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Property profile & analytics
OFF-MARKET
Estimated value
$2,645,000
Super regional malls
35 Lowell St Wilmington, MA 01887-3239
Trust Owned
10-yr Hold
Free & Clear
Property ID
US38-0656193
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,688 SF
Lot
2.51 ac (109,336 SF)
APN
WILM M:0040 L:0000 P:0006
UPID
US38-0656193
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
-
As Good As It Gets Cafe Cafe & Coffee Shop
-
Maxey the Cleaners & Tailoring (Bike/Boat/Book/etc) Store
-
Tender Massage Alternative Medicine Practice Spa & Massage Center
-
Boston Clipper Etc Barber Shop
-
Lin Garden Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.65M
Owner & transaction history
Globe Trust · 10 yrs held
Globe Trust
since 2015
5 recorded transactions
Zoning & alternative use
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 Wilmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilmington 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$134 / 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
$63,731
Tax year 2024
Assessed value
$2,429,700
Assessed 2024
Previous assessed
$2,211,900
+9.8% YoY
Effective rate
2.62%
On assessed value
Assessed land
$878,600
Assessed improvement
$1,551,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
10
Bathrooms
2
Total area
19,688 SF
Lot
2.51 ac (109,336 SF)
APN
WILM M:0040 L:0000 P:0006
UPID
US38-0656193
Jurisdiction
WILMINGTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
10
Bathrooms
2
Lot
2.51 ac
Current owner
From public records · entity-resolved
Globe Trust
Trust
Free & Clear · 10 yrs held
Mailing address
121 LK ST, PEABODY, MA 01960-4716
Ownership since
2015
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
Jul 22, 2015
—
Globe Trust
Zion,david J
Quit Claim Deed
related
—
Jan 27, 1999
$2,150,000
Globe RT
Colonial Data Partners
Grant Deed
$1,050,000 · Northern Bank & Trust
Jan 27, 1999
—
Globe RT
—
Deed Of Trust
related
$120,000 · Zenon Grzybowski
Mar 31, 1998
—
Colonial Data Partners
—
Deed Of Trust
related
$1,016,000 · Salem Five Cents Savings Bank
Mar 17, 1993
—
Colonial Data Ptnrs
—
Deed Of Trust
related
$1,100,000 · First Trade Union Savings 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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