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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Commercial real estate
1418 Middlesex St, Lowell, MA 01851-1222
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-0510753
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,720 SF
Lot
3.83 ac (166,835 SF)
Zoning code
LI
APN
LOWE M:72 B:4085 L:1418
UPID
US38-0510753
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
-
Karman Auto Sales Car Dealership
-
Carrisma | Aftermarket Car Accessories Shop Auto Parts Store
-
Auto Home Upholstering Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$873k
Blend (final)
Blend
$795k
Owner & transaction history
1418 Middlesex St Corp · 5 yrs held
1418 Middlesex St Corp
since 2021
5 recorded transactions
Zoning & alternative use
LI · Lowell, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.3M
+86.7%
Restaurant
$955,000
+35.3%
Industrial (general)
$880,000
+24.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$705,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,320,000
Change: +87% · Conversion: Moderate
RESTAURANT
$955,000
Change: +35% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$880,000
Change: +24% · Conversion: Moderate
AUTO REPAIR, GARAGE
$870,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$870,000
Change: +23% · Conversion: Easy
WAREHOUSE, STORAGE
$830,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$795k
Range $716k – $875k · ±10%
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
$139 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$12,271
Tax year 2020
Assessed value
$530,100
Assessed 2024
Previous assessed
$487,600
+8.7% YoY
Effective rate
2.31%
On assessed value
Assessed land
$252,300
Assessed improvement
$277,800
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Total area
5,720 SF
Lot
3.83 ac (166,835 SF)
Zoning code
LI
APN
LOWE M:72 B:4085 L:1418
UPID
US38-0510753
Jurisdiction
LOWELL
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
LI · Lowell, MA
Zoning LI · permitted uses
LI · 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
COMMERCIAL (GENERAL) Current
Est. value
$705,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
RESTAURANT
Est. value
$955,000
INDUSTRIAL (GENERAL)
Est. value
$880,000
AUTO REPAIR, GARAGE
Est. value
$870,000
RETAIL STORES
Est. value
$870,000
WAREHOUSE, STORAGE
Est. value
$830,000
COMMERCIAL (GENERAL) Current
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
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
3.83 ac
Current owner
From public records · entity-resolved
1418 Middlesex St Corp
Entity
Mailing address
1418 MIDDLESEX ST, LOWELL, MA 01851-1222
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Feb 4, 2021
—
1418 Middlesex St Corp
—
Deed
related
$445,000 · Bay Colony Development Corp
Jan 8, 2021
—
1418 Middlesex St Corp
—
Deed
related
$537,500 · Enterprise Bank & Trust Co
Jun 30, 2006
—
1418 Middlsex Street Corp
—
Deed Of Trust
related
$850,000 · Enterprise Bank & Trust
May 18, 2004
—
1418 Middlesex St Corp
—
Deed Of Trust
related
$125,000 · Citizens Bank Of Ma
Dec 31, 2001
—
1418 Middlesex St Corp
—
Deed Of Trust
related
$600,000 · Citizens Bank Of Ma
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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