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    Property profile & analytics

    1924 Lakeview Ave Dracut, MA 01826-3256

    • Retail space
    • 1,348 SF
    • 1.24 lot acres
    OFF-MARKET
    Value Estimation
    $635,000
    Last Sale
    Aug 14, 2023
    $625,000
    Location Intelligence
    Property ID
    US38-0826194
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Carvalho & Sons Fence and Outdoor Materials / Fence Contractor / Fence Supply Store

    Property Details for 1924 Lakeview Ave

    Year built
    1970
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.24 lot acres
    Property size
    1,348 SF
    Zone code
    B3
    Property type
    Retail space
    APN
    DRAC M:25 L:239
    APU
    DRACM25L239

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $655,000

    • CAP approach

      CAP return
      Estimation
      6%
      $610,000
      6.5%
      $595,000
      7%
      $665,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $560,000
      Geo Method
      $640,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $715,000
      Retail
      $680,000
      Mixed-Use
      $615,000
      Hospitality
      $655,000
      Educational
      $595,000
      Residential Income
      $725,000
      Energy
      $680,000
      Income-Based Land
      $640,000
      Food Service
      $725,000

    Location Insight

    • Map
    • Local Demand
    City
    Dracut
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3491
    Latitude
    42.6822
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,932
    $293,800
    $82,500
    $376,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $160,000
      7,400 SF

      109 Arlington St

      RETAIL STORES (PERSONAL SERVICES) • 7,400 SF
      109 Arlington St, Dracut, MA 01826-4008
      View Details
    • Value Estimation
      $225,000
      3,782 SF

      11 Broadway Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,782 SF
      11 Broadway Rd, Dracut, MA 01826-4001
      View Details
    • Value Estimation
      $410,000
      6,500 SF

      14 Broadway Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,500 SF
      14 Broadway Rd, Dracut, MA 01826-4059
      View Details
    • Value Estimation
      $1,305,000
      3,750 SF

      1730 Lakeview Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,750 SF
      1730 Lakeview Ave, Dracut, MA 01826
      View Details
    • Value Estimation
      $1,155,000
      6,780 SF

      15 Victory Ln

      RETAIL STORES (PERSONAL SERVICES) • 6,780 SF
      15 Victory Ln, Dracut, MA 01826-4642
      View Details
    • Value Estimation
      $420,000
      5,910 SF

      115 Hampson St

      RETAIL STORES (PERSONAL SERVICES) • 5,910 SF
      115 Hampson St, Dracut, MA 01826-4687
      View Details

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    Similar Nearby for Lease

    • $10,000 /Mo

      Freestanding Retail/Office Building For Rent

      Freestanding retail/office building with large parking lot.
      1985 Lakeview Ave, Dracut, MA 01826
      View Details
    • $2,800 /Mo
      6,098 SF

      Dracut Commercial Building For Rent

      Free-standing building suitable for office use in Dracut, MA.
      14 Dinley St, Dracut, MA 01826
      View Details
    • $18 SF/Yr
      1,087 SF

      Professional Office Space Available

      Well-maintained office space with ample parking and professional management.
      1168 Lakeview Ave, Dracut, MA 01826
      View Details
    • $350 /Mo

      Private Office Space For Rent

      Private office space with utilities included, near Dracut High.
      1565 Lakeview Ave, Dracut, MA 01826
      View Details
    • Contact for pricing
      33,130 SF

      Middlesex County Warehouse For Lease

      Large industrial warehouse, immediate occupancy.
      49 Mcgrath Rd, Dracut, MA 01826
      View Details
    • $1,350 /Mo

      Office Space with Natural Lighting

      Second-floor office space with elevator access and natural lighting.
      14 Loon Hill Rd, Dracut, MA 01826
      View Details
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    Dracut, MA 01826-3256
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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