Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,155,000
Super regional malls
850 Chelmsford St Lowell, MA 01851-5149
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0898452
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,510 SF
Lot
3.52 ac (153,331 SF)
Zoning code
HRC
APN
LOWE M:128 B:1190 L:850
UPID
US38-0898452
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
-
Serendipity Hair Salon Nail Salon
-
Stephen James Harney Physician
-
Dr. Larisa Turkenich, DMD Dental Office
-
Igreja Universal Church
-
Westaff Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.12M
CAP Approach
CAP
$6.81M
Comparable Approach
Comparable
$4.33M
Blend (final)
Blend
$7.16M
Owner & transaction history
Store Master Funding 26 · 4 yrs held
Store Master Funding 26
since 2022
Last sale
$8.9M
4 recorded transactions
Zoning & alternative use
HRC · 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
$6,840,000
ML approach
$7,120,000
CAP Approach
CAP Return
Estimation
6%
$7,380,000
6.5%
$6,810,000
7%
$6,325,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,235,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,185,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$7.16M
Range $6.44M – $7.87M · ±10% · vs last sale $8.91M (May 13 2022)
Last sale anchor
$8.91M
May 13 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
$318 / 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
$59,069
Tax year 2024
Assessed value
$2,538,400
Assessed 2024
Previous assessed
$2,460,400
+3.2% YoY
Effective rate
2.33%
On assessed value
Assessed land
$755,500
Assessed improvement
$1,782,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
10
Total area
22,510 SF
Lot
3.52 ac (153,331 SF)
Zoning code
HRC
APN
LOWE M:128 B:1190 L:850
UPID
US38-0898452
Jurisdiction
LOWELL
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
HRC · Lowell, MA
Zoning HRC · permitted uses
HRC · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$6.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.2M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
10
Lot
3.52 ac
Current owner
From public records · entity-resolved
Store Master Funding 26
Individual
Mailing address
8377 E HARTFORD DR STE #100, SCOTTSDALE, AZ 85255-5686
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2022
$8,911,536
Store Master Funding 26
Double 9 Property 4 LLC
Warranty Deed
$8,911,536 · Citibank NA
Dec 18, 2001
$43,380
99 Remainder IV LLC
Doe Ft
Grant Deed
$100,000,000 · Worth Funding INC
Dec 18, 2001
$2,546,675
Double 9 Prop IV LLC
Doe Ft
Grant Deed
—
Jun 28, 1991
$775,000
Doe Ft
850 Chelmsford St Corp
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 850 Chelmsford St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
