Property profile

229 Stedman St Lowell, MA 01851

OFF-MARKET
Office buildings
Property ID
US38-0239204
10,154 SF 0.78 ac lot Built 2009
Entity Owned 9-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2009
Construction FRAME
Total area 10,154 SF
Lot 0.78 ac (33,977 SF)
Zoning code LI
APN LOWE M:63 B:5520 L:229
UPID US38-0239204

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
  • Hair Salon Nail Salon
  • Crisis Center Medical Clinic
  • School Bus Service
  • Construction Company General Contractor
  • Church

Location

229 Stedman St Lowell, MA 01851-2705
Lowell metro Census 311400 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.35M
Blend (final) Blend
$1.43M

Owner & transaction history

since 2017
5 recorded transactions
2021
Price N/A
2017
Price N/A
2009
Price N/A
2008
$1
2007
$162,500

Zoning & alternative use

LI · Lowell, MA
Zoning description

The LI district allows a broad range of cleaner industrial uses as well as storage activities

General category INDUSTRIAL
Top alternative use upside
Apartment house (5+ units) $2.3M +74.7%
Restaurant $1.7M +26.6%
Industrial (general) $1.6M +16.4%

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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