Industrial properties in Lowell

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Lowell industrial property sold prices and values

Values and sold prices (last 24 months) United States Massachusetts Lowell
Average price/sqft $3,991 $152 $317
Median price/sqft $62 $73 $70
Average sold price $3,211,942 $3,174,510 $9,440,243
Median sold price $485,452 $701,805 $787,500
Number of sales 72,890 1,589 26
Number of sales over $250k 46,916 1,196 21
Number of sales over $1m 25,542 664 5
Number of sales over $10m 4,150 109 --
Average total tax amount $23,743 $39,641 $41,814
Average assessed value $1,020,724 $1,778,426 $1,462,542
Average market value $1,070,888 -- --

Lowell industrial property property averages

Property averages United States Massachusetts Lowell
Average lot size 389,328 sf 206,107 sf 92,346 sf
Median lot size 45,258 sf 66,969 sf 30,835 sf
Average building area 3,161 sf 124 sf 94 sf
Median building area 35 sf 39 sf 34 sf
Median year built 1980 1976 1973
Average number of units 9 3 1
Median number of units -- -- --

Lowell industrial property total supply

Supply United States Massachusetts Lowell
Number of parcels 1,177,107 20,952 266
Aggregate lot acerage 12,423,920 62,314 284
Aggregate building area 1,186,810,747 sf 1,360,106 sf 12,566 sf
Aggregate units 1,582,980 43,109 254

Lowell industrial property industrial mortgages

Debt United States Massachusetts Lowell
Number of mortgages 1,529,202 42,006 409
Average value of mortgages $15,243,245 $3,962,307 $3,778,231

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