Mixed-Use Property in
For Sale
$695,000
Pending
525 Chelmsford St, Lowell, MA 01851
Mixed-use property with commercial space and residential unit.
Property Size3,774 SF
Days on Market118
Property Features for 525 Chelmsford St
General Information
Standard status
Pending
Size
3,774 SF
Property subtype
Commercial
Zoning
TTF, Legal Non-Conforming
Taxes and HOA fees
Annual Taxes
$10,064
Building Details
Building Size
3,774 SF
Year Built
1920
Listing Agency:
RE/MAX Innovative Properties
(978) 502-8352
Listed By:
Raymond Boutin
(978) 502-8352
Source:
Liongatere
Added: Apr 25
Changed: Aug 14
Last Checked: Aug 14 at 6:07AM
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 RE/MAX Innovative Properties
Investment Insights
Based on property information with market context.
This mixed-use property in Lowell features commercial space and a residential unit. The ground level includes two retail storefronts suitable for small businesses, office space, or rental income. The property benefits from street visibility and traffic along Chelmsford Street. Parking is available for 10+ vehicles, along with a carport on the Plain Street side. The residential unit offers 4–5 bedrooms, a flexible floor plan, and customization potential. It is suitable for an owner-occupant or as an additional rental. There is unfinished space on the second floor that offers expansion potential.
Key Highlights
- Mixed‑use property featuring commercial storefronts and a residential unit.
- Two ground‑level retail storefronts boast strong street visibility and traffic.**
- Off‑street parking for 10+ vehicles plus a carport.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,497
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,249,940
$1.2M
Cap Rate 7%
$892,814
$892.8K
Cap Rate 9%
$694,411
$694.4K
Market Conditions
NOI Build-Up for 3,774 SF
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.
Gross rent
$108.7K $28.80/SF
− Vacancy
−$8.7K −$2.30/SF
EGI
$100.0K $26.50/SF
− OpEx
−$37.5K −$9.94/SF
NOI
$62.5K $16.56/SF
Area
Lowell, MA
Vacancy
8.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,249,940
Cap Rate 7%
$892,814
Cap Rate 9%
$694,411
Alternative Uses
Best Use
Mixed Use
$892.8K
$781.2K – $1.04M
NOI $62,497 @ 7.0% cap · market cap 8.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,982 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
819
Businesses Nearby
Explore this area
Business Placement
Demographics for 01851, MA
32,691
Population
11,759
Households
2.8
Avg Household Size
34
Median Age
32%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
10,216
Density / Sq Mi
$87,962
Median Household Income
$46,388
Median Earnings
$1,686
Median Rent
$432,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with commercial space and residential unit.
Where is this mixed-use property located?
The property is located at 525 Chelmsford St Lowell, MA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Mixed‑use property featuring commercial storefronts and a residential unit.; Two ground‑level retail storefronts boast strong street visibility and traffic.**; Off‑street parking for 10+ vehicles plus a carport.
