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    Property profile & analytics
    OFF-MARKET Estimated value $570,000
    Auto shops

    397 School St, Lowell, MA 01851-1308

    2,854 SF 0.13 ac lot Built 1960
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US38-1759485
    Property summary
    AI-generated overview

    This free-standing automotive repair garage, located at 397 School Street in Lowell, MA, offers a fantastic opportunity for a business seeking a well-situated space. The property encompasses approximately 2,854 square feet, distributed across two floors: 2,196 square feet on the ground floor and an additional 658 square feet on the second floor. Situated on a 0.13-acre lot, the building features a convenient 12-foot overhead garage door, perfect for accommodating vehicles and equipment. A fenced-in yard provides ample secure outdoor space for storage or additional operations. The property benefits from excellent visibility due to its location on the heavily trafficked School Street, ensuring high exposure to potential customers. This single-tenancy industrial warehouse is ideal for automotive repair businesses or similar operations requiring a blend of indoor and outdoor space. The property's size, features, and location combine to create a compelling opportunity for a business seeking to establish or expand its operations in a thriving area. Interested parties are encouraged to inquire for further details.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1960
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 2,854 SF
    Lot 0.13 ac (5,663 SF)
    Zoning code TMU
    APN LOWE M:120 B:5240 L:397
    UPID US38-1759485
    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
    • Saem's Auto Services Center Auto Repair Shop
    • Tepsena Auto Repair Auto Repair Shop Vehicle Inspection Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $530k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $403k
    Blend (final) Blend
    $570k
    Owner & transaction history
    Da Investments Lowell LLC · 3 yrs held
    Da Investments Lowell LLC
    since 2022
    Last sale
    $600,000
    3 recorded transactions
    2022
    $600,000
    2001
    $90,000
    1999
    $18,000
    Zoning & alternative use
    TMU · Lowell, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Neighborhood: shopping center $790,000 +82.3%
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