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Property profile & analytics
OFF-MARKET
Estimated value
$1,790,000
Specialty properties
150 Western Ave Lowell, MA 01851-1434
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-0333646
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1880
Total area
22,203 SF
Zoning code
LI
APN
LOWE M:140 B:6275 L:150 U:3
UPID
US38-0333646
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
-
Hawk Ridge Systems (Bike/Boat/Book/etc) Store Corporate Office
-
Gopuff Department Store
-
Lowell Makes Training Center Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.79M
Owner & transaction history
Lowell Makes INC · 6 yrs held
Lowell Makes INC
since 2020
Last sale
$1.7M
4 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
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
$1,790,000
ML approach
$1,810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$2,625,000
Current use
Blend value · Realmo final
$1.79M
Range $1.61M – $1.97M · ±10% · vs last sale $1.65M (May 14 2020)
Last sale anchor
$1.65M
May 14 2020
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
$81 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$13,852
Tax year 2021
Assessed value
$428,900
Assessed 2024
Previous assessed
$390,000
+10.0% YoY
Effective rate
3.23%
On assessed value
Assessed improvement
$428,900
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
FORCED AIR
Cooling
YES
Buildings
1
Stories
5
Rooms
10
Bathrooms
2
Total area
22,203 SF
Zoning code
LI
APN
LOWE M:140 B:6275 L:150 U:3
UPID
US38-0333646
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
$2.6M
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
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
FORCED AIR
Cooling
Yes
Stories
5
Buildings
1
Rooms
10
Bathrooms
2
Current owner
From public records · entity-resolved
Lowell Makes INC
Entity
Mailing address
47 LEE ST, LOWELL, MA 01852-1103
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2020
$1,650,000
Lowell Makes INC
Beta Real Est At Western
Quit Claim Arm's Length For Ne States
$1,485,000 · Enterprise Bank & Trust Co
Sep 8, 2010
—
Beta Re Western Ave LLC
—
Deed Of Trust
related
$1,500,000 · Enterprise Bank & Trust
May 11, 2007
—
Beta Re At Western LLC
—
Deed Of Trust
related
$250,000 · Lowell Dev & Financial
Mar 2, 2007
$520,000
Beta Re At Western LLC
Bpv Lowell LLC
Grant Deed
$1,154,000 · Enterprise Bank & Trust
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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