Property profile

847 Rogers St Lowell, MA 01852

FOR LEASE
Office buildings
Property ID
US38-0227900
55,960 SF 2.69 ac lot Built 1984
Entity Owned 15-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 9,444+ square foot medical office space is available for lease at 847 Rogers Street in Lowell, Massachusetts. Situated on the second floor of a two-story, 55,960 square foot Class B building, this single-tenant suite offers convenient elevator access. The current configuration includes a welcoming reception area, private offices with perimeter windows providing ample natural light, and a flexible open area ideal for cubicles or workstations. The building itself, constructed in 1984 and situated on a 2.69-acre lot, boasts convenient loading docks and one elevator. This well-maintained property enjoys a prime location, offering easy access to major roadways including Route 38 and I-495, placing it near the Lowell and Tewksbury town lines. The building currently houses established tenants, Tufts Medicine and Fresenius Kidney Care, underscoring its desirability and strong location. This space presents a fantastic opportunity for medical practices seeking a well-appointed, conveniently located office in a thriving area. The layout is adaptable to various medical specialties and offers a professional environment for staff and patients alike. The building's amenities and strategic location combine to create a highly desirable and functional workspace.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1984
Construction STEEL FRAME
Total area 55,960 SF
Lot 2.69 ac (117,176 SF)
Zoning code OP
APN LOWE M:254 B:5045 L:847
UPID US38-0227900

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
  • Home Health Care Service Hospice
  • Physician Medical Clinic
  • Association / Organization
  • Factory Production Facility

Location

847 Rogers St Lowell, MA 01852
Lowell metro Census 312300 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
by Request
Blend (final) Blend
$3.81M

Owner & transaction history

since 2010
5 recorded transactions
2010
$2.5M
2004
Price N/A
2004
$5.3M
2003
Price N/A
1997
$3.2M

Zoning & alternative use

OP · Lowell, MA
Zoning description

The OP district is designed to promote research and development as well as general office uses

General category OPEN_SPACE

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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