Property profile

585 Pawtucket Blvd Lowell, MA 01854

OFF-MARKET
Office buildings
Property ID
US38-0586515
3,997 SF 0.6 ac lot Built 1971
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

A retail/office building comprising approximately 4,000 square feet of interior space located on a 0.69-acre lot. The property is situated in a retail-oriented area among other retail centers and includes 35 parking spaces to support customer or tenant parking.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1971
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,997 SF
Lot 0.6 ac (26,136 SF)
Zoning code SMU
APN LOWE M:44 B:4540 L:585
UPID US38-0586515

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
  • Travel Agency

Location

585 Pawtucket Blvd Lowell, MA 01854-2020
Lowell metro Census 310601 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

Zoning & alternative use

SMU · Lowell, MA
Zoning description

Suburban Mixed Use District is designed to promote and sustain vibrant commercial activity by encouraging a balanced mix of uses that collectively create a viable market environment for commercial development and expansi…

General category MIXED_USE

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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