Property profile

175 Old Canal Dr A Lowell, MA 01851

OFF-MARKET
Office Spaces
Property ID
US38-1795482
4,206 SF Built 1989
Trust Owned 7-yr Hold Free & Clear
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Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1989
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,206 SF
Zoning code LI
APN LOWE M:63 B:4402 L:175 U:A
UPID US38-1795482

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
  • Industrial Manufacturer
  • Construction Company General Contractor
  • Construction Company General Contractor
  • Construction Company General Contractor

Location

175 Old Canal Dr, Unit A Lowell, MA 01851-2736
Lowell metro Census 311600 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$693k
Blend (final) Blend
$665k

Owner & transaction history

since 2018
2 recorded transactions
2018
Price N/A
2006
$950,000

Zoning & alternative use

LI · Lowell, MA
Zoning description

The LI district allows a broad range of cleaner industrial uses as well as storage activities

General category INDUSTRIAL
Top alternative use upside
Auto repair, garage $640,000 +15.3%
Retail stores $640,000 +15.2%
Warehouse, storage $610,000 +10.3%

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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