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Property profile & analytics
FOR SALE
Specialty properties
1703 Middlesex St, Lowell, MA 01851
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US38-1839098
For Sale
1 / 42
$1,415,000
1703 Middlesex St, Lowell, MA 01851
View Listing →
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
40,375 SF
Lot
3.53 ac (153,767 SF)
Zoning code
SMU
APN
LOWE M:58 B:4085 L:1703
UPID
US38-1839098
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
-
Just Basketball Gym & Fitness Center
-
Merrimack Valley Food Bank Food Bank Charitable Organization
-
Mill City Volleyball Club Association / Organization
-
Velocity Sports Performance Gym & Fitness Center
-
Game Time Sports and Fitness Arcade & Gaming Center Sports Field & Court
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.42M
Owner & transaction history
Croteau-deschenes Vent · 10 yrs held
Croteau-deschenes Vent
since 2016
7 recorded transactions
Zoning & alternative use
SMU · Lowell, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$1.42M
Range $1.27M – $1.56M · ±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
$35 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$48,693
Tax year 2023
Assessed value
$2,465,200
Assessed 2024
Previous assessed
$1,998,900
+23.3% YoY
Effective rate
1.98%
On assessed value
Assessed land
$548,000
Assessed improvement
$1,917,200
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
For Sale
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
40,375 SF
Lot
3.53 ac (153,767 SF)
Zoning code
SMU
APN
LOWE M:58 B:4085 L:1703
UPID
US38-1839098
Jurisdiction
LOWELL
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
SMU · Lowell, MA
Zoning SMU · permitted uses
SMU · 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.
Building & site characteristics
From public records
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
3.53 ac
Current owner
From public records · entity-resolved
Croteau-deschenes Vent
Individual
Mailing address
735 BROADWAY ST, LOWELL, MA 01854-3129
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2022
—
Merrimack Vly Food Bk INC
—
Deed
related
$6,456,000 · Enterprise Bank & Trust Co
Jul 1, 2019
—
Croteau-deschenes Venturs
—
Deed
related
$1,430,000 · Lowell Five Cents Savings Bank
Apr 1, 2019
—
Mae-game Time Solar LLC
—
Deed
related
$4,076,449 · Miscellaneous Fin & Mtg Co
Jun 16, 2016
$1,650,000
Croteau-deschenes Vent
Jkmt Properties LLC
Quit Claim Arm's Length For Ne States
$1,237,500 · Lowell Five Cents Savings Bank
Aug 5, 2011
—
Jkmt Props LLC
—
Deed Of Trust
related
$596,000 · Bay Colony Dev Corp
Jun 14, 2011
$1,450,000
Jkmt Props LLC
Genkin Corp
Grant Deed
$725,000 · Enterprise Bank & Trust
Jun 14, 2011
—
Jkmt Props LLC
—
Deed Of Trust
related
$580,000 · Enterprise Bank & Trust
Jul 30, 1997
$915,000
Genkin Corp
Hr1-lp
Grant Deed
$732,000 · Fleet National Bank
Oct 29, 1996
$1,662,327
Hr1-a LP
Realty Financial Prtns
Grant Deed
—
—
—
Mae-game Time Solar LLC
—
Deed Of Trust
related
$4,076,449 · Miscellaneous Fin & Mtg Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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