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Property profile & analytics
OFF-MARKET
Estimated value
$1,530,000
Turn key restaurants
78 Lakeview Ave Lowell, MA 01850-2361
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1127634
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,865 SF
Lot
0.46 ac (20,038 SF)
Zoning code
UMU
APN
LOWE M:176 B:3455 L:78
UPID
US38-1127634
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
-
Godwin African Market Grocery & Convenience Store Food Market
-
Godwin African Market & Tropical Foods African Goods Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$984k
Blend (final)
Blend
$1.53M
Owner & transaction history
Crest Properties LLC · 4 yrs held
Crest Properties LLC
since 2022
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
UMU · Lowell, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.6M
+65.9%
Apartment house (5+ units)
$1.4M
+38.0%
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
$1,440,000
ML approach
$1,480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$980,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,625,000
Change: +66% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,350,000
Change: +38% · Conversion: Difficult
Blend value · Realmo final
$1.53M
Range $1.38M – $1.68M · ±10% · vs last sale $1.88M (Jun 17 2022)
Last sale anchor
$1.88M
Jun 17 2022
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
$261 / 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
$21,104
Tax year 2024
Assessed value
$906,900
Assessed 2024
Previous assessed
$892,100
+1.7% YoY
Effective rate
2.33%
On assessed value
Assessed land
$179,900
Assessed improvement
$727,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Bathrooms
4
Total area
5,865 SF
Lot
0.46 ac (20,038 SF)
Zoning code
UMU
APN
LOWE M:176 B:3455 L:78
UPID
US38-1127634
Jurisdiction
LOWELL
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
UMU · Lowell, MA
Zoning UMU · permitted uses
UMU · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$980,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
RESTAURANT Current
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Bathrooms
4
Lot
0.46 ac
Current owner
From public records · entity-resolved
Crest Properties LLC
Entity
Mailing address
14 CRST DR, WESTFORD, MA 01886-2432
Ownership since
2022
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
Jun 17, 2022
$1,875,000
Crest Properties LLC
78-90 Lakeview Avenue LLC
Quit Claim Arm's Length For Ne States
$1,330,000 · Washington Savings Bank
Dec 30, 2019
—
78-90 Lakeview Ave LLC
78-90 Lakeview Ave LLC
Quit Claim Deed
related
—
Apr 11, 2017
$525,000
78-90 Lakeview Avenue
Larrys Comics INC
Quit Claim Deed
related
$420,000 · Enterprise Bank & Trust Co
Apr 4, 2011
$5,135
Lowell City Of
Larrys Comic INC
Grant Deed
—
Dec 12, 1995
$85,000
Lawrence J Doherty
Fdic
Grant Deed
$90,000 · Enterprise Bank & Trust
Oct 28, 1994
$89,700
Fdic
Pintal,paul R
Grant Deed
—
Nov 20, 1987
$325,000
Paul R Pintal
Krikorian,wm
Grant Deed
$300,000 · Lowell Inst Svgs Bk
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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