Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1105-1109 Lakeview Ave Dracut, MA 01826
    Back to Search
    Property profile & analytics

    1105-1109 Lakeview Ave, Dracut, MA 01826

    View on Map
    • Retail space
    • 6,148 SF
    • 0.39 lot acres
    Off-Market
    Property ID
    US38-1549179
    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.
    Value Estimations
    $830,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 1105-1109 Lakeview Ave

    Year built
    1948
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.39 lot acres
    Zone code
    B3
    Property type
    Retail space
    APN
    DRAC M:62 L:51
    APU
    DRACM62L51

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 30, 2011 $425,000 Majj LLC Saab Louis M Est Grant Deed $319k · Enterprise Bank & Trust
    Dec 30, 2005 — Frank J Gorman — Deed Of Trust · related $640k · Louis M Saab
    Jun 11, 1999 — Frank J Gorman — Deed Of Trust · related $126k · Haven Realty INC
    Mar 22, 1999 $303,000 Frank J Gorman Haven Realty INC Grant Deed $308k · Enterprise Bank & Trust
    Jul 31, 1992 $335,000 Cicero Acquistions Lo Homestead RT Foreclosure · related —
    Jul 14, 1989 — Frank Gorman — Deed Of Trust · related $160k · Central Savings Bank
    Jun 22, 1988 $500,000 Frank J Gorman Litchfield,alan E Grant Deed $600k · Lowell Five Cent Savings

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,345,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dracut
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3218
    Latitude
    42.6651
    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
    $5,981
    $336,400
    $235,900
    $572,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      7,400 SF

      109 Arlington St

      RETAIL STORES (PERSONAL SERVICES)
      109 Arlington St, Dracut, MA 01826-4008
      View Details
    • Value Estimation
      $625,000
      3,782 SF

      11 Broadway Rd

      RETAIL STORES (PERSONAL SERVICES)
      11 Broadway Rd, Dracut, MA 01826-4001
      View Details
    • Value Estimation
      $950,000
      6,500 SF

      14 Broadway Rd

      RETAIL STORES (PERSONAL SERVICES)
      14 Broadway Rd, Dracut, MA 01826-4059
      View Details
    • Value Estimation
      $680,000
      3,750 SF

      1730 Lakeview Ave

      RETAIL STORES (PERSONAL SERVICES)
      1730 Lakeview Ave, Dracut, MA 01826
      View Details
    • Value Estimation
      $640,000
      1,348 SF

      1924 Lakeview Ave

      RETAIL STORES (PERSONAL SERVICES)
      1924 Lakeview Ave, Dracut, MA 01826-3256
      View Details
    • Value Estimation
      $1,245,000
      6,780 SF

      15 Victory Ln

      RETAIL STORES (PERSONAL SERVICES)
      15 Victory Ln, Dracut, MA 01826-4642
      View Details

    Similar Nearby for Sale

    • $350,000

      Versatile Commercial Condo on Route 38

      Two-level condo in Bridgewood Plaza, ideal for diverse commercial uses.
      1794 Bridge St, Dracut, MA 01826
      View Details
    • Contact for pricing

      Bridgewood Plaza Commercial Condominium

      Two-level commercial condo in Bridgewood Plaza, Route 38.
      1794 Bridge St, Dracut, MA 01826
      View Details
    • Contact for pricing

      Renovated Commercial Condo For Sale

      Two-level commercial condo with flexible zoning and ample parking.
      1794 Bridge St, Dracut, MA 01826
      View Details
    • Contact for pricing

      Dracut Commercial Condo For Sale

      Commercial condo in Dracut, leased to established bakery.
      1794 Bridge St, Dracut, MA 01826
      View Details
    • Contact for pricing

      Dracut Commercial Condo For Sale

      Leased commercial condo in Dracut, ideal for investors.
      1794 Bridge St, Dracut, MA 01826
      View Details
    • Contact for pricing
      2,808 SF

      Commercial Condo in Bridgewood Plaza

      Two-level commercial condo in high-visibility location, versatile B-4 zoning.
      1794 Bridge St, Dracut, MA 01826
      View Details

    Similar Nearby for Lease

    • $2,800 /Mo
      Pending

      Commercial Building on Busy Corner

      Freestanding building suitable for office or retail use.
      14 Dinley St, Dracut, MA 01826
      View Details
    • Contact for pricing

      B3 Zoned Commercial Property

      Commercial property on a busy route, suitable for various businesses.
      1255 Bridge St, Dracut, MA 01826
      View Details
    • Contact for pricing
      27,380 SF

      Dracut Specialty Property for Rent

      27,380 square foot specialty property available for rent.
      49 Mcgrath Rd, Dracut, MA 01826
      View Details
    • Contact for pricing
      10,000 SF

      Dracut Warehouse and Storage Leasing

      Warehouse space and storage units available for lease in Dracut.
      76-100 Pleasant St, Dracut, MA 01826
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1105-1109 Lakeview Ave
    Dracut, MA 01826
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1105-1109 Lakeview Ave, Dracut, MA, 01826
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!