Property profile

480 Chelmsford St Lowell, MA 01851

OFF-MARKET
Turn key restaurants
Property ID
US38-1372918
2,058 SF 0.46 ac lot Built 1965
Individually Owned 26-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1965
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,058 SF
Lot 0.46 ac (20,038 SF)
Zoning code RR
APN LOWE M:125 B:1190 L:480
UPID US38-1372918

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

480 Chelmsford St Lowell, MA 01851-4447
Lowell metro Census 311700 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 1999
1 recorded transaction
1999
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

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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