Property profile

10 TECHNOLOGY DR Lowell, MA 1851

OFF-MARKET
R&D Facility, Laboratory, Research Facility, Cosmetics, Pharmaceutical
Property ID
US38-0801920
60,008 SF 5.52 ac lot Built 1983
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Property summary

AI-generated overview

10 Technology Drive is a two-story lab/flex building totaling approximately 57,000 square feet, located in the Drum Hill Technology Center within an approximately 800,000 square foot master-planned development of office and R&D space. The property is situated near the Merrimack River and at the intersection of Route 3 (Exit 84), just north of Route 495, providing roadway access to regional routes. It is configured to accommodate multiple workplace and light industrial-oriented uses, including office, R&D, lab, and flex applications, with substantial electrical capacity and tailboard loading available on each level. The building’s ceiling heights are above average and support a range of layouts and equipment requirements.

Property profile

Verified
Property type R&D Facility, Laboratory, Research Facility, Cosmetics, Pharmaceutical
Year built 1983
Total area 60,008 SF
Lot 5.52 ac (240,451 SF)
APN LOWE M:49 B:5648 L:1
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

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop

Location

10 TECHNOLOGY DR Lowell, MA 1851
Lowell metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2024
Last sale
$9.4M
4 recorded transactions
2024
$9.4M
2022
$7.5M
2018
$5.7M
2017
$5.7M
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