Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    403 Pawtucket St Lowell, MA 01854-3136

    • Residential income homes
    • 4,152 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    $685,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0325863
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 403 Pawtucket St

    Year built
    1880
    Construction
    FRAME
    Lot size
    0.34 lot acres
    Property size
    4,152 SF
    Zone code
    TMF
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    LOWE M:99 B:4550 L:403
    APU
    LOWEM99B4550L403

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $955,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3302
    Latitude
    42.648
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $5,213
    $130,700
    $307,000
    $437,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $960,000
      7,076 SF

      793 Merrimack St

      BOARDING/ROOMING HOUSE • 7,076 SF
      793 Merrimack St, Lowell, MA 01854-3531
      View Details
    • Value Estimation
      $855,000
      6,216 SF

      682 Merrimack St

      BOARDING/ROOMING HOUSE • 6,216 SF
      682 Merrimack St, Lowell, MA 01854-3915
      View Details
    • Value Estimation
      $1,635,000
      12,774 SF

      474 Merrimack St

      BOARDING/ROOMING HOUSE • 12,774 SF
      474 Merrimack St, Lowell, MA 01854-3907
      View Details
    • Value Estimation
      $595,000
      3,368 SF

      426 Fletcher St

      BOARDING/ROOMING HOUSE • 3,368 SF
      426 Fletcher St, Lowell, MA 01854-3410
      View Details
    • Value Estimation
      $1,025,000
      8,160 SF

      611 Merrimack St

      BOARDING/ROOMING HOUSE • 8,160 SF
      611 Merrimack St, Lowell, MA 01854-3908
      View Details
    • Value Estimation by Request
      2,271 SF

      114 Cabot St

      BOARDING/ROOMING HOUSE • 2,271 SF
      114 Cabot St, Lowell, MA 01854-5116
      View Details

    Similar Nearby for Sale

    • $699,999

      Three-Unit Multifamily Near University

      Fully occupied three-unit property near the university.
      118 Lafayette St, Lowell, MA 01854
      View Details
    • $949,000

      Renovated Multi-Family Near UMass Lowell

      Fully renovated five-unit property near UMass Lowell's North Campus.
      75 Bowers St, Lowell, MA 01854
      View Details
    • $775,000

      Well-Maintained Triplex Near UMass Lowell

      Three-family home with long-term tenants and updated features.
      43-45 3Rd Ave, Lowell, MA 01854
      View Details
    • $749,900

      Updated Two-Family Home Near UMASS

      Updated two-family home with strong rental potential in a sought-after neighborhood.
      58-60 2Nd Ave, Lowell, MA 01854
      View Details
    • $617,900

      Updated Two-Family Near University

      Corner lot two-family with updates, near the University of Lowell.
      380 Riverside St, Lowell, MA 01854
      View Details
    • $469,900

      Income-Producing Two-Family Near UMass Lowell

      Two-family property near UMass Lowell with recent updates.
      30 4Th Ave, Lowell, MA 01854
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      4,800 SF

      Lowell Office Space For Lease

      4,700 SF unfinished space with custom build-out opportunity.
      595 Pawtucket Blvd, Lowell, MA 01854
      View Details
    • $1,600 /Mo

      Pawtucketville Commercial Bays For Rent

      Commercial bays in Pawtucketville with easy access and shared restroom.
      277 Pawtucket St, Lowell, MA 01854
      View Details
    • Contact for pricing
      43,908 SF

      Office/Light Manufacturing/Warehouse Facility For Rent

      Three-story office/light manufacturing/warehouse facility near I-495 and Route 3.
      1001 Pawtucket Blvd, Lowell, MA 01854
      View Details
    • $1,200 /Mo
      1,680 SF

      Updated Retail Space Available

      Renovated retail space with high traffic near UMass campus.
      198 University Ave, Lowell, MA 01854
      View Details
    • $12 SF/Yr

      New Retail and Office Opportunity

      New retail and office spaces available in Lowell, MA.
      408 Suffolk St, Lowell, MA 01854
      View Details
    • Contact for pricing
      29,607 SF

      Renovated Office Space in Lowell

      Historic mill with modern amenities and high-tech capabilities.
      650 Suffolk St, Lowell, MA 01854
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    403 Pawtucket St
    Lowell, MA 01854-3136
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.