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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Office buildings
672 Suffolk St, Lowell, MA 01854-3660
Entity Owned
21-yr Hold
Free & Clear
Property ID
US38-0285386
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1862
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,300 SF
Lot
0.14 ac (6,098 SF)
Zoning code
INST
APN
LOWE M:136 B:5560 L:672
UPID
US38-0285386
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
-
Aberthaw Construction Company Inc. Construction Company
-
Northern Middlesex Council of Governments State Government Office
-
Cellero Corporate Office
-
HemaCare Donor Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$799k
Blend (final)
Blend
$865k
Owner & transaction history
Fortune Lowell LLC · 21 yrs held
Fortune Lowell LLC
since 2004
7 recorded transactions
Zoning & alternative use
INST · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$865k
Range $779k – $952k · ±10%
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
$57 / 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
$19,789
Tax year 2024
Assessed value
$850,400
Assessed 2024
Previous assessed
$825,700
+3.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$121,700
Assessed improvement
$728,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1862
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
1
Total area
15,300 SF
Lot
0.14 ac (6,098 SF)
Zoning code
INST
APN
LOWE M:136 B:5560 L:672
UPID
US38-0285386
Jurisdiction
LOWELL
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
INST · Lowell, MA
Zoning INST · permitted uses
INST · 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.
Building & site characteristics
From public records
Year built
1862
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Fortune Lowell LLC
Entity
Free & Clear · 21 yrs held
Mailing address
660 SUFFOLK ST, LOWELL, MA 01854-3636
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2007
—
Fortune Lowell LLC
—
Deed Of Trust
related
$48,000 · Lowell Div Plan & Development
Jul 30, 2004
$375,000
Fortune Lowell LLC
Rogers Prop LLC
Grant Deed
—
Jun 12, 2000
$85,000
Rogers Prop LLC
Primrose Resident II
Grant Deed
$143,100 · Enterprise Bank & Trust
Jun 12, 2000
—
Rogers Prop LLC
—
Deed Of Trust
related
$59,625 · Enterprise Bank & Trust
May 3, 1993
$20,300
Primrose Residential
Colex RT
Grant Deed
—
Dec 11, 1992
$50,000
Colex RT
William J Graham Co Ic
Grant Deed
—
Dec 13, 1991
$130,000
Colex RT
William J Graham Co
Grant Deed
—
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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