Property profile

151 Andover St Lowell, MA 01852

OFF-MARKET
Retail space
Property ID
US38-2476475
3,282 SF 0.07 ac lot Built 1900
Entity Owned 3-yr Hold
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,282 SF
Lot 0.07 ac (3,049 SF)
Zoning code UMU
APN LOWE M:200 B:160 L:151
UPID US38-2476475

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
  • Barber Shop
  • Tax Preparation
  • Alternative Medicine Practice Spa & Massage Center

Location

151 Andover St Lowell, MA 01852-2477
Lowell metro Census 312501 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$595k
CAP Approach CAP
$835k
Comparable Approach Comparable
$510k
Blend (final) Blend
$625k

Owner & transaction history

since 2023
Last sale
$600,000
5 recorded transactions
2023
$600,000
2017
Price N/A
2017
Price N/A
2004
$347,500
2001
Price N/A

Zoning & alternative use

UMU · Lowell, MA
Zoning description

UMU District promotes the vitality of Lowell historic downtown. The UMU district focuses on revitalizing the commercial areas in the urban neighborhoods near downtown

General category MIXED_USE
Top alternative use upside
Neighborhood: shopping center $910,000 +86.0%
Auto repair, garage $500,000 +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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