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    Property profile & analytics

    1040 Gorham St Lowell, MA 01852-5017

    • Turn key restaurants
    • 3,685 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    $370,000
    Last Sale
    May 22, 2024
    $362,500
    Location Intelligence
    Property ID
    US38-1590956
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Momo Discount Furniture / Mattress Store
    • Fio's Express / Fast Food Restaurant / Italian Restaurant

    Property Details for 1040 Gorham St

    Year built
    1880
    Construction
    FRAME
    Lot size
    0.16 lot acres
    Property size
    3,685 SF
    Zone code
    TMU
    Property type
    Turn key restaurants
    APN
    LOWE M:185 B:2675 L:1040
    APU
    LOWEM185B2675L1040

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $365,000

    • CAP approach

      CAP return
      Estimation
      6%
      $395,000
      6.5%
      $435,000
      7%
      $390,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $390,000
      Geo Method
      $380,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $395,000
      Retail
      $400,000
      Mixed-Use
      $470,000
      Hospitality
      $380,000
      Educational
      $390,000
      Residential Income
      $415,000
      Energy
      $415,000
      Income-Based Land
      $375,000
      Food Service
      $425,000

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3075
    Latitude
    42.6272
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $7,691
    $125,500
    $205,000
    $330,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $155,000
      3,966 SF

      415 Lawrence St

      RESTAURANT • 3,966 SF
      415 Lawrence St, Lowell, MA 01852-3514
      View Details
    • Value Estimation
      $240,000
      2,469 SF

      660 Rogers St

      RESTAURANT • 2,469 SF
      660 Rogers St, Lowell, MA 01852-3833
      View Details
    • Value Estimation
      $285,000
      2,132 SF

      1018 Gorham St

      RESTAURANT • 2,132 SF
      1018 Gorham St, Lowell, MA 01852-5017
      View Details
    • Value Estimation
      $305,000
      1,774 SF

      722 Gorham St

      RESTAURANT • 1,774 SF
      722 Gorham St, Lowell, MA 01852
      View Details
    • Value Estimation
      $305,000
      4,056 SF

      205 Market St

      RESTAURANT • 4,056 SF
      205 Market St, Lowell, MA 01852
      View Details
    • Value Estimation
      $315,000
      7,496 SF

      36 Chamberlain St

      RESTAURANT • 7,496 SF
      36 Chamberlain St, Lowell, MA 01852-5504
      View Details

    Similar Nearby for Sale

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      Mixed-Use Restaurant/Residential Building

      Mixed-use building with restaurant and residential units in Downtown Lowell.
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    Similar Nearby for Lease

    • $4,500 /Mo

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      Established restaurant space available for lease in downtown Lowell.
      15 Kearney Sq, Lowell, MA 01852
      View Details
    • $2,500 /Mo

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      Equipped bar space for lease in downtown Lowell.
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      View Details
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      Downtown Lowell Retail Space Available

      Retail space with existing restaurant infrastructure in downtown Lowell.
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      View Details
    • Contact for pricing
      7,680 SF

      Central Lowell Retail Space

      7,680 SF Retail Space - Available Now
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      View Details
    • $12 SF/Yr

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      Spacious 3,000 sq. ft. office/retail suite in downtown Lowell.
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    • Contact for pricing

      Retail Space Available on Route 3A

      Retail spaces available with high traffic and signalized access.
      199- Plain St, Lowell, MA 01852
      View Details
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    Lowell, MA 01852-5017
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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