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Property profile & analytics
OFF-MARKET
Turn key restaurants
1040 Gorham St Lowell, MA 01852-5017
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-1590956
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1880
Construction
FRAME
Total area
3,685 SF
Lot
0.16 ac (6,970 SF)
Zoning code
TMU
APN
LOWE M:185 B:2675 L:1040
UPID
US38-1590956
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
-
Momo Discount Furniture Furniture & Home Goods
-
Fio's Express Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1040 Gorham St LLC · 2 yrs held
1040 Gorham St LLC
since 2024
Last sale
$362,500
5 recorded transactions
Zoning & alternative use
TMU · Lowell, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,691
Tax year 2024
Assessed value
$330,500
Assessed 2024
Previous assessed
$330,500
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$125,500
Assessed improvement
$205,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1880
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
2
Total area
3,685 SF
Lot
0.16 ac (6,970 SF)
Zoning code
TMU
APN
LOWE M:185 B:2675 L:1040
UPID
US38-1590956
Jurisdiction
LOWELL
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
TMU · Lowell, MA
Zoning TMU · permitted uses
TMU · 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.
Building & site characteristics
From public records
Year built
1880
Construction
FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
1040 Gorham St LLC
Entity
Mailing address
1040 GORHAM ST, LOWELL, MA 01852-5017
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2024
$362,500
1040 Gorham St LLC
David R Fiorello Ft
Quit Claim Arm's Length For Ne States
$235,000 · David R Fiorello Fami
Jun 12, 2018
—
Fiorello,david R Trust
Fiorello,david R
Quit Claim Deed
related
—
Aug 3, 2007
—
David R Fiorello
—
Deed Of Trust
related
$284,800 · Enterprise Bank & Trust
Feb 19, 2002
—
David R Fiorello
—
Deed Of Trust
related
$40,000 · Enterprise Bank & Trust
Jan 29, 1999
$115,000
David R Fiorello
Liberfarb,sidney
Grant Deed
$87,000 · Enterprise Bank & Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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