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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Turn key restaurants
369 Broadway St Lowell, MA 01854-4101
Entity Owned
20-yr Hold
Property ID
US38-0987033
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2008
Construction
STEEL FRAME
Total area
4,989 SF
Lot
0.15 ac (6,534 SF)
Zoning code
UMU
APN
LOWE M:118 B:795 L:369
UPID
US38-0987033
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
-
China Star Restaurant Restaurant
-
Lowell Asian Bakery and Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$495k
Blend (final)
Blend
$560k
Owner & transaction history
Mass PC Svcs INC · 20 yrs held
Mass PC Svcs INC
since 2005
6 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$835,000
Current use
AUTO REPAIR, GARAGE
$760,000
Change: -9% · Conversion: Difficult
RETAIL STORES
$760,000
Change: -9% · Conversion: Easy
WAREHOUSE, STORAGE
$725,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$112 / 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
$19,214
Tax year 2024
Assessed value
$825,700
Assessed 2024
Previous assessed
$785,700
+5.1% YoY
Effective rate
2.33%
On assessed value
Assessed land
$124,300
Assessed improvement
$701,400
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2008
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
18
Bathrooms
6
Total area
4,989 SF
Lot
0.15 ac (6,534 SF)
Zoning code
UMU
APN
LOWE M:118 B:795 L:369
UPID
US38-0987033
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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$760,000
RETAIL STORES
Est. value
$760,000
WAREHOUSE, STORAGE
Est. value
$725,000
RESTAURANT Current
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
2008
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
18
Bathrooms
6
Lot
0.15 ac
Current owner
From public records · entity-resolved
Mass PC Svcs INC
Entity
Mailing address
38 WILLIE ST, LOWELL, MA 01854-4118
Ownership since
2005
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
Sep 7, 2007
—
Mass PC Svcs INC
—
Deed Of Trust
related
$810,000 · Enterprise Bank & Trust
Jul 22, 2005
$380,000
Mass PC Svcs INC
James R Banyas JR
Deed
$210,500 · Td Banknorth Mtg Grp
Feb 25, 2005
$285,000
James R Banyas JR.
C&a RT
Grant Deed
$150,000 · Silva Bros Investment INC
Oct 28, 2003
$165,000
C RT
Beaulieu,richard
Grant Deed
—
Oct 7, 2002
—
Richard Beaulieu
—
Deed Of Trust
related
$80,000 · Ernest Nasif
Jan 13, 1994
$100,000
Richard Beaulieu
Furtado,edward J
Grant Deed
$115,000 · Zenon Grzybowski
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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