Property profile

1115 Westford St Lowell, MA 01851

OFF-MARKET
Office buildings
Property ID
US38-2378065
30,342 SF 0.74 ac lot Built 2001
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2001
Construction STEEL FRAME
Total area 30,342 SF
Lot 0.74 ac (32,234 SF)
Zoning code OP
APN LOWE M:48 B:6285 L:1115
UPID US38-2378065

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
  • Accounting Firm Tax Preparation
  • Real Estate Agency
  • Charitable Organization Social Service Agency

Location

1115 Westford St Lowell, MA 01851-2853
Lowell metro Census 311400 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.81M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.74M
Blend (final) Blend
$3.63M

Owner & transaction history

since 2021
Last sale
$4.0M
3 recorded transactions
2021
$4.0M
2007
$1
2007
Price N/A

Zoning & alternative use

OP · Lowell, MA
Zoning description

The OP district is designed to promote research and development as well as general office uses

General category OPEN_SPACE
Top alternative use upside
Restaurant $5.1M +26.6%
Industrial (general) $4.7M +16.4%
Auto repair, garage $4.6M +15.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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