Office Suite with Private
For Sale
Contact for pricing
27 Prescott St Unit 2, Lowell, MA 01852
A flexible workspace includes a reception area, conference room, kitchenette, and elevator access.
Property Size4,000 SF
Price / SF$0.00
Days on Market8
Property Features for 27 Prescott St Unit 2
General Information
Standard status
Active
Size
4,000 SF
Elevators
Yes
Property subtype
Commercial
Building Details
Year Built
1826
Listing Agency:
LAER Realty Partners
(844) 687-5237
Listed By:
Siborak Ponn
(978) 596-7935
Source:
Lockandkeyre
Added: Oct 12
Changed: Oct 16
Last Checked: Oct 16 at 8:35AM
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
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Investment Insights
Based on property information with market context.
Unit 2 offers approximately 4,000 SF of office space in an 1826 building. Its layout includes a private entrance, reception area, five offices, a conference room, a filing room with movable shelving, a networking room, a restroom, and a kitchenette. An elevator serves the building, and the suite has flexible design options.
An additional approximately 4,000 SF office suite in Unit 3 can be accommodated. The property is in downtown Lowell, near shops, dining, and transportation.
An additional approximately 4,000 SF office suite in Unit 3 can be accommodated. The property is in downtown Lowell, near shops, dining, and transportation.
Key Highlights
- Approximately 4,000 +/- SF in Unit 2
- Five offices, a conference room, reception area, filing room, and networking room
- Private entrance, kitchenette, modern restroom, and elevator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,540
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,450,800
$1.5M
Cap Rate 7%
$1,036,286
$1.0M
Cap Rate 9%
$806,000
$806.0K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$124.8K $31.20/SF
− Vacancy
−$28.1K −$7.02/SF
EGI
$96.7K $24.18/SF
− OpEx
−$24.2K −$6.05/SF
NOI
$72.5K $18.13/SF
Area
Lowell, MA
Vacancy
22.50%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,450,800
Cap Rate 7%
$1,036,286
Cap Rate 9%
$806,000
Alternative Uses
Best Use
Office B
$1.04M
$906.8K – $1.21M
NOI $72,540 @ 7.0% cap · market cap 604,500.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,550 @ 7.0% cap · market cap 821,250.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,370
Businesses Nearby
Explore this area
Business Placement
Demographics for 01852, MA
36,708
Population
15,363
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
86%
High-School Grad
5.0 sq mi
ZIP Area
7,342
Density / Sq Mi
$77,058
Median Household Income
$48,976
Median Earnings
$1,567
Median Rent
$397,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - A flexible workspace includes a reception area, conference room, kitchenette, and elevator access.
Where is this office units located?
The property is located at 27 Prescott St Unit 2 Lowell, MA.
What are key features of this property?
This property features: Approximately 4,000 +/- SF in Unit 2; Five offices, a conference room, reception area, filing room, and networking room; Private entrance, kitchenette, modern restroom, and elevator
