Mixed-Use Retail and
For Sale
$695,000
Pending
525 Chelmsford St, Lowell, MA 01851
Residential Income, Lowell, MA
Property Size3,774 SF
Lot Size0.25 Acres
Days on Market267
Property Features for 525 Chelmsford St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
TTF
Parking
16
Elementary school
Lps
Middle school
Lps
High school
Lps, Gltech, Iacs
Directions
From the Lowell Connector, take Plain St exit, cross Chelmsford and park behind bldg on 25 Plain St
Subdivision
Highlands
Standard status
Pending
APN
M:125 B:1190 L:525,3184202
Size
3,774 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10064
Building Details
Year built
1920
Floors in Building
4
Number of units
3
Listing Agency:
RE/MAX Innovative Properties · RE/MAX International
(978) 452-4432
Listed By:
Joshua Naughton · License #9026126
(603) 434-4101
Added: Dec 7, 2025
Changed: Aug 24
Last Checked: Aug 31 at 3:06AM
MLS# 73460680
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property in Lowell offers two ground-level retail storefronts and a residential unit on the same site. The second floor is unfinished, providing room to expand depending on how you plan to use the space. The residential portion is described as a spacious 4-5 bedroom layout with large bedrooms and a flexible floor plan, suited to an owner-occupant or use as an additional rental.
The building includes off-street parking for up to 10+ vehicles, along with a carport on the Plain Street side. The retail component is positioned for street-facing presence along Chelmsford Street, supported by the offering’s stated strong visibility.
For tenants, buyers, and investors, the configuration supports multiple operating models: small business retail use on the ground floor while keeping the residence on-site, or leasing the mixed-use footprint to generate income from both components. With the unfinished second level, operators also have a path to add usable space subject to permitting and build-out decisions. Zoning is listed as TTF, and the property is presented as a single-site mixed-use opportunity.
The building includes off-street parking for up to 10+ vehicles, along with a carport on the Plain Street side. The retail component is positioned for street-facing presence along Chelmsford Street, supported by the offering’s stated strong visibility.
For tenants, buyers, and investors, the configuration supports multiple operating models: small business retail use on the ground floor while keeping the residence on-site, or leasing the mixed-use footprint to generate income from both components. With the unfinished second level, operators also have a path to add usable space subject to permitting and build-out decisions. Zoning is listed as TTF, and the property is presented as a single-site mixed-use opportunity.
Key Highlights
- Mixed‑use property featuring commercial space and a large residential unit.
- Two retail storefronts boast high street visibility and traffic on Chelmsford Street.**
- Off‑street parking for 10+ vehicles plus a carport.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,497
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,249,940
$1.2M
Cap Rate 7%
$892,814
$892.8K
Cap Rate 9%
$694,411
$694.4K
Market Conditions
NOI Build-Up for 3,774 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$108.7K $28.80/SF
− Vacancy
−$8.7K −$2.30/SF
EGI
$100.0K $26.50/SF
− OpEx
−$37.5K −$9.94/SF
NOI
$62.5K $16.56/SF
Area
Lowell, MA
Vacancy
8.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,249,940
Cap Rate 7%
$892,814
Cap Rate 9%
$694,411
Alternative Uses
Best Use
Apartment 5plus
$961.7K
$841.5K – $1.12M
NOI $67,322 @ 7.0% cap · market cap 9.69%
Second Best
Mixed Use
$892.8K
$781.2K – $1.04M
NOI $62,497 @ 7.0% cap · market cap 8.99%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,982 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
819
Businesses Nearby
Explore this area
Business Placement
Demographics for 01851, MA
32,691
Population
11,759
Households
2.8
Avg Household Size
34
Median Age
32%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
10,216
Density / Sq Mi
$87,962
Median Household Income
$46,388
Median Earnings
$1,686
Median Rent
$432,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two ground-floor retail storefronts plus an on-site residential unit, with an unfinished second floor for expansion.
Where is this mixed-use property located?
The property is located at 525 Chelmsford St Lowell, MA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Mixed‑use property featuring commercial space and a large residential unit.; Two retail storefronts boast high street visibility and traffic on Chelmsford Street.**; Off‑street parking for 10+ vehicles plus a carport.
