Property profile

1344 Gorham St Lowell, MA 01852

OFF-MARKET
Retail space
Property ID
US38-0105845
1,950 SF 0.23 ac lot Built 1985
Individually Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1985
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,950 SF
Lot 0.23 ac (10,019 SF)
Zoning code TMU
APN LOWE M:187 B:2675 L:1344
UPID US38-0105845

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1344 Gorham St Lowell, MA 01852-5214
Lowell metro Census 312200 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$905k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.03M

Owner & transaction history

since 2023
Last sale
$980,000
5 recorded transactions
2023
Price N/A
2022
$980,000
2004
Price N/A
2003
Price N/A
1990
$130,000

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

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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