Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,170,000
Specialty properties
122 Western Ave Ste 1 Lowell, MA 01851-1443
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-2234387
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1880
Total area
47,225 SF
Zoning code
LI
APN
LOWE M:140 B:6275 L:122 U:1
UPID
US38-2234387
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.17M
Owner & transaction history
Western Ave Cmnty · 4 yrs held
Western Ave Cmnty
since 2022
Last sale
$9.3M
2 recorded transactions
Zoning & alternative use
LI · Lowell, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The LI district allows a broad range of cleaner industrial uses as well as storage activities
Zone name
Light Industry Manufacturing And Storage
General category
INDUSTRIAL
Zone area
517.06 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$13.1M
+134.5%
Apartment house (5+ units)
$10.9M
+95.0%
Restaurant
$7.9M
+41.4%
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
$7,170,000
ML approach
$7,310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$5,580,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$13,085,000
Change: +135% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$10,880,000
Change: +95% · Conversion: Difficult
RESTAURANT
$7,885,000
Change: +41% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,250,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,180,000
Change: +29% · Conversion: Difficult
RETAIL STORES
$7,175,000
Change: +29% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,870,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$7.17M
Range $6.45M – $7.89M · ±10% · vs last sale $9.34M (Mar 2 2022)
Last sale anchor
$9.34M
Mar 2 2022
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
$152 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$20,474
Tax year 2022
Assessed value
$819,800
Assessed 2024
Previous assessed
$753,100
+8.9% YoY
Effective rate
2.50%
On assessed value
Assessed improvement
$819,800
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1880
Heating
SPACE
Buildings
1
Stories
5
Rooms
30
Bathrooms
2
Total area
47,225 SF
Zoning code
LI
APN
LOWE M:140 B:6275 L:122 U:1
UPID
US38-2234387
Jurisdiction
LOWELL
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
LI · Lowell, MAZoning LI · permitted uses
LI · Lowell, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The LI district allows a broad range of cleaner industrial uses as well as storage activities
Zone name
Light Industry Manufacturing And Storage
General category
INDUSTRIAL
Zone area
517.06 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$5.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.9M
RESTAURANT
Est. value
$7.9M
INDUSTRIAL (GENERAL)
Est. value
$7.3M
AUTO REPAIR, GARAGE
Est. value
$7.2M
RETAIL STORES
Est. value
$7.2M
WAREHOUSE, STORAGE
Est. value
$6.9M
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1880
Heating
SPACE
Stories
5
Buildings
1
Rooms
30
Bathrooms
2
Current owner
From public records · entity-resolved
Western Ave Cmnty
Individual
Mailing address
15 CHANNEL CTR ST STE #103, BOSTON, MA 02210-3427
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2022
$9,340,000
Western Ave Cmnty
Bpv Lowell LLC
Quit Claim Arm's Length For Ne States
$3,000,000 · Eastern Bank
—
—
Bpv Lowell LLC
—
Deed Of Trust
related
$4,500,000 · Jeanne D'arc Cu
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 122 Western Ave Ste, Unit 1?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
