
Nordblom,peter C
Grant Deed
$8,000,000 · Gary Needham
Sep 29, 2000
—
Drum Hill Bldg 7 Assoc
—
Deed Of Trust
related
$3,600,000 · Allstate Life Insur
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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