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Property profile & analytics
OFF-MARKET
Retail space
198 University Ave, Lowell, MA 01854-2425
Individually Owned
6-yr Hold
Property ID
US38-2196795
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Santana Barbershop Barber Shop
-
Santana barbershop Barber Shop
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
Rachel Tran · 6 yrs held
Rachel Tran
since 2019
7 recorded transactions
Zoning & alternative use
TMU · 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
$7,837
Tax year 2024
Assessed value
$336,800
Assessed 2024
Previous assessed
$312,500
+7.8% YoY
Effective rate
2.33%
On assessed value
Assessed land
$104,400
Assessed improvement
$232,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1930
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
1
Bathrooms
2
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
Jurisdiction
LOWELL
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
TMU · Lowell, MA
Zoning TMU · permitted uses
TMU · 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
1930
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
1
Bathrooms
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Rachel Tran
Individual
Mailing address
276 RIVERSIDE AVE, MEDFORD, MA 02155-5730
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2025
—
Rachel Tran
—
Deed
related
$250,000 · Rockland Trust Co
Oct 1, 2019
$320,000
Rachel Tran
Casy Nguyen
Quit Claim Arm's Length For Ne States
$240,000 · Peoples United Bank
Aug 17, 2012
$156,500
Casey Nguyen
Bayview Loan Svcs LLC
Grant Deed
$1 · Enterprise Bank & Trust
Mar 22, 2012
$139,300
Bayview Loan Svcng LLC
Jamina,solomon E
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Jan 6, 2006
$270,000
Marie A Boachie
Kotsonas,nicholas J
Grant Deed
$189,000 · Interbay Funding LLC
Jan 6, 2006
—
Marie A Boachie
—
Deed Of Trust
related
$54,000 · Nicholas J Kotsonas
May 19, 2005
—
Nicholas J Kotsonas
—
Deed Of Trust
related
$450,000 · Worth Funding INC
Mar 28, 2003
—
Nicholas C Kotsonas
—
Deed Of Trust
related
$50,000 · Silva Bros Investment INC
Jun 6, 2002
—
Nicholas J Kotsonas
—
Deed Of Trust
related
$550,000 · K&k Investments RT
Sep 30, 1999
$110,000
Nicholas C Kotsonas
Reta RT
Grant Deed
$78,000 · Washington Savings Bank
Nov 19, 1997
$32,000
Reta RT
Franklin Credit Manage
Grant Deed
—
Oct 14, 1997
$52,000
Franklin Credit Manage
Mclaughlin,william C
Grant Deed
related
—
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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