Property profile

1300 Gorham St Lowell, MA 01852

OFF-MARKET
Retail space
Property ID
US38-1173669
3,990 SF 0.23 ac lot Built 1970
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1970
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,990 SF
Lot 0.23 ac (10,019 SF)
Zoning code TMU
APN LOWE M:187 B:2675 L:1300
UPID US38-1173669

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
  • Grocery & Convenience Store
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Atm
  • Atm

Location

1300 Gorham St Lowell, MA 01852-5251
Lowell metro Census 312200 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$735k
Blend (final) Blend
$310k

Owner & transaction history

since 2019
3 recorded transactions
2019
$600,000
2015
Price N/A
2013
$410,000

Zoning & alternative use

TMU · Lowell, MA
Zoning description

The TMU district is designed to promote a mix of residential and retail uses in secondary areas

General category MIXED_USE
Top alternative use upside
Auto repair, garage $605,000 +2.0%

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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