Turnkey Locksmith Business
130 Gorham St Lowell, MA 01852
130 Gorham St, Lowell, MA, 01852
$750,000
For Sale
$750,000
Two connected buildings include office space, basement storage, two bathrooms, and a 2-bay van garage.
Property Size2,153 SF
Price / SF$348.35
Days on Market99
Property Features for 130 Gorham St
General Information
- Standard status
- Active
- Size
- 2,153 SF
- Property subtype
- COMMERCIAL
Building Details
- Year Built
- 1923
Listing agency
LAER Realty Partners
(978) 777-5509
Listed by
John Laffy
Source
Kevinfruh
Added: Apr 14 Updated: Jul 20 at 7:14PM Checked: Jul 21 at 5:50AM
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 LAER Realty Partners
Investment Insights
Based on property information with market context.
Turnkey locksmith business and real estate for sale featuring two connected buildings that are capable of separation for rental. The offering includes a separate office, basement storage, two bathrooms, and a 2-bay garage sized for locksmith vans.
The sale also includes all FF&E and inventory, along with three fully equipped mobile locksmith vans. Seller is willing to provide transitional consulting and client introductions, and two employees may elect to remain.
Financials and showings are by appointment. The seller will provide verified income and operational documentation to qualified buyers.
The sale also includes all FF&E and inventory, along with three fully equipped mobile locksmith vans. Seller is willing to provide transitional consulting and client introductions, and two employees may elect to remain.
Financials and showings are by appointment. The seller will provide verified income and operational documentation to qualified buyers.
Key Highlights
- Turnkey locksmith business for sale with real estate; includes all FF&E and inventory
- Sale includes three fully equipped mobile locksmith vans
- Two connected buildings designed to be capable of separation for rental
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.3k | $25.20 |
| − Vacancy | −$3.5k | −$1.64 |
| EGI | $50.7k | $23.56 |
| − OpEx | −$15.2k | −$7.07 |
| NOI | $35.5k | $16.49 |
2,153 SF · lease $25.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$507.3K
$443.9K – $591.8K
NOI $35,510 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$757.8K
$663.1K – $884.1K
NOI $53,044 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Post Office Locksmith, ...
Locksmith
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FAQs
What type of property is this?
Storefront property - Two connected buildings include office space, basement storage, two bathrooms, and a 2-bay van garage.
Where is this storefront property located?
The property is located at 130 Gorham St Lowell, MA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Turnkey locksmith business for sale with real estate; includes all FF&E and inventory; Sale includes three fully equipped mobile locksmith vans; Two connected buildings designed to be capable of separation for rental
