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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Showrooms
31 Westford St Lowell, MA 01851-1919
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US38-1873367
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1930
Construction
FRAME
Total area
7,456 SF
Lot
0.37 ac (16,117 SF)
Zoning code
UMU
APN
LOWE M:141 B:6285 L:31
UPID
US38-1873367
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 Redemption Recycling Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$440k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$664k
Blend (final)
Blend
$510k
Owner & transaction history
Joe Lee · 2 yrs held
Joe Lee
since 2023
Last sale
$525,000
7 recorded transactions
Zoning & alternative use
UMU · 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
$405,000
ML approach
$440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $525k (Dec 4 2023)
Last sale anchor
$525k
Dec 4 2023
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
$68 / 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
$13,034
Tax year 2024
Assessed value
$560,100
Assessed 2024
Previous assessed
$560,100
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$151,800
Assessed improvement
$408,300
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
1930
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
3
Bathrooms
1
Total area
7,456 SF
Lot
0.37 ac (16,117 SF)
Zoning code
UMU
APN
LOWE M:141 B:6285 L:31
UPID
US38-1873367
Jurisdiction
LOWELL
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
UMU · Lowell, MA
Zoning UMU · permitted uses
UMU · 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.
Building & site characteristics
From public records
Year built
1930
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
3
Bathrooms
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Joe Lee
Individual
Free & Clear · 2 yrs held
Mailing address
1296 MIDDLESEX ST, LOWELL, MA 01851-1242
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2023
—
Joe Lee
Lowell City Of
Redemption Deed
related
—
Sep 1, 2021
—
Joe Lee
—
Deed
related
$905,000 · Middlesex Fsla
Apr 29, 2021
—
Joe Lee
—
Deed
related
$150,000 · Middlesex Fsla
Feb 15, 2019
—
Joe Lee
—
Deed
related
$750,000 · Savings Bk
Dec 20, 2017
$525,000
Joe Lee
Btgog LLC
Quit Claim Deed
$420,000 · Sunshine Realty & Inves
May 9, 2017
—
Btgog LLC
Jaf 27 LLC
Quit Claim Deed
related
—
May 9, 2017
$425,000
Jaf 27 LLC
Famb Trust
Quit Claim Deed
$375,000 · Famb Realty Tr (ct)
Feb 19, 2016
$335,000
Famb Trust
Arjr LLC
Quit Claim Deed
—
Apr 29, 2004
—
C RT
—
Deed Of Trust
related
$234,000 · Worth Funding INC
Apr 21, 2004
$1
Marget,charles S Tr
Mgm RT
Grant Deed
related
—
—
—
Joe Lee
—
Deed Of Trust
related
$750,000 · Savings 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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