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Property profile & analytics
OFF-MARKET
Gas stations
224 Lowell St, Methuen, MA 01844-3403
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US38-1551370
Property profile
Verified
Property type
Gas stations
Use group
GAS STATION
Year built
1988
Construction
FRAME
Total area
112 SF
Lot
0.67 ac (29,316 SF)
Zoning code
RD
APN
METH M:00616 B:00151 L:00017
UPID
US38-1551370
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
-
Haffner's Gas Station Gas Station
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
Heg 224 Lowell Street · 11 yrs held
Heg 224 Lowell Street
since 2015
3 recorded transactions
Zoning & alternative use
RD · Methuen, 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 Methuen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Methuen 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
$9,204
Tax year 2024
Assessed value
$438,300
Assessed 2024
Previous assessed
$420,900
+4.1% YoY
Effective rate
2.10%
On assessed value
Assessed land
$263,100
Assessed improvement
$175,200
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
Gas stations
Use group
GAS STATION
Status
Off-Market
Year built
1988
Construction
FRAME
Heating
ELECTRIC
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
1
Total area
112 SF
Lot
0.67 ac (29,316 SF)
Zoning code
RD
APN
METH M:00616 B:00151 L:00017
UPID
US38-1551370
Jurisdiction
METHUEN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
RD · Methuen, MA
Zoning RD · permitted uses
RD · Methuen, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Methuen. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Heg 224 Lowell Street
Individual
Mailing address
2 INTERNATIONAL WAY, LAWRENCE, MA 01843-1064
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2025
—
Heg 224 Lowell Street LLC
—
Deed
related
$270,000,000 · Manufacturers & Traders Trust Co
Mar 1, 2021
—
Heg 224 Lowell St LLC
—
Deed
related
$200,000,000 · Manufacturers & Traders Trust Co
Feb 12, 2015
$200,000
Heg 224 Lowell Street
Haffner RT
Quit Claim Arm's Length For Ne States
$30,712,000 · Peoples United Bank
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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