Private First-Floor Coworking
For Sale
Contact for pricing
463 Merrimack # 106, Lowell, MA 01852
Shared amenities include reception, conference, kitchen, copy, and restroom areas.
Property Size144 SF
Price / SF$3.44
Days on Market59
Property Features for 463 Merrimack # 106
General Information
Standard status
Active
Size
144 SF
Property subtype
Commercial
Zoning
UMU
Lease Type
Gross
Site & Location
Neighborhood
Downtown
Additional Details
Floor
First Floor
Taxes and HOA fees
Annual Taxes
$22,160
Amenities
reception area
common conference room
kitchen/break/copy area
rest rooms
Building Details
Building Size
144 SF
Year Built
1920
Listing Agency:
The Edge Group, Inc.
(978) 458-8822
Listed By:
Vladimir Saldana · License #MASSACHUSETTS-9575388
(978) 251-5894
Source:
Churchillprop
Added: Aug 28
Changed: Oct 6
Last Checked: Oct 24 at 2:21PM
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 first-floor private office is arranged within a shared coworking environment and includes access to a reception area, common conference room, kitchen and break area, copy area, and restrooms. Furniture, utilities, and internet are included with the occupancy arrangement.
The property is located at 463 Merrimack #106 in Lowell, near City Hall, shops, and restaurants. The building dates to 1920.
The property is located at 463 Merrimack #106 in Lowell, near City Hall, shops, and restaurants. The building dates to 1920.
Key Highlights
- Private first‑floor office within a shared coworking setting
- Reception area and common conference room
- Kitchen, break, copy, and restroom areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,611
Suggested Prices Based on Cap Rates
Cap Rate 5%
$52,220
$52.2K
Cap Rate 7%
$37,300
$37.3K
Cap Rate 9%
$29,011
$29.0K
Market Conditions
NOI Build-Up for 144 SF
Gross rent
$4.5K $31.20/SF
− Vacancy
−$1.0K −$7.02/SF
EGI
$3.5K $24.18/SF
− OpEx
−$870 −$6.05/SF
NOI
$2.6K $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%
$52,220
Cap Rate 7%
$37,300
Cap Rate 9%
$29,011
Alternative Uses
Best Use
Office B
$37.3K
$32.6K – $43.5K
NOI $2,611 @ 7.0% cap · market cap 527.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$50.7K
$44.4K – $59.1K
NOI $3,548 @ 7.0% cap · market cap 716.77%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,100
Businesses Nearby
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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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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Coworking space - Shared amenities include reception, conference, kitchen, copy, and restroom areas.
Where is this coworking space located?
The property is located at 463 Merrimack # 106 Lowell, MA.
What are key features of this property?
This property features: Private first‑floor office within a shared coworking setting; Reception area and common conference room; Kitchen, break, copy, and restroom areas
