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Property profile & analytics
OFF-MARKET
Estimated value
$7,895,000
Industrial properties
55 Technology Dr, Lowell, MA 01851-5203
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-1603559
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1984
Construction
STEEL FRAME
Total area
87,944 SF
Lot
7.17 ac (312,325 SF)
Zoning code
OP
APN
LOWE M:48 B:5648 L:55
UPID
US38-1603559
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
-
Siemens Engineer Engineering Consultant
-
Contract Logix, LLC (Bike/Boat/Book/etc) Store Corporate Office
-
Greater Lowell Health Alliance Charitable Organization Social Service Agency
-
Developmental Services Social Service Agency Charitable Organization
-
Massachusetts Rehabilitation Commission Rehabilitation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.44M
CAP Approach
CAP
$7.75M
Comparable Approach
Comparable
$6.03M
Blend (final)
Blend
$7.90M
Owner & transaction history
Legacy Tech LLC · 6 yrs held
Legacy Tech LLC
since 2020
Last sale
$7.6M
4 recorded transactions
Zoning & alternative use
OP · Lowell, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$8,200,000
ML approach
$8,435,000
CAP Approach
CAP Return
Estimation
6%
$8,390,000
6.5%
$7,745,000
7%
$7,190,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,790,000
Change: -5% · Conversion: Easy
OFFICE BUILDING
$11,595,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$7.90M
Range $7.11M – $8.68M · ±10% · vs last sale $7.55M (Mar 27 2020)
Last sale anchor
$7.55M
Mar 27 2020
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
$90 / 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
$154,010
Tax year 2024
Assessed value
$6,618,400
Assessed 2024
Previous assessed
$6,023,900
+9.9% YoY
Effective rate
2.33%
On assessed value
Assessed land
$1,236,800
Assessed improvement
$5,381,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
5
Bathrooms
4
Total area
87,944 SF
Lot
7.17 ac (312,325 SF)
Zoning code
OP
APN
LOWE M:48 B:5648 L:55
UPID
US38-1603559
Jurisdiction
LOWELL
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
OP · Lowell, MA
Zoning OP · permitted uses
OP · 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
WAREHOUSE, STORAGE
Est. value
$12.8M
OFFICE BUILDING
Est. value
$11.6M
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
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
5
Bathrooms
4
Lot
7.17 ac
Current owner
From public records · entity-resolved
Legacy Tech LLC
Entity
Mailing address
107 AUDUBON RD STE #2, WAKEFIELD, MA 01880-1245
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2020
$12,975,000
Legacy Tech LLC
55 Technology Drive LLC
Quit Claim Deed
$8,750,000 · Woodmen/the World
Mar 27, 2017
$7,552,500
55 Technology Drive Ll
Nv 55 Technology Dr Ll
Quit Claim Arm's Length For Ne States
$10,775,000 · Needham Cooperative Bank
Jan 11, 2012
$5,250,000
Nv 10 Technology Dr LLC
Nordblom,peter C
Grant Deed
$8,000,000 · Gary Needham
Mar 19, 1998
—
Drum Hill Bldg 8 Assoc
—
Deed Of Trust
related
$3,640,000 · Gary Needham
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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