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Property profile & analytics
OFF-MARKET
Estimated value
$215,000
Specialty properties
35 Varnum Ave Lowell, MA 01854-2510
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US38-0228227
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1980
Total area
2,738 SF
Lot
0.78 ac (33,977 SF)
Zoning code
TSF
APN
LOWE M:98 B:5880 L:35
UPID
US38-0228227
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$205k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$215k
Owner & transaction history
House Of Hope INC · 16 yrs held
House Of Hope INC
since 2009
6 recorded transactions
Zoning & alternative use
TSF · Lowell, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Traditional Neighborhood Residential District is designed to preserve, promote, and enhance the pedestrian-scale character of Lowell historic residential neighborhoods, The TSF district emphasizes single-family homes
Zone name
Traditional Neighborhood Single Family
General category
RESIDENTIAL
Zone area
1,498.03 ac
Source
Realmo
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
$205,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$215k
Range $194k – $237k · ±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
$79 / 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
Assessed value
$716,100
Assessed 2024
Previous assessed
$651,500
+9.9% YoY
Assessed land
$133,300
Assessed improvement
$582,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1980
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Rooms
9
Bathrooms
3
Total area
2,738 SF
Lot
0.78 ac (33,977 SF)
Zoning code
TSF
APN
LOWE M:98 B:5880 L:35
UPID
US38-0228227
Jurisdiction
LOWELL
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
TSF · Lowell, MAZoning TSF · permitted uses
TSF · Lowell, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Traditional Neighborhood Residential District is designed to preserve, promote, and enhance the pedestrian-scale character of Lowell historic residential neighborhoods, The TSF district emphasizes single-family homes
Zone name
Traditional Neighborhood Single Family
General category
RESIDENTIAL
Zone area
1,498.03 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1980
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Rooms
9
Bathrooms
3
Lot
0.78 ac
Current owner
From public records · entity-resolved
House Of Hope INC
Entity
Mailing address
812 MERRIMACK ST, LOWELL, MA 01854-3532
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2009
$285,000
House Of Hope INC
Justice Resource Inst INC
Grant Deed
$256,500 · Community Economic
Nov 14, 2001
—
Concord Youth
—
Deed Of Trust
related
$6,900,000 · Chittenden Trust Co
Sep 1, 1993
—
Exchange Lowell Fair
—
Deed Of Trust
related
$166,500 · Enterprise Bank & Trust
Feb 28, 1992
$68,200
Exchange Lowell Fair
Fed Dep Insur Corp
Grant Deed
$68,200 · Enterprise Bank & Trust
Jan 2, 1992
$110,000
Lowell Institution Svg
Mcnamara,james C
Grant Deed
—
Mar 22, 1988
$325,000
James E Mcnamara
Sunny Knoll RT
Grant Deed
$240,000 · Lowell Inst Svgs 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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