Office Building with Basement
For Sale
$999,500
418 Bridge St, Lowell, MA 01850
Vacant office property offering subdivision potential, basement storage, and a prior light-manufacturing layout.
Property Size6,579 SF
Days on Market76
Property Features for 418 Bridge St
General Information
Standard status
Active
Size
6,579 SF
Total Parking Spaces
15
Property subtype
Commercial
Zoning
NB, Legal Conforming
Taxes and HOA fees
Annual Taxes
$12,706
Amenities
basement storage
Building Details
Building Size
6,579 SF
Year Built
1967
Buildings
1
Listing Agency:
StartPoint Realty
(339) 224-2919
Listed By:
Jim Riccardi
(339) 224-2919
Source:
Startpoint
Added: Jun 16
Changed: Aug 29
Last Checked: Aug 23 at 7:56AM
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 StartPoint Realty
Investment Insights
Based on property information with market context.
Located at 418 Bridge St in Lowell, this vacant office building contains 6,579 square feet and includes five bathrooms. The property was previously used for light manufacturing and can be subdivided, providing flexibility within the existing commercial layout. Additional storage is available in the basement, with 1,500 square feet dedicated to that use.
The building sits just off Route 38 and near Lowell General Hospital. On-site parking accommodates 12-15 vehicles. The property is identified as SBA compliant and is offered with office-building classification.
The building sits just off Route 38 and near Lowell General Hospital. On-site parking accommodates 12-15 vehicles. The property is identified as SBA compliant and is offered with office-building classification.
Key Highlights
- 6,579 SF office building at 418 Bridge St, Lowell, MA
- Vacant property with subdivision potential
- 1,500 SF of additional basement storage
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
$86,365
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
8.64%
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%
$1,727,300
$1.7M
Cap Rate 7%
$1,233,786
$1.2M
Cap Rate 9%
$959,611
$959.6K
Market Conditions
NOI Build-Up for 6,579 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
$142.1K $21.60/SF
− Vacancy
−$9.2K −$1.40/SF
EGI
$132.9K $20.20/SF
− OpEx
−$46.5K −$7.07/SF
NOI
$86.4K $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 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%
$1,727,300
Cap Rate 7%
$1,233,786
Cap Rate 9%
$959,611
Alternative Uses
Best Use
Office B
$1.70M
$1.49M – $1.99M
NOI $119,310 @ 7.0% cap · market cap 11.94%
Second Best
Flex RnD
$1.23M
$1.08M – $1.44M
NOI $86,365 @ 7.0% cap · market cap 8.64%
Theoretical Best
Office A
$2.32M
$2.03M – $2.70M
NOI $162,090 @ 7.0% cap · market cap 16.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,599
Businesses Nearby
Explore this area
Business Placement
Demographics for 01850, MA
16,670
Population
6,028
Households
2.8
Avg Household Size
34
Median Age
18%
College-Educated
83%
High-School Grad
1.4 sq mi
ZIP Area
11,907
Density / Sq Mi
$67,581
Median Household Income
$42,096
Median Earnings
$1,666
Median Rent
$367,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Vacant office property offering subdivision potential, basement storage, and a prior light-manufacturing layout.
Where is this office building located?
The property is located at 418 Bridge St Lowell, MA.
What is the asking price?
The asking price for this property is $999,500.
What are key features of this property?
This property features: 6,579 SF office building at 418 Bridge St, Lowell, MA; Vacant property with subdivision potential; 1,500 SF of additional basement storage
