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Property profile & analytics
OFF-MARKET
Estimated value
$5,145,000
Individual retail properties
371 Lowell Ave Haverhill, MA 01832-3618
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1405970
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1969
Construction
STEEL FRAME
Total area
20,353 SF
Lot
1.6 ac (69,696 SF)
Zoning code
TY
APN
HAVE M:0569 B:00002 L:3
UPID
US38-1405970
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
-
Planet Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.15M
Owner & transaction history
371 Lowell Avenue LLC · 4 yrs held
371 Lowell Avenue LLC
since 2022
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
TY · Haverhill, 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 Haverhill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Haverhill 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
$5,750,000
ML approach
$5,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,505,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$5.15M
Range $4.63M – $5.66M · ±10% · vs last sale $4.54M (Nov 8 2021)
Last sale anchor
$4.54M
Nov 8 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
$253 / 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
$39,399
Tax year 2024
Assessed value
$2,036,100
Assessed 2024
Previous assessed
$1,947,800
+4.5% YoY
Effective rate
1.94%
On assessed value
Assessed land
$1,010,600
Assessed improvement
$1,025,500
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1969
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
6
Total area
20,353 SF
Lot
1.6 ac (69,696 SF)
Zoning code
TY
APN
HAVE M:0569 B:00002 L:3
UPID
US38-1405970
Jurisdiction
HAVERHILL
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
TY · Haverhill, MA
Zoning TY · permitted uses
TY · Haverhill, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Haverhill. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$4.5M
OFFICE BUILDING
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
1969
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
6
Lot
1.6 ac
Current owner
From public records · entity-resolved
371 Lowell Avenue LLC
Entity
Mailing address
PO BOX 990009, BOSTON, MA 02199-0009
Ownership since
2022
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
Feb 3, 2022
—
371 Lowell Avenue LLC
Kyle W Nagel
Other
—
Nov 8, 2021
$4,536,000
371 Lowell Avenue LLC
371 Lowell Ave Rlty LLC
Quit Claim Arm's Length For Ne States
—
Nov 26, 2019
—
171 Lowell Ave Realty LLC
1 Lowell Avenue RT
Quit Claim Deed
related
$2,000,000 · Td Bank NA
Jul 24, 2002
—
371 Lowell Ave Rlty
—
Deed Of Trust
related
$950,000 · Banknorth NA
Jun 25, 1998
—
371 Lowell Ave RT
—
Deed Of Trust
related
$750,000 · Fleet National Bank
Nov 14, 1996
—
Big League Entertainme
—
Deed Of Trust
related
$850,000 · Pentucket Five Cents
Jun 26, 1995
$750,000
371 Lowell Ave RT
Lawrence Sb
Grant Deed
$600,000 · Lawrence Savings Bank
Oct 1, 1993
$850,000
Lawrence Sb
Haverhill Cinema INC
Grant Deed
—
Jul 7, 1992
$56,500
Lawrence Sb
Nardone,philip A
Grant Deed
—
Feb 27, 1992
$31,000
Anita Arthur
Lawrence Sb
Grant Deed
—
May 9, 1988
—
Haverhill Cinema INC
—
Deed Of Trust
related
$1,000,000 · Lawrence 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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