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Property profile & analytics
OFF-MARKET
Retail space
602 Lowell St, Methuen, MA 01844-1805
Individually Owned
1-yr Hold
Free & Clear
Property ID
US38-1517824
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Construction
STEEL FRAME
Total area
2,718 SF
Lot
0.81 ac (35,414 SF)
Zoning code
BL
APN
METH M:00318 B:00166 L:00004
UPID
US38-1517824
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
-
Portland Glass of Methuen Hardware & Home Improvement Home Decor Store
-
Rising Stars Academy LLC Daycare Center
-
Jay Gee's Ice Cream and Fun Center Grocery & Convenience Store Specialty Food Shop
-
Massachusetts Best Plumbing Services Hardware & Home Improvement General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Six Zero Two Lowell St Ll · 1 yrs held
Six Zero Two Lowell St Ll
since 2024
Last sale
$500,000
5 recorded transactions
Zoning & alternative use
BL · Methuen, 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 Methuen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Methuen 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,845
Tax year 2024
Assessed value
$468,800
Assessed 2024
Previous assessed
$436,100
+7.5% YoY
Effective rate
2.10%
On assessed value
Assessed land
$267,700
Assessed improvement
$201,100
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1950
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Bathrooms
2
Total area
2,718 SF
Lot
0.81 ac (35,414 SF)
Zoning code
BL
APN
METH M:00318 B:00166 L:00004
UPID
US38-1517824
Jurisdiction
METHUEN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
BL · Methuen, MA
Zoning BL · permitted uses
BL · Methuen, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Methuen. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
2
Lot
0.81 ac
Current owner
From public records · entity-resolved
Six Zero Two Lowell St Ll
Individual
Free & Clear · 1 yrs held
Mailing address
602 LOWELL STA, METHUEN, MA 01844-1805
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Nov 13, 2024
—
Six Zero Two Lowell St Ll
Six Zero Two Lowell St RT
Quitclaim Deed
related
—
Aug 16, 2019
$500,000
602 Lowell Street RT
596 Lowell Street RT
Quit Claim Arm's Length For Ne States
$375,000 · Enterprise Bank & Trust Co
Dec 27, 2012
—
5 Branch Street Rlty LLC
—
Deed Of Trust
related
$34,500,000 · Brookline Savings Bank
Sep 30, 1999
—
North Bank RT
—
Deed Of Trust
related
$162,000 · Lowell Five Cent Savings
Apr 15, 1987
$225,000
James P Jerrett
Smith,dean A
Grant Deed
$180,000 · Shawmut Arlington Tr
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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