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Property profile & analytics
OFF-MARKET
Estimated value
$220,000
Specialty properties
179 Salem St Lowell, MA 01854-3517
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US38-1052901
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1900
Total area
2,670 SF
Lot
0.05 ac (2,178 SF)
Zoning code
UMF
APN
LOWE M:117 B:5185 L:179
UPID
US38-1052901
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$220k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$220k
Owner & transaction history
House Of Hope INC · 22 yrs held
House Of Hope INC
since 2003
2 recorded transactions
Zoning & alternative use
UMF · Lowell, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Urban Neighborhood Residential District is designed to preserve, promote, and enhance the character of Lowell neighborhoods and redevelopment areas where urban scale development patterns are typical or appropriate. The UMF district also two family and multi family developments.
Zone name
Urban Neighborhood Multifamily
General category
RESIDENTIAL
Zone area
117.52 ac
Source
Realmo
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
$220,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$220k
Range $198k – $242k · ±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
$82 / 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
Assessed value
$415,200
Assessed 2024
Previous assessed
$374,000
+11.0% YoY
Assessed land
$59,000
Assessed improvement
$356,200
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1900
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Rooms
8
Bathrooms
2
Total area
2,670 SF
Lot
0.05 ac (2,178 SF)
Zoning code
UMF
APN
LOWE M:117 B:5185 L:179
UPID
US38-1052901
Jurisdiction
LOWELL
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
UMF · Lowell, MAZoning UMF · permitted uses
UMF · Lowell, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Urban Neighborhood Residential District is designed to preserve, promote, and enhance the character of Lowell neighborhoods and redevelopment areas where urban scale development patterns are typical or appropriate. The UMF district also two family and multi family developments.
Zone name
Urban Neighborhood Multifamily
General category
RESIDENTIAL
Zone area
117.52 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1900
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Rooms
8
Bathrooms
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
House Of Hope INC
Entity
Mailing address
812 MERRIMACK ST, LOWELL, MA 01854-3532
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2007
—
House Of Hope INC
—
Deed Of Trust
related
$150,000 · Lowell Dev & Financial
Sep 5, 2003
$213,000
House Of Hope INC
Hartley,dennis R
Grant Deed
$150,000 · Enterprise Bank & Trust
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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