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    Property profile & analytics

    687 Lowell St Ste 3b Methuen, MA 01844-1869

    • Industrial properties
    • 965 SF
    OFF-MARKET
    Value Estimation
    $855,000
    Last Sale
    Jan 25, 2022
    $810,000
    Location Intelligence
    Property ID
    US38-1213353
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Valley Services Inc / Appliance Repair Service / Kitchen Supply Store
    • Demers Plumbing & Heating Inc / Heating Contractor
    • Thermatron Engineering Inc / Engineer
    • NESP / Photographer / Trophy Shop

    Property Details for 687 Lowell St Ste 3b

    Year built
    1989
    Construction
    STEEL FRAME
    Property size
    965 SF
    Zone code
    IL
    Property type
    Industrial properties
    APN
    METH M:00320 B:00165A L:00006E
    APU
    METHM00320B00165AL00006E

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $905,000

    • CAP approach

      CAP return
      Estimation
      6%
      $860,000
      6.5%
      $820,000
      7%
      $825,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $700,000
      Geo Method
      $805,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $800,000
      Retail
      $790,000
      Mixed-Use
      $640,000
      Hospitality
      $760,000
      Educational
      $670,000
      Residential Income
      $730,000
      Energy
      $765,000
      Income-Based Land
      $760,000
      Food Service
      $705,000

    Location Insight

    • Map
    • Local Demand
    City
    Methuen
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.2304
    Latitude
    42.6875
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,226
    $0.00
    $153,600
    $153,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.22 Acres

      Wingate Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 0.22 Acres
      Wingate Ave, Methuen, MA 01844
      View Details
    • Value Estimation by Request
      125,950 SF

      126 Merrimack St Ste, Unit 7

      CONDOMINIUMS (INDUSTRIAL) • 125,950 SF
      126 Merrimack St Ste, Methuen, MA 01844-6109
      View Details
    • Value Estimation
      $350,000
      2,240 SF

      20 Aegean Dr Ste, Unit 9

      CONDOMINIUMS (INDUSTRIAL) • 2,240 SF
      20 Aegean Dr Ste, Methuen, MA 01844-1580
      View Details
    • Value Estimation by Request
      9.75 Acres

      100 Chase St

      INDUSTRIAL (GENERAL) • 9.75 Acres
      100 Chase St, Methuen, MA 01844-3715
      View Details
    • Value Estimation by Request
      32,488 SF

      1 Griffin Brk Dr

      INDUSTRIAL (GENERAL) • 32,488 SF
      1 Griffin Brk Dr, Methuen, MA 01844-1865
      View Details
    • Value Estimation by Request
      172,114 SF

      145 Milk St

      INDUSTRIAL (GENERAL) • 172,114 SF
      145 Milk St, Methuen, MA 01844-4664
      View Details

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      Retail spaces available in a high-traffic shopping center.
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    Methuen, MA 01844-1869
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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