Property profile

494 Brg St Lowell, MA 01850

OFF-MARKET
Retail space
Property ID
US38-1010329
5,330 SF 0.63 ac lot Built 1940
Entity Owned 7-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1940
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,330 SF
Lot 0.63 ac (27,443 SF)
Zoning code NB
APN LOWE M:176 B:780 L:494
UPID US38-1010329

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
  • Grocery & Convenience Store
  • (Bike/Boat/Book/etc) Store
  • Locksmith (Bike/Boat/Book/etc) Store
  • Bank Credit Union

Location

494 Brg St Lowell, MA 01850-2419
Lowell metro Census 310400 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$905k
Blend (final) Blend
$780k

Owner & transaction history

since 2019
3 recorded transactions
2019
Price N/A
2005
$1
1987
Price N/A

Zoning & alternative use

NB · Lowell, MA
Zoning description

In NB Districts promote a vibrant business environment in Lowell traditional neighborhood centers that enhances the character of the surrounding neighborhood

General category COMMERCIAL
Top alternative use upside
Apartment house (5+ units) $1.2M +51.6%
Restaurant $890,000 +9.9%
Industrial (general) $820,000 +1.0%

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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