Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1278 Gorham St Lowell, MA 01852-5250
    Back to Search
    Property profile & analytics

    1278 Gorham St, Lowell, MA 01852-5250

    View on Map
    • Turn key restaurants
    • 10,560 SF
    • 0.48 lot acres
    Off-Market
    Property ID
    US38-1673906
    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
    $630,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Good Thymes Family Restaurant / Restaurant

    Property Details for 1278 Gorham St

    Year built
    1988
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.48 lot acres
    Zone code
    TMU
    Property type
    Turn key restaurants
    APN
    LOWE M:187 B:2675 L:1278
    APU
    LOWEM187B2675L1278

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 1, 2011 $1 1278 Gorham INC New Bank Of New England Grant Deed —
    Apr 1, 2011 $765,000 Good Thymes LLC 1278 Gorham Street INC Grant Deed $765k · 1278 Gorham INC
    Feb 26, 1993 $207,000 1278 Gorham St INC Fdic Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $635,000
      Market price range: $538k - $1.66M

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

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.305
    Latitude
    42.6211
    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
    $17,909
    $157,100
    $612,500
    $769,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,635 SF

      581 Rogers St

      RESTAURANT
      581 Rogers St, Lowell, MA 01852-3830
      View Details
    • Value Estimation by Request
      5,585 SF

      547 Central St

      RESTAURANT
      547 Central St, Lowell, MA 01852-2614
      View Details
    • Value Estimation by Request
      1,155 SF

      380 Lawrence St

      RESTAURANT
      380 Lawrence St, Lowell, MA 01852
      View Details
    • Value Estimation by Request
      6,728 SF

      61 Merrimack St

      RESTAURANT
      61 Merrimack St, Lowell, MA 01852-1721
      View Details
    • Value Estimation by Request
      3,966 SF

      415 Lawrence St

      RESTAURANT
      415 Lawrence St, Lowell, MA 01852-3514
      View Details
    • Value Estimation by Request
      2,469 SF

      660 Rogers St

      RESTAURANT
      660 Rogers St, Lowell, MA 01852-3833
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,600 SF

      Retail Investment Opportunity in Lowell

      Historic 4,600 SF building with operating Walgreens and vacant restaurant.
      19 Merrimack St, Lowell, MA 01852
      View Details
    • Contact for pricing
      10,106 SF

      Retail and Distribution Space Lowell

      10,106 SF retail and distribution space for sale.
      588 Gorham St, Lowell, MA 01852
      View Details
    • Contact for pricing
      1,368 SF

      Lowell Commercial Storefront Condo

      Upgraded commercial condo in downtown Lowell with high visibility.
      58 Prescott St, Lowell, MA 01852
      View Details
    • Contact for pricing

      Upgraded Storefront Condo Suite

      Highly visible first-floor retail storefront with flexible interior sections, kitchen, and upgraded finishes suited for small business use.
      58 Prescott St, Lowell, MA 01852
      View Details
    • Contact for pricing

      Lowell Mixed-Use Investment Opportunity

      Two-building mixed-use asset with commercial and residential spaces.
      101-107 Gorham St, Lowell, MA 01852
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Turn-Key Restaurant Space in Lowell

      Prime location near Lowell National Historical Park and UMass Lowell.
      10 Kearney Sq, Lowell, MA 01852
      View Details
    • Contact for pricing

      Kearney Square Turn-Key Restaurant Space

      Prime restaurant/retail space in high-traffic Kearney Square.
      10 Kearney Sq, Lowell, MA 01852
      View Details
    • New
      Contact for pricing
      7,000 SF

      Freestanding Restaurant Pad with Drive-Thru

      Freestanding pad at a signalized intersection, positioned for a drive-thru restaurant in new retail development.
      198 Plain St, Lowell, MA 01852
      View Details
    • Contact for pricing
      2,600 SF

      Retail Space on Route 3A

      Retail spaces available with high traffic and signalized access.
      199 Plain St, Lowell, MA 01852
      View Details
    • Contact for pricing

      Former Auto Service Shop Available

      Auto service shop with 8 bays in high-traffic location.
      322 Merrimack St, Lowell, MA 01852
      View Details
    • Contact for pricing
      6,500 SF

      Expansive Retail Space Available

      6500 Sq Ft first floor retail unit for rent.
      1088-1100 Gorham St, Lowell, MA 01852
      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.
    1278 Gorham St
    Lowell, MA 01852-5250
    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
    1278 Gorham St, Lowell, MA, 01852
    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!