Property profile

491 Dutton St 103 Lowell, MA 01854

OFF-MARKET
Office Spaces
Property ID
US38-0373841
9,500 SF 0.08 ac lot Built 1880
Entity Owned 2-yr Hold
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Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1880
Construction WOOD FRAME
Total area 9,500 SF
Lot 0.08 ac (3,650 SF)
Zoning code UMU
APN LOWE M:139 B:1915 L:491-103
UPID US38-0373841

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
  • Medical Clinic
  • Law Firm
  • Law Firm
  • Publishing House
  • Crisis Center Medical Clinic

Location

491 Dutton St, Unit 103 Lowell, MA 01854-4290
Lowell metro Census 311100 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.39M
CAP Approach CAP
by Request
Comparable Approach Comparable
$923k
Blend (final) Blend
$1.40M

Owner & transaction history

since 2023
Last sale
$1.6M
4 recorded transactions
2023
$1.6M
2004
$450,000
2004
Price N/A
2004
Price N/A

Zoning & alternative use

UMU · Lowell, MA
Zoning description

UMU District promotes the vitality of Lowell historic downtown. The UMU district focuses on revitalizing the commercial areas in the urban neighborhoods near downtown

General category MIXED_USE
Top alternative use upside
Apartment house (5+ units) $2.2M +74.7%
Restaurant $1.6M +26.6%
Industrial (general) $1.5M +16.4%

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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