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Property profile & analytics
OFF-MARKET
Estimated value
$5,210,000
Life science properties
59 Technology Dr, Lowell, MA 01851-2851
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1184471
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1984
Construction
STEEL FRAME
Total area
30,116 SF
Lot
5.67 ac (246,985 SF)
Zoning code
OP
APN
LOWE M:48 B:5648 L:59
UPID
US38-1184471
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
-
Cortron Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.98M
Blend (final)
Blend
$5.21M
Owner & transaction history
59 Technology Drive RT · 4 yrs held
59 Technology Drive RT
since 2022
Last sale
$6.0M
5 recorded transactions
Zoning & alternative use
OP · Lowell, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$8.3M
+70.0%
Apartment house (5+ units)
$6.9M
+41.4%
Restaurant
$5.0M
+2.5%
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
$4,605,000
ML approach
$5,465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL
$4,910,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,345,000
Change: +70% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,940,000
Change: +41% · Conversion: Difficult
RESTAURANT
$5,030,000
Change: +2% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,625,000
Change: -6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,580,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$4,575,000
Change: -7% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,380,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$5.21M
Range $4.69M – $5.73M · ±10% · vs last sale $6.00M (Apr 19 2022)
Last sale anchor
$6.00M
Apr 19 2022
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
$173 / 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
$67,311
Tax year 2024
Assessed value
$2,892,600
Assessed 2024
Previous assessed
$2,630,000
+10.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$526,200
Assessed improvement
$2,366,400
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Bathrooms
4
Total area
30,116 SF
Lot
5.67 ac (246,985 SF)
Zoning code
OP
APN
LOWE M:48 B:5648 L:59
UPID
US38-1184471
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
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
Est. value
$4.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.9M
RESTAURANT
Est. value
$5.0M
INDUSTRIAL (GENERAL)
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.6M
RETAIL STORES
Est. value
$4.6M
WAREHOUSE, STORAGE
Est. value
$4.4M
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1
Buildings
1
Units
2
Bathrooms
4
Lot
5.67 ac
Current owner
From public records · entity-resolved
59 Technology Drive RT
Individual
Mailing address
1900 CROWN COLONY DR STE #405, QUINCY, MA 02169-0980
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2022
$6,000,000
59 Technology Drive RT
59 Technology LLC
Quit Claim Arm's Length For Ne States
$3,750,000 · Middlesex Savings Bank
Mar 27, 2013
—
59 Technoloy LLC
—
Deed Of Trust
related
$1,008,000 · New England Mortgage Corp
Jul 3, 2012
$2,200,000
59 Technology LLC
Suffolk Drum Hill LLC
Quit Claim Arm's Length For Ne States
$1,222,000 · Td Bank NA
Jul 3, 2012
—
59 Technology LLC
—
Deed Of Trust
related
$978,000 · Td Bank NA
Aug 22, 2007
$10,900,000
Suffolk Drum Hill LLC
Bgi Holdings LLC
Grant Deed
$11,330,000 · Bank Of America
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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