Property profile

198 University Ave Lowell, MA 01854

OFF-MARKET
Retail space
Property ID
US38-2196795
2,610 SF 0.08 ac lot Built 1930
Individually Owned 6-yr Hold
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1930
Construction FRAME
Total area 2,610 SF
Lot 0.08 ac (3,485 SF)
Zoning code TMU
APN LOWE M:96 B:5830 L:198
UPID US38-2196795

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
  • Barber Shop
  • Barber Shop

Location

198 University Ave Lowell, MA 01854-2425
Lowell metro Census 310500 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2019
7 recorded transactions
2025
Price N/A
2019
$320,000
2012
$156,500
2012
$139,300
2006
$270,000
2006
Price N/A
2005
Price N/A

Zoning & alternative use

TMU · Lowell, MA
Zoning description

The TMU district is designed to promote a mix of residential and retail uses in secondary areas

General category MIXED_USE

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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