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Property profile & analytics
OFF-MARKET
Estimated value
$12,660,000
Retail properties & Spaces
50 Lowes Way Lowell, MA 01851-5016
Entity Owned
16-yr Hold
Free & Clear
Property ID
US38-1140712
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2010
Construction
STEEL FRAME
Total area
123,722 SF
Lot
2.5 ac (108,900 SF)
Zoning code
HRC
APN
LOWE M:128 B:3728 L:50
UPID
US38-1140712
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
-
Lowe's Home Improvement Building Supply Hardware & Home Improvement
-
Minute Key Locksmith (Bike/Boat/Book/etc) Store
-
Installation Services General Contractor
-
Lowe's Garden Center Garden Center
-
Lowe's ProServices Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.70M
Blend (final)
Blend
$12.66M
Owner & transaction history
Tanglewood Invest LP · 16 yrs held
Tanglewood Invest LP
since 2009
2 recorded transactions
Zoning & alternative use
HRC · Lowell, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$20.7M
+9.9%
Industrial (general)
$19.0M
+1.0%
Auto repair, garage
$18.8M
+0.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$18,800,000
Current use
RESTAURANT
$20,660,000
Change: +10% · Conversion: Easy
INDUSTRIAL (GENERAL)
$18,990,000
Change: +1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$18,805,000
Change: +0% · Conversion: Difficult
WAREHOUSE, STORAGE
$17,995,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$16,315,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$12.66M
Range $11.39M – $13.93M · ±10%
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
$102 / 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
$213,847
Tax year 2024
Assessed value
$9,189,800
Assessed 2024
Previous assessed
$8,765,300
+4.8% YoY
Effective rate
2.33%
On assessed value
Assessed land
$603,400
Assessed improvement
$8,586,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2010
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Bathrooms
4
Total area
123,722 SF
Lot
2.5 ac (108,900 SF)
Zoning code
HRC
APN
LOWE M:128 B:3728 L:50
UPID
US38-1140712
Jurisdiction
LOWELL
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
HRC · Lowell, MA
Zoning HRC · permitted uses
HRC · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$18.8M
RESTAURANT
Est. value
$20.7M
INDUSTRIAL (GENERAL)
Est. value
$19.0M
AUTO REPAIR, GARAGE
Est. value
$18.8M
WAREHOUSE, STORAGE
Est. value
$18.0M
OFFICE BUILDING
Est. value
$16.3M
RETAIL STORES Current
RESTAURANT
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
4
Lot
2.5 ac
Current owner
From public records · entity-resolved
Tanglewood Invest LP
Entity
Free & Clear · 16 yrs held
Mailing address
1000 LOWES BLVD, MOORESVILLE, NC 28117-8520
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2009
$23,200,000
Tanglewood Invest LP
Connector Park Hldg LLC
Grant Deed
—
Jan 18, 2005
—
Connector Park Hldg LLC
—
Deed Of Trust
related
$234,750,000 · Fleet National Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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