Property profile

703 Chelmsford St Lowell, MA 01851

OFF-MARKET
Office buildings
Property ID
US38-0445972
861 SF 0.04 ac lot Built 1930
Trust Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1930
Construction FRAME
Total area 861 SF
Lot 0.04 ac (1,742 SF)
Zoning code TMU
APN LOWE M:127 B:1190 L:703
UPID US38-0445972

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
  • Insurance Agency
  • Insurance Agency

Location

703 Chelmsford St Lowell, MA 01851-5102
Lowell metro Census 311600 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$215k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k

Owner & transaction history

since 2017
5 recorded transactions
2017
$146,000
2016
$100,000
2008
$1
2002
Price N/A
2002
$110,000

Zoning & alternative use

TMU · Lowell, MA
Zoning description

The TMU district is designed to promote a mix of residential and retail uses in secondary areas

General category MIXED_USE

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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