Flex and Warehouse
20-26 Howard St Lowell, MA 01851
20-26 Howard St, Lowell, MA, 01851
$1,199,900
For Sale
$1,199,900
Two well-maintained commercial buildings offer separate flex and warehouse-ready spaces, including garage bays and parking.
Property Size5,351 SF
Price / SF$224.24
Days on Market55
Property Features for 20-26 Howard St
General Information
- Standard status
- Active
- Size
- 5,351 SF
- Property subtype
- COMMERCIAL
Building Details
- Year Built
- 1988
Listing agency
Real Broker MA, LLC
(617) 833-8856
Listed by
Wai Yi Sammi Ng · License #448552045
Source
Kevinfruh
Added: May 28 Updated: Jul 20 at 8:04PM Checked: Jul 21 at 6:21AM
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.
Local Financial Insights For Flex RnD
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 | $115.6k | $21.60 |
| − Vacancy | −$7.5k | −$1.40 |
| EGI | $108.1k | $20.20 |
| − OpEx | −$37.8k | −$7.07 |
| NOI | $70.2k | $13.13 |
5,351 SF · lease $21.60/SF/yr · vacancy 6.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.00M
$878.1K – $1.17M
NOI $70,245 @ 7.0% cap · market cap 5.85%
Second Best
Warehouse
$531.4K
$465.0K – $619.9K
NOI $37,196 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$1.88M
$1.65M – $2.20M
NOI $131,835 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- wekhut4u — 21 Liberty St, Lowell, MA 01851
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- Infuse Catering Services — 17 Warren St, Lowell, MA 01852
FAQs
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 $1,199,900.
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.
