Property profile

418 Chelmsford St Lowell, MA 01851

OFF-MARKET
Parking lots & garages
Property ID
US38-0568939
10,000 SF 0.23 ac lot Built 1970
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1970
Total area 10,000 SF
Lot 0.23 ac (10,019 SF)
Zoning code RR
APN LOWE M:124 B:1190 L:418
UPID US38-0568939

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

418 Chelmsford St Lowell, MA 01851-4400
Lowell metro Census 311700 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$595k
CAP Approach CAP
by Request
Comparable Approach Comparable
$468k
Blend (final) Blend
$535k

Owner & transaction history

since 2022
Last sale
$700,000
1 recorded transaction
2022
$700,000

Zoning & alternative use

RR · Lowell, MA
Zoning description

Regional Retail districts are designed to promote and strengthen retail and related commercial development at key nodal areas where commercial uses should be specifically emphasized

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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