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Property profile & analytics
OFF-MARKET
Turn key restaurants
197 Market St Lowell, MA 01852-1810
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-1639928
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1880
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,028 SF
Lot
0.05 ac (2,178 SF)
Zoning code
DMU
APN
LOWE M:159 B:3905 L:197
UPID
US38-1639928
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
-
Warp and Weft Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Warped Properties LLC · 2 yrs held
Warped Properties LLC
since 2023
Last sale
$480,000
7 recorded transactions
Zoning & alternative use
DMU · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,807
Tax year 2024
Assessed value
$335,500
Assessed 2024
Previous assessed
$318,400
+5.4% YoY
Effective rate
2.33%
On assessed value
Assessed land
$109,500
Assessed improvement
$226,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1880
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
2,028 SF
Lot
0.05 ac (2,178 SF)
Zoning code
DMU
APN
LOWE M:159 B:3905 L:197
UPID
US38-1639928
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.
Building & site characteristics
From public records
Year built
1880
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Warped Properties LLC
Entity
Mailing address
197 MARKET ST, LOWELL, MA 01852-1810
Ownership since
2023
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
Sep 26, 2023
$480,000
Warped Properties LLC
Milliways LLC
Quit Claim Arm's Length For Ne States
$480,000 · Jeffrey M Foy
Feb 7, 2018
—
Milliways LLC
—
Deed
related
$74,200 · Lowell Dev & Fncl
Jul 18, 2017
$415,000
Milliways LLC
Econ Realty LLC
Quit Claim Deed
$332,000 · Align Cu
Jul 19, 2005
$350,000
Econ Rlty Corp
Mustugast Dev Corp
Grant Deed
$250,000 · Enterprise Bank & Trust
Jun 24, 2005
$1
Mustugast Dev Corp
Mcd RT
Grant Deed
related
—
Apr 14, 2004
—
Mcd RT
—
Deed Of Trust
related
$45,000 · Mustugast Development
Oct 28, 1993
$135,000
Mcd RT
Polcari,charles A
Grant Deed
$135,000 · Zenon Grzybowski
Oct 28, 1993
—
Mcd RT
—
Deed Of Trust
related
$60,000 · Zenon Grzybowski
Oct 6, 1993
$200,000
Charles Polcari
Purnell,george F
Grant Deed
—
Apr 14, 1989
$381,500
George Purnell
Shaughnessy,david
Grant Deed
$120,000 · Zwi Kohorn
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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