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Property profile & analytics
OFF-MARKET
Estimated value
$1,865,000
Assisted living facilities
476 Varnum Ave, Lowell, MA 01854-2122
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-1163875
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1966
Construction
FRAME
Total area
50,083 SF
Lot
3.27 ac (142,441 SF)
Zoning code
SSF
APN
LOWE M:55 B:5880 L:476
UPID
US38-1163875
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
-
Fairhaven Healthcare Center for Rehabilitation and Nursing Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$1.87M
Owner & transaction history
476 Varnum LLC · 3 yrs held
476 Varnum LLC
since 2022
Last sale
$2.1M
6 recorded transactions
Zoning & alternative use
SSF · Lowell, 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 Lowell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lowell 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
$1,640,000
ML approach
$1,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.87M
Range $1.68M – $2.05M · ±10% · vs last sale $2.14M (Aug 5 2022)
Last sale anchor
$2.14M
Aug 5 2022
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
$37 / 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
$105,481
Tax year 2024
Assessed value
$4,532,900
Assessed 2024
Previous assessed
$5,362,900
-15.5% YoY
Effective rate
2.33%
On assessed value
Assessed land
$1,162,000
Assessed improvement
$3,370,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1966
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Rooms
68
Bathrooms
36
Total area
50,083 SF
Lot
3.27 ac (142,441 SF)
Zoning code
SSF
APN
LOWE M:55 B:5880 L:476
UPID
US38-1163875
Jurisdiction
LOWELL
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
SSF · Lowell, MA
Zoning SSF · permitted uses
SSF · Lowell, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lowell. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Rooms
68
Bathrooms
36
Lot
3.27 ac
Current owner
From public records · entity-resolved
476 Varnum LLC
Entity
Mailing address
1800 ROCKAWAY AVE STE #200, HEWLETT, NY 11557-1668
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2022
$2,137,500
476 Varnum LLC
Fairhaven Healthcare Ctr
Quit Claim Arm's Length For Ne States
$5,643,750 · Bankwell Bank
Mar 18, 2010
$1
Fairhaven Healthcare Ctr
Adventcare INC
Grant Deed
—
Oct 25, 2007
$18,480,000
Adventcare INC
Fairhaven Health Sys I
Deed
$2,240,000 · Bank Of Ny Mtg Co INC
Jul 2, 2002
—
Fairhaven Health Sys
—
Deed Of Trust
related
$2,000,000 · Citizens Bank Of Ma
Feb 1, 2000
—
Fairhaven Health Syst
—
Deed Of Trust
related
$1,000,000 · Zenon Grzybowski
Feb 1, 2000
$2,750,000
Fairhaven Health Syst
Fairhaven Nursing Home
Grant Deed
related
$1,850,000 · Gmac Mortgage Corp Pa
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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