Two-Building Flex and Warehouse
20-26 Howard Street Lowell, MA 01851
20-26 Howard Street, Lowell, MA, 01851
$1,150,000
For Sale
$1,150,000
Two well-maintained commercial buildings include multiple garage bays, offices, and a parking lot for about 10 vehicles.
Property Size5,351 SF
Price / SF$214.91
Days on Market66
Property Features for 20-26 Howard Street
General Information
- Standard status
- Active
- Size
- 5,351 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1988
Listing agency
Real Broker MA,LLC
Listed by
Wai Yi Sammi Ng
(781) 933-7200
Source
Jmulkerinrealty
Added: May 18 Updated: Jul 21 at 11:48AM Checked: Jul 21 at 11:48AM
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.
This offering includes two well-maintained commercial buildings built in 1988. 20 Howard St includes two separate spaces, each currently rented, and features a garage bay along with an office area and a half bath on the upper level. 26 Howard St is currently vacant and provides a large garage bay and expansive work area, plus 1.5 baths, a full kitchen with washer/dryer hookups, gas forced hot air heating, central AC, and strong insulation.
The property includes a parking lot accommodating approximately 10 vehicles and additional off-street parking. The configuration supports a range of practical commercial uses, including storage and automotive-related operations, as well as owner-occupied or investment scenarios.
Overall, the mix of garage bays, work areas, and finished spaces such as offices and bathrooms makes this property well-suited for flexible industrial needs across both buildings.
The property includes a parking lot accommodating approximately 10 vehicles and additional off-street parking. The configuration supports a range of practical commercial uses, including storage and automotive-related operations, as well as owner-occupied or investment scenarios.
Overall, the mix of garage bays, work areas, and finished spaces such as offices and bathrooms makes this property well-suited for flexible industrial needs across both buildings.
Key Highlights
- Two commercial buildings in Lowell built in 1988
- 20 Howard St has 2 separate spaces, each rented for $2,600/month
- 20 Howard St includes a garage bay, office area, and half bath on the upper level
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 6.11%
Second Best
Warehouse
$531.4K
$465.0K – $619.9K
NOI $37,196 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$1.88M
$1.65M – $2.20M
NOI $131,835 @ 7.0% cap · market cap 11.46%
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
- Naturel Juicing — 120 Merrimack St, Lowell, MA 01852
- Omkar Foods — 17 Warren St, Lowell, MA 01852
- Mamas Basement — 413 Fletcher St, Lowell, MA 01854
- Infuse Catering Services — 17 Warren St, Lowell, MA 01852
FAQs
What type of property is this?
Flex space - Two well-maintained commercial buildings include multiple garage bays, offices, and a parking lot for about 10 vehicles.
Where is this flex space located?
The property is located at 20-26 Howard Street Lowell, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two commercial buildings in Lowell built in 1988; 20 Howard St has 2 separate spaces, each rented for $2,600/month; 20 Howard St includes a garage bay, office area, and half bath on the upper level
