Property profile

475 Chelmsford St Lowell, MA 01851

OFF-MARKET
Turn key restaurants
Property ID
US38-0471759
2,054 SF 0.39 ac lot Built 1978
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1978
Construction FRAME
Total area 2,054 SF
Lot 0.39 ac (16,988 SF)
Zoning code RR
APN LOWE M:125 B:1190 L:475
UPID US38-0471759

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

475 Chelmsford St Lowell, MA 01851-4423
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
$800k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$800k

Owner & transaction history

since 2024
Last sale
$800,000
7 recorded transactions
2024
$800,000
2014
Price N/A
2012
Price N/A
2006
$300,000
2005
$340,000
1999
$340,000
1992
Price N/A

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
Top alternative use upside
Neighborhood: shopping center $570,000 +65.9%

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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