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Property profile & analytics
FOR LEASE
Manufacturing properties
240 Industrial Ave E, Lowell, MA 01852
Entity Owned
1-yr Hold
Free & Clear
Property ID
US38-2191173
For Lease
1 / 2
$16,185,000
240 Industrial Ave E, Lowell, MA 01852
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Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
167,079 SF
Lot
9.95 ac (433,422 SF)
Zoning code
GI
APN
LOWE M:148 B:3155 L:240
UPID
US38-2191173
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
-
DS Smith, Lowell Industrial Manufacturer Production Facility
-
Rand Whitney Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.00M
CAP Approach
CAP
$14.72M
Comparable Approach
Comparable
$16.11M
Blend (final)
Blend
$16.19M
Owner & transaction history
Lowell Industrial Ave LLC · 1 yrs held
Lowell Industrial Ave LLC
since 2025
Last sale
$19.0M
7 recorded transactions
Zoning & alternative use
GI · 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
Method
Estimation
Statistic approach
$17,175,000
ML approach
$10,000,000
CAP Approach
CAP Return
Estimation
6%
$15,940,000
6.5%
$14,715,000
7%
$13,665,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$25,645,000
Current use
AUTO REPAIR, GARAGE
$25,395,000
Change: -1% · Conversion: Easy
RETAIL STORES
$24,890,000
Change: -3% · Conversion: Moderate
WAREHOUSE, STORAGE
$24,300,000
Change: -5% · Conversion: Easy
OFFICE BUILDING
$22,035,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$16.19M
Range $14.57M – $17.80M · ±10% · vs last sale $19.00M (Oct 12 2021)
Last sale anchor
$19.00M
Oct 12 2021
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
$97 / 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
$148,137
Tax year 2024
Assessed value
$6,366,000
Assessed 2024
Previous assessed
$6,037,300
+5.4% YoY
Effective rate
2.33%
On assessed value
Assessed land
$1,715,800
Assessed improvement
$4,650,200
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Total area
167,079 SF
Lot
9.95 ac (433,422 SF)
Zoning code
GI
APN
LOWE M:148 B:3155 L:240
UPID
US38-2191173
Jurisdiction
LOWELL
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
GI · Lowell, MA
Zoning GI · permitted uses
GI · 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
INDUSTRIAL (GENERAL) Current
Est. value
$25.6M
AUTO REPAIR, GARAGE
Est. value
$25.4M
RETAIL STORES
Est. value
$24.9M
WAREHOUSE, STORAGE
Est. value
$24.3M
OFFICE BUILDING
Est. value
$22.0M
INDUSTRIAL (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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Lot
9.95 ac
Current owner
From public records · entity-resolved
Lowell Industrial Ave LLC
Entity
Free & Clear · 1 yrs held
Mailing address
125 HIGH ST STE #220, BOSTON, MA 02110-2737
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2025
—
Lowell Industrial Ave LLC
—
Deed
related
$24,400,000 · Flagstar Bank Fsb
Jun 2, 2025
$30,500,000
Lowell Industrial Ave LLC
Atlantic Oliver II 240 In
Deed
—
Oct 12, 2021
$19,000,000
Atlantic Oliver 2 240 Ave
Rand Whitney Container
Quit Claim Arm's Length For Ne States
$20,765,365 · Centreville Bank
Dec 22, 2020
—
Interstate Container Lwll
—
Deed
related
$12,500,000 · Santander Bank NA
Jan 7, 2010
$1,875,000
Interstate Container LLC
Lowell Industrial LLC
Grant Deed
—
Aug 15, 2005
—
Lowell Industrial LLC
—
Deed Of Trust
related
$22,500,000 · Wachovia Bank NA
Aug 8, 2005
$2,900,000
Lowell Industrial LLC
Pr Interstate Contain LLC
Grant Deed
—
Mar 5, 2001
—
Pr Interstate Containe
—
Deed Of Trust
related
$175,000,000 · Wells Fargo Mortgage
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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