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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Retail space
151 Andover St, Lowell, MA 01852-2477
Entity Owned
3-yr Hold
Property ID
US38-2476475
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Billy's Barber Shop Barber Shop
-
Rapid Refunds Tax Preparation
-
David The Pain Killer Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
$835k
Comparable Approach
Comparable
$510k
Blend (final)
Blend
$605k
Owner & transaction history
Andowhip LLC · 3 yrs held
Andowhip LLC
since 2023
Last sale
$600,000
5 recorded transactions
Zoning & alternative use
UMU · Lowell, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$910,000
+86.0%
Auto repair, garage
$500,000
+2.0%
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
$625,000
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
$900,000
6.5%
$835,000
7%
$775,000
Alternative Use
Use
Estimation
RETAIL STORES
$490,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$910,000
Change: +86% · Conversion: Moderate
AUTO REPAIR, GARAGE
$500,000
Change: +2% · Conversion: Difficult
WAREHOUSE, STORAGE
$475,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$435,000
Change: -11% · Conversion: Easy
COMMERCIAL (GENERAL)
$405,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $600k (Mar 21 2023)
Last sale anchor
$600k
Mar 21 2023
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
$184 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$8,240
Tax year 2024
Assessed value
$354,100
Assessed 2024
Previous assessed
$328,800
+7.7% YoY
Effective rate
2.33%
On assessed value
Assessed land
$100,000
Assessed improvement
$254,100
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Units
2
Rooms
7
Bathrooms
3
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
Jurisdiction
LOWELL
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
UMU · Lowell, MA
Zoning UMU · permitted uses
UMU · 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
RETAIL STORES Current
Est. value
$490,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$910,000
AUTO REPAIR, GARAGE
Est. value
$500,000
WAREHOUSE, STORAGE
Est. value
$475,000
OFFICE BUILDING
Est. value
$435,000
COMMERCIAL (GENERAL)
Est. value
$405,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Units
2
Rooms
7
Bathrooms
3
Lot
0.07 ac
Current owner
From public records · entity-resolved
Andowhip LLC
Entity
Mailing address
151 ANDOVER ST, LOWELL, MA 01852-2477
Ownership since
2023
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
Mar 21, 2023
$600,000
Andowhip LLC
Silveira Construction LP
Quit Claim Arm's Length For Ne States
$500,000 · Silveira Const LP
Mar 1, 2017
—
Silveira Construction
—
Deed
related
$200,000 · Enterprise Bank & Trust Co
Jan 19, 2017
—
Silveira Construction LP
Silveira,manuel R & Arthur I
Quit Claim Deed
related
—
Dec 22, 2004
$347,500
Manuel R Silveira
Gath,george J JR
Grant Deed
$296,100 · Homestead Fund Corp
Nov 23, 2001
—
George J Gath JR.
—
Deed Of Trust
related
$113,000 · Lowell Capital Bank
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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