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Property profile & analytics
OFF-MARKET
Estimated value
$6,220,000
Automotive properties
1212 Westford St, Lowell, MA 01851-2721
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-1184473
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
30,300 SF
Lot
5.82 ac (253,519 SF)
Zoning code
RR
APN
LOWE M:48 B:6285 L:1212
UPID
US38-1184473
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
-
McGovern Ford of Lowell Service Auto Repair Shop
-
Drum Hill Ford, Inc. Car Dealership Auto Repair Shop
-
McGovern Ford at Drum Hill Parts Auto Parts Store
-
McGovern Ford Parts Auto Parts Store
-
McGovern Ford of Lowell Car Dealership Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.94M
Blend (final)
Blend
$6.22M
Owner & transaction history
Mag Re Holdings Lowell · 6 yrs held
Mag Re Holdings Lowell
since 2020
Last sale
$6.0M
5 recorded transactions
Zoning & alternative use
RR · Lowell, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$8.4M
+82.3%
Apartment house (5+ units)
$7.0M
+51.6%
Restaurant
$5.1M
+9.9%
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
Method
Estimation
Statistic approach
$6,515,000
ML approach
$6,370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,605,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,395,000
Change: +82% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,980,000
Change: +52% · Conversion: Difficult
RESTAURANT
$5,060,000
Change: +10% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,650,000
Change: +1% · Conversion: Easy
RETAIL STORES
$4,605,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,405,000
Change: -4% · Conversion: Easy
OFFICE BUILDING
$3,995,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$6.22M
Range $5.60M – $6.84M · ±10% · vs last sale $6.00M (May 29 2020)
Last sale anchor
$6.00M
May 29 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$205 / SF
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
$62,962
Tax year 2024
Assessed value
$2,705,700
Assessed 2024
Previous assessed
$2,550,900
+6.1% YoY
Effective rate
2.33%
On assessed value
Assessed land
$1,291,500
Assessed improvement
$1,414,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
30,300 SF
Lot
5.82 ac (253,519 SF)
Zoning code
RR
APN
LOWE M:48 B:6285 L:1212
UPID
US38-1184473
Jurisdiction
LOWELL
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
RR · Lowell, MA
Zoning RR · permitted uses
RR · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.0M
RESTAURANT
Est. value
$5.1M
INDUSTRIAL (GENERAL)
Est. value
$4.7M
RETAIL STORES
Est. value
$4.6M
WAREHOUSE, STORAGE
Est. value
$4.4M
OFFICE BUILDING
Est. value
$4.0M
AUTO REPAIR, GARAGE Current
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
INDUSTRIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
5.82 ac
Current owner
From public records · entity-resolved
Mag Re Holdings Lowell
Entity
Mailing address
1212 WESTFORD ST, LOWELL, MA 01851-2721
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Apr 9, 2026
—
Mag Re Hldg - Lowell LLC
—
Deed
related
$73,340,000 · Needham Bank
Oct 6, 2023
—
Mag Re Hldg Lowell LLC
—
Deed
related
$654,000,000 · Truist Bank
May 29, 2020
$6,000,000
Mag Re Holdings Lowell
1212 Westford Street LLC
Quit Claim Arm's Length For Ne States
$5,760,000 · Wells Fargo Bank NA
Aug 7, 2019
—
1212 Westford Street LLC
Hill Drum
Quit Claim Deed
related
—
Dec 23, 1988
$825,000
Ace Mangmnt Co INC
Ristuccia,j M
Grant Deed
—
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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