Property profile

650 Suffolk St Lowell, MA 01854

OFF-MARKET
Office buildings
Property ID
US38-0951608
147,760 SF 1.9 ac lot Built 1884
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property consists of the historically significant Wannalancitt Mills textile mill complex located in downtown Lowell, adjacent to the UMASS Lowell campus. The complex includes four interconnected buildings totaling more than 280,000 square feet and is configured to support modern office use and high-tech manufacturing use. Interior features include 12-foot high ceilings, exposed brick and wooden beam elements, and oversized operable windows providing natural light. The buildings have undergone renovations intended to support contemporary occupancy requirements while retaining historic character. Common amenities described for the complex include on-site dining options, a fitness center with lockers and showers, covered parking, and walking trails along the Merrimack River.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1884
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 147,760 SF
Lot 1.9 ac (82,764 SF)
Zoning code INST
APN LOWE M:136 B:5560 L:650
UPID US38-0951608

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
  • Physician
  • Business Service Center Corporate Office
  • Counselor Doctor
  • Pharmacy
  • Environmental Consultant

Location

650 Suffolk St Lowell, MA 01854-3642
Lowell metro Census 388300 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.34M
Blend (final) Blend
$6.43M

Owner & transaction history

since 2015
5 recorded transactions
2025
Price N/A
2015
Price N/A
2006
Price N/A
2003
Price N/A
1996
$2.5M

Zoning & alternative use

INST · Lowell, MA
Zoning description

The institutional mixed-use district is designed to capitalize on the development potential of the major institutional campuses in the City, while also serving to contain the impact of these campuses within designated ar…

General category CIVIC_INSTITUTIONAL

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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