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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Retail properties & Spaces
169 Merrimack St Lowell, MA 01852-1701
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-0106717
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1840
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,457 SF
Lot
0.12 ac (5,227 SF)
Zoning code
DMU
APN
LOWE M:159 B:4060 L:169
UPID
US38-0106717
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
-
Non-Profit Alliance of Greater Lowell Charitable Organization Social Service Agency
-
Lowell Association for the Blind Charitable Organization Social Service Agency
-
Merrimack Valley Central Labor Advocacy Group
-
United Teachers of Lowell Advocacy Group
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.60M
Owner & transaction history
79 Andrews Street LLC · 2 yrs held
79 Andrews Street LLC
since 2024
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
DMU · Lowell, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+12.1%
Industrial (general)
$2.4M
+3.0%
Auto repair, garage
$2.4M
+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
$1,600,000
ML approach
$1,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,305,000
Current use
RESTAURANT
$2,580,000
Change: +12% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,375,000
Change: +3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,350,000
Change: +2% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,250,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$2,040,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±10% · vs last sale $1.60M (Apr 11 2024)
Last sale anchor
$1.60M
Apr 11 2024
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
$104 / 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
$24,171
Tax year 2024
Assessed value
$1,038,700
Assessed 2024
Previous assessed
$964,400
+7.7% YoY
Effective rate
2.33%
On assessed value
Assessed land
$186,700
Assessed improvement
$852,000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1840
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
4
Units
1
Total area
15,457 SF
Lot
0.12 ac (5,227 SF)
Zoning code
DMU
APN
LOWE M:159 B:4060 L:169
UPID
US38-0106717
Jurisdiction
LOWELL
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
DMU · Lowell, MA
Zoning DMU · permitted uses
DMU · 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
$2.3M
RESTAURANT
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.0M
RETAIL STORES Current
RESTAURANT
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1840
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
4
Buildings
1
Units
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
79 Andrews Street LLC
Entity
Mailing address
169 MERRIMACK ST, LOWELL, MA 01852-1701
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2024
$1,600,000
79 Andrews Street LLC
L&x Realty Group LLC
Quit Claim Arm's Length For Ne States
$1,584,750 · Jeanne D Arc Cu
Oct 6, 2022
$850,000
L&x Realty Group LLC
Merrimack North LLC
Quit Claim Arm's Length For Ne States
$637,500 · Enterprise Bank & Trust Co
Jul 29, 2021
—
Merrimack North LLC
—
Deed
related
$943,189 · Jeanne D Arc Cu
Dec 5, 2006
$1
Merrimack North LLC
Destefano Ft
Grant Deed
—
Jul 31, 2006
$1,150,000
Destefano Ft
Cooney Dev Corp
Deed
$850,000 · Jean Darc Cu
Dec 16, 2003
—
Cooney Dev Corp
—
Deed Of Trust
related
$250,000 · Lowell Dev & Financial
Oct 22, 2003
—
Cooney Dev Corp
—
Deed Of Trust
related
$650,000 · Central Cooperative 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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