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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Showrooms
24 Stedman St, Lowell, MA 01851-2703
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-2443208
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1984
Construction
FRAME
Total area
3,888 SF
Lot
0.49 ac (21,344 SF)
Zoning code
LI
APN
LOWE M:61 B:5520 L:24
UPID
US38-2443208
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
-
Lowell Concrete Foundations & Excavation Co. Construction Company General Contractor
-
Transformation Fire Ministries International Church
-
Experts at Care Home Health Care Service
-
M&B Auto Performance Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$820k
Blend (final)
Blend
$645k
Owner & transaction history
Lm Props LLC · 7 yrs held
Lm Props LLC
since 2018
7 recorded transactions
Zoning & alternative use
LI · Lowell, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$590,000
+23.2%
Retail stores
$590,000
+23.1%
Warehouse, storage
$565,000
+17.9%
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
COMMERCIAL (GENERAL)
$480,000
Current use
AUTO REPAIR, GARAGE
$590,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$590,000
Change: +23% · Conversion: Easy
WAREHOUSE, STORAGE
$565,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$515,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$645k
Range $581k – $710k · ±10%
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
$166 / 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
$11,581
Tax year 2024
Assessed value
$497,700
Assessed 2024
Previous assessed
$453,000
+9.9% YoY
Effective rate
2.33%
On assessed value
Assessed land
$157,500
Assessed improvement
$340,200
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1984
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
3,888 SF
Lot
0.49 ac (21,344 SF)
Zoning code
LI
APN
LOWE M:61 B:5520 L:24
UPID
US38-2443208
Jurisdiction
LOWELL
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
LI · Lowell, MA
Zoning LI · permitted uses
LI · 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
COMMERCIAL (GENERAL) Current
Est. value
$480,000
AUTO REPAIR, GARAGE
Est. value
$590,000
RETAIL STORES
Est. value
$590,000
WAREHOUSE, STORAGE
Est. value
$565,000
OFFICE BUILDING
Est. value
$515,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1984
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Lm Props LLC
Entity
Mailing address
30 SANDERSON RD, LEXINGTON, MA 02420-2619
Ownership since
2018
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
Apr 8, 2022
—
Lm Properties LLC
—
Deed
related
$450,000 · Enterprise Bank & Trust Co
Dec 28, 2018
$975,000
Lm Props LLC
Stedman Street Lowell LLC
Quit Claim Deed
—
Dec 16, 2015
—
Mountain Realty Trust 2
Nu Yankee LLC
Quit Claim Deed
related
—
Nov 19, 2015
—
Stedman Street Lowell LLC
Mountain Realty Trust 2
Quit Claim Deed
related
—
May 20, 2009
$500,000
RT Mountain
Nu Yankee LLC
Grant Deed
—
Jul 7, 2008
$335,000
Merriam 78 LLC
Pleasant View RT
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Feb 2, 2007
—
16 Stedman Street RT
—
Grant Deed
related
$332,000 · Lbm Financial LLC
Dec 22, 2005
—
16 Stedman St. RT
—
Deed Of Trust
related
$465,000 · Lbm Financial LLC
Mar 17, 2005
—
16 Stedman St. RT
—
Deed Of Trust
related
$250,000 · Lbm Financial LLC
Dec 30, 2004
—
16 Stedman St. RT
—
Deed Of Trust
related
$300,000 · Lbm Financial LLC
Mar 10, 2003
—
Pleasant View RT
—
Grant Deed
related
$250,000 · Banknorth NA
Mar 10, 2003
$1
Tsihlis,james Tr
Liguori,armand
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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