Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,485,000
Specialty properties
983 Varnum Ave Lowell, MA 01854
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-1777456
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1960
Total area
71,911 SF
Lot
31.55 ac (1,374,318 SF)
Zoning code
SSF
APN
LOWE M:30 B:5880 L:983
UPID
US38-1777456
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.30M
Blend (final)
Blend
$4.49M
Owner & transaction history
Dyouville Elderly Corp · 18 yrs held
Dyouville Elderly Corp
since 2008
1 recorded transaction
Zoning & alternative use
SSF · Lowell, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Suburban Neighborhood Residential Districts are designed to preserve, promote, and enhance the neighborhood character of Lowell newer residential areas. The SSF district emphasizes single family homes
Zone name
Suburban Neighborhood Single Family
General category
RESIDENTIAL
Zone area
3,162.26 ac
Source
Realmo
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.49M
Range $4.04M – $4.93M · ±10%
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
$62 / 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
Assessed value
$10,254,300
Assessed 2024
Previous assessed
$9,828,600
+4.3% YoY
Assessed land
$606,900
Assessed improvement
$9,647,400
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1960
Heating
HOT WATER
Cooling
YES
Buildings
4
Units
42
Total area
71,911 SF
Lot
31.55 ac (1,374,318 SF)
Zoning code
SSF
APN
LOWE M:30 B:5880 L:983
UPID
US38-1777456
Jurisdiction
LOWELL
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
SSF · Lowell, MAZoning SSF · permitted uses
SSF · Lowell, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Suburban Neighborhood Residential Districts are designed to preserve, promote, and enhance the neighborhood character of Lowell newer residential areas. The SSF district emphasizes single family homes
Zone name
Suburban Neighborhood Single Family
General category
RESIDENTIAL
Zone area
3,162.26 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1960
Heating
HOT WATER
Cooling
Yes
Buildings
4
Units
42
Lot
31.55 ac
Current owner
From public records · entity-resolved
Dyouville Elderly Corp
Entity
Mailing address
977 VARNUM AVE, LOWELL, MA 01854-1913
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2008
—
Dyouville Elderly Corp
—
Deed Of Trust
related
$5,691,000 · Dyouville Elderl Corp
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 983 Varnum Ave?
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.
