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Property profile & analytics
OFF-MARKET
Motels

487 Lowell St Methuen, MA 01844-2253

7,902 SF 1.2 ac lot Built 1950
Individually Owned 16-yr Hold ~ Est. High Equity
Property ID
US38-0807340
Property profile
Verified
Property type Motels
Use group MOTEL
Year built 1950
Construction FRAME
Total area 7,902 SF
Lot 1.2 ac (52,272 SF)
Zoning code RB
APN METH M:00418 B:00164 L:00030
UPID US38-0807340
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
  • Passport Inn Methuen, MA Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
P RT · 16 yrs held
P RT
since 2009
3 recorded transactions
2019
Price N/A
2009
$1
1994
Price N/A
Zoning & alternative use
RB · Methuen, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

RB Single-Family Residence Districts. The Single-Family Residence District RB is composed of all those areas so designated on the official zoning map and is served by collector and local streets. RC Single-Family Residence District. The Single-Family Residence District RC is composed of all those areas so designated on the official zoning map. Such areas are…

Zone name Single Residence
General category RESIDENTIAL
Zone area 1,320.38 ac
Source TOWN OF METHUEN, MASSACHUSETTS
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