Property profile

504 Merrimack St Lowell, MA 01854

OFF-MARKET
Retail space
Property ID
US38-0141734
5,544 SF 0.11 ac lot Built 1940
Individually Owned 8-yr Hold ~ Est. High Equity
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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 5,544 SF
Lot 0.11 ac (4,792 SF)
Zoning code UMU
APN LOWE M:137 B:4060 L:504
UPID US38-0141734

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
  • (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Location

504 Merrimack St Lowell, MA 01854-3909
Lowell metro Census 388300 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$694k
Blend (final) Blend
$310k

Owner & transaction history

since 2017
6 recorded transactions
2017
$338,000
2010
$328,000
2010
$350,000
2006
Price N/A
2005
Price N/A
1996
$180,000

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
Restaurant $925,000 +9.9%
Industrial (general) $850,000 +1.0%
Auto repair, garage $845,000 +0.0%

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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