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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Office Spaces
33 Bartlett St 3-5, Lowell, MA 01852-1334
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0455253
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,672 SF
Zoning code
DMU
APN
LOWE M:199 B:415 L:33 U:3-5
UPID
US38-0455253
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
-
Outpatient Recovery Services at Lowell General Hospital Bridge Clinic Medical Clinic
-
Lowell, Nashua & Chelmsford Oral Surgery: Thomas A. Trowbridge, DDS MD Dental Office
-
Lowell & Nashua Oral Surgery AND Chelmsford Oral Surgery: Diamantis Sotirios DMD MD Dental Office
-
Esbah Hamid R DDS Dental Office
-
Merrimack Valley Oral Surgeons Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$905k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$605k
Blend (final)
Blend
$765k
Owner & transaction history
Romanowsky Hldg LLC · 4 yrs held
Romanowsky Hldg LLC
since 2021
Last sale
$800,000
5 recorded transactions
Zoning & alternative use
DMU · Lowell, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.0M
+110.1%
Auto repair, garage
$560,000
+15.3%
Retail stores
$545,000
+13.0%
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
$810,000
ML approach
$905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$485,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,015,000
Change: +110% · Conversion: Difficult
AUTO REPAIR, GARAGE
$560,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$545,000
Change: +13% · Conversion: Moderate
WAREHOUSE, STORAGE
$535,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $800k (Dec 21 2021)
Last sale anchor
$800k
Dec 21 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
$208 / 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
$13,057
Tax year 2024
Assessed value
$561,100
Assessed 2024
Previous assessed
$544,100
+3.1% YoY
Effective rate
2.33%
On assessed value
Assessed improvement
$561,100
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
5
Total area
3,672 SF
Zoning code
DMU
APN
LOWE M:199 B:415 L:33 U:3-5
UPID
US38-0455253
Jurisdiction
LOWELL
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
DMU · Lowell, MA
Zoning DMU · permitted uses
DMU · 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
OFFICE BUILDING Current
Est. value
$485,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$560,000
RETAIL STORES
Est. value
$545,000
WAREHOUSE, STORAGE
Est. value
$535,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
5
Buildings
1
Current owner
From public records · entity-resolved
Romanowsky Hldg LLC
Entity
Mailing address
33 BARTLETT ST STE #206, LOWELL, MA 01852-1317
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2021
$800,000
Romanowsky Hldg LLC
Stephen J Travers
Condominium Deed
$400,000 · Enterprise Bank & Trust Co
Apr 30, 2008
$1
David A Malins
Malins,david A
Grant Deed
related
—
Mar 26, 2008
—
David A Malins
—
Deed Of Trust
related
$525,000 · Lowell Capital Bank
Feb 28, 2002
—
Stephen J Travers
—
Deed Of Trust
related
$526,000 · Enterprise Bank & Trust
Aug 7, 1997
—
Weiner Travers
—
Deed Of Trust
related
$526,000 · Family 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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