Flex and Warehouse
For Sale
$995,000
20-26 Howard St, Lowell, MA 01851
Two well-maintained commercial buildings offer separate flex and warehouse-ready spaces, including garage bays and parking.
Property Size5,351 SF
Price / SF$185.95
Days on Market129
Property Features for 20-26 Howard St
General Information
Standard status
Active
Size
5,351 SF
Total Parking Spaces
10
Property subtype
Commercial
Zoning
Commercial
Additional Details
Service Bays
2
Taxes and HOA fees
Annual Taxes
$11,412
Building Details
Building Size
5,351 SF
Year Built
1988
Listing Agency:
Real Broker MA, LLC
(855) 450-0442
Listed By:
Wai Yi Sammi Ng · License #448552045
(617) 833-8856
Source:
Churchillprop
Added: Jun 2
Changed: Oct 6
Last Checked: Oct 7 at 9:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker MA, LLC
Investment Insights
Based on property information with market context.
The property consists of two well-maintained commercial buildings built in 1988. 20 Howard St includes two separate spaces, each currently rented, with a garage bay, office area, and a half bath on the upper level. 26 Howard St is vacant and features a large garage bay, an expansive work area, 1.5 baths, and a full kitchen with washer/dryer hookups. This building also includes gas forced hot air heating, central A/C, and strong insulation.
On-site parking includes a parking lot sized to accommodate approximately 10 vehicles, along with additional off-street parking. The configuration and garage bays support a wide range of flex and warehouse-oriented uses for owner-users, contractors, storage, automotive use, and similar applications.
Overall, the asset provides a two-building setup with distinct space layouts, including office and restroom facilities in one building and a more open, work-focused arrangement with enhanced utilities in the other.
On-site parking includes a parking lot sized to accommodate approximately 10 vehicles, along with additional off-street parking. The configuration and garage bays support a wide range of flex and warehouse-oriented uses for owner-users, contractors, storage, automotive use, and similar applications.
Overall, the asset provides a two-building setup with distinct space layouts, including office and restroom facilities in one building and a more open, work-focused arrangement with enhanced utilities in the other.
Key Highlights
- Two commercial buildings in Lowell built in 1988, offering separate spaces at 20 Howard St and 26 Howard St.
- 20 Howard St: two separate rented spaces at $2,600 per month each, with garage bay, office area, and a half bath on the upper level.
- 26 Howard St: currently vacant with a large garage bay, expansive work area, 1.5 baths, and full kitchen with washer/dryer hookups.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,245
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,404,900
$1.4M
Cap Rate 7%
$1,003,500
$1.0M
Cap Rate 9%
$780,500
$780.5K
Market Conditions
NOI Build-Up for 5,351 SF
Gross rent
$115.6K $21.60/SF
− Vacancy
−$7.5K −$1.40/SF
EGI
$108.1K $20.20/SF
− OpEx
−$37.8K −$7.07/SF
NOI
$70.2K $13.13/SF
Area
Lowell, MA
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,404,900
Cap Rate 7%
$1,003,500
Cap Rate 9%
$780,500
Alternative Uses
Best Use
Flex RnD
$1.00M
$878.1K – $1.17M
NOI $70,245 @ 7.0% cap · market cap 7.06%
Second Best
Warehouse
$531.4K
$465.0K – $619.9K
NOI $37,196 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$1.88M
$1.65M – $2.20M
NOI $131,835 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Service bays
Location Intelligence
Trade Area within ½ mile
2,713
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - Two well-maintained commercial buildings offer separate flex and warehouse-ready spaces, including garage bays and parking.
Where is this flex space located?
The property is located at 20-26 Howard St Lowell, MA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two commercial buildings in Lowell built in 1988, offering separate spaces at 20 Howard St and 26 Howard St.; 20 Howard St: two separate rented spaces at $2,600 per month each, with garage bay, office area, and a half bath on the upper level.; 26 Howard St: currently vacant with a large garage bay, expansive work area, 1.5 baths, and full kitchen with washer/dryer hookups.
