462 Merrimack St., Lowell, MA 01854

Building Details

Year Built 1989 More

Listing Agency: The Edge Group, Inc. Show Phone

Listed By: Vladimir Saldana · License #MASSACHUSETTS-9575388 Show Phone

Source: Lockandkeyre

Added: Oct 28 Changed: Nov 8 Last Checked: Nov 8 at 7:07AM

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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 The Edge Group, Inc.

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Investment Insights

Based on property information with market context.

This 1,220-square-foot storefront at 462 Merrimack Street has a flexible interior with one private office and a restroom. Large street-level windows bring the storefront directly to the sidewalk, while basement storage adds space for back-of-house needs. The building dates to 1989.

Set in Downtown Lowell, the property is near City Hall, the public library, and downtown restaurants. Its layout is suited to retail, professional services, and other service-oriented businesses.

Key Highlights

• 1,220 square feet of storefront space
• Large street‑level windows
• Flexible layout with one private office and a restroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,122

Suggested Prices Based on Cap Rates

Cap Rate 5%

$402,440 $402.4K

Cap Rate 7%

$287,457 $287.5K

Cap Rate 9%

$223,578 $223.6K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,220 SF

Gross rent

$30.7K $25.20/SF

− Vacancy

−$2.0K −$1.64/SF

EGI

$28.7K $23.56/SF

− OpEx

−$8.6K −$7.07/SF

NOI

$20.1K $16.49/SF

Area

Lowell, MA

Vacancy

6.50%

Lease Rate

$25.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$402,440

Cap Rate 7%

$287,457

Cap Rate 9%

$223,578

Alternative Uses

Best Use

Retail

$287.5K

$251.5K – $335.4K (±1% cap)

NOI $20,122 @ 7.0% cap · market cap 134,146.67%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$429.4K

$375.7K – $501.0K (±1% cap)

NOI $30,058 @ 7.0% cap · market cap 200,386.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Queen's Hair Designs Hair Salon JK Healthy Water Specialty Food Shop Heidi's Hair & Braiding Hair Salon

Suggested Use

Top Pick Skin Care Clinic (Bike/Boat/Book/etc) Store Acupuncture Storage Facility Florist HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,100

Businesses Nearby

4k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 100%

Domino's Pizza Dining

4,258 visits/mo 0.5 miles

Demographics for 01854, MA

29,561

Population

10,960

Households

2.7

Avg Household Size

31

Median Age

30%

College-Educated

85%

High-School Grad

4.0 sq mi

ZIP Area

7,390

Density / Sq Mi

$70,397

Median Household Income

$39,216

Median Earnings

$1,477

Median Rent

$360,500

Median Home Value

Market

Average Price Trend$/SF for Storefront properties in Lowell, MA

$180 Jul

$139 Aug

$110 Sep

$125 Oct

Properties on Market for Storefront properties in Lowell

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Similar Off Market Nearby

• Flowers By Albert — 521 Merrimack St, Lowell, MA 01854

Frequently Asked Questions

What type of property is this?

Storefront property - Street-level windows and a private office support a range of storefront business configurations.

Where is this storefront property located?

The property is located at 462 Merrimack St. Lowell, MA.

What are key features of this property?

This property features: 1,220 square feet of storefront space; Large street‑level windows; Flexible layout with one private office and a restroom