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Property profile & analytics
OFF-MARKET
Estimated value
$2,215,000
Office Spaces
199 Cabot St, Lowell, MA 01854-3611
Entity Owned
~
Est. High Equity
Property ID
US38-1591065
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1970
Total area
20,056 SF
Lot
0.66 ac (28,627 SF)
Zoning code
C
APN
LOWE M:136 B:950 L:199 U:1
UPID
US38-1591065
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.79M
Blend (final)
Blend
$2.22M
Owner & transaction history
Gef LLC
Gef LLC
since 2025
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
C · Lowell, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.4M
+26.6%
Industrial (general)
$3.1M
+16.4%
Auto repair, garage
$3.1M
+15.3%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,645,000
Current use
RESTAURANT
$3,350,000
Change: +27% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,080,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,050,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$3,050,000
Change: +15% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,915,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$2.22M
Range $1.99M – $2.44M · ±10% · vs last sale $2.00M (Jun 23 2025)
Last sale anchor
$2.00M
Jun 23 2025
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
$110 / 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
Tax billed
$51,194
Tax year 2024
Assessed value
$2,200,000
Assessed 2024
Previous assessed
$2,200,000
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed improvement
$2,200,000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1970
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
2
Rooms
7
Bathrooms
2
Total area
20,056 SF
Lot
0.66 ac (28,627 SF)
Zoning code
C
APN
LOWE M:136 B:950 L:199 U:1
UPID
US38-1591065
Jurisdiction
LOWELL
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
C · Lowell, MA
Zoning C · permitted uses
C · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.6M
RESTAURANT
Est. value
$3.4M
INDUSTRIAL (GENERAL)
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.1M
RETAIL STORES
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$2.9M
OFFICE BUILDING Current
RESTAURANT
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
2
Rooms
7
Bathrooms
2
Lot
0.66 ac
Current owner
From public records · entity-resolved
Gef LLC
Entity
Mailing address
7 MT VERNON ST, CHARLESTOWN, MA 02129-3410
Ownership since
2025
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 23, 2025
$2,000,000
Gef LLC
Kdi One Realty LLC
Corporation Deed
$1,500,000 · Kdi One Realty LLC
Sep 23, 2025
—
Gef LLC
—
Deed
related
$900,000 · S P Downtown 9 Revoca
Jan 2, 2014
$1,250,000
Kdi 1 Realty LLC
Hem Corp
Deed
$1,280,000 · Middlesex Savings Bank
Jul 31, 2003
—
Hem Corp
—
Deed Of Trust
related
$1,100,000 · Enterprise Bank & Trust
Oct 1, 1998
—
Hem Corp
—
Deed Of Trust
related
$600,000 · Danvers Savings Bank
Jun 13, 1997
—
Hem Corporation
—
Deed Of Trust
related
$140,000 · Frank L Hurley
Jul 6, 1994
—
Hem Corp
—
Deed Of Trust
related
$693,000 · Enterprise Bank & Trust
Nov 16, 1993
—
Hem Corp
—
Deed Of Trust
related
$350,000 · Enterprise Bank & Trust
Aug 9, 1993
$383,750
Hem Corp
Watershed Corp
Grant Deed
$360,000 · Zwi Kohorn
Feb 9, 1988
—
Malcolm F Fryer JR
—
Deed Of Trust
related
$2,600,000 · Lowell Inst Svgs Bk
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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