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    Mixed-Use Retail and Residence Title is generated by Realmo AI

    525 Chelmsford St, Lowell, MA 01851

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    For Sale
    $695,000

    MULTI_FAMILY - Lowell, MA

    Property size:
    3,774 SF
    Lot size:
    0.25 Acres
    Price / SF:
    $184/SF
    Added:
    Dec 7, 2025
    Days on Market:
    180
    Last Refresh:
    Jun 5 at 1:06 am

    Property Features for 525 Chelmsford St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    TTF
    Parking
    16
    Standard status
    Active
    APN
    M:125 B:1190 L:525,3184202
    Size
    3,774 SF
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    10064

    Building Details

    Year built
    1920
    Floors in Building
    4
    Number of units
    3

    We can help!

    Listing Contact
    Joshua Naughton

    Listing agent Joshua Naughton

    Listing office RE/MAX Innovative Properties 81 Farmland Road, Londonderry, MA

    Listing date Dec 7, 2025

    MLS# 73460680 Listing URL

    Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Mixed‑use property featuring commercial space and a large residential unit.
    • Two retail storefronts boast high street visibility and traffic on Chelmsford Street.
    • Off‑street parking for 10+ vehicles plus a carport.
    • Spacious 4‑5 bedroom residential unit with a flexible floor plan.
    • Unfinished 2nd floor offers expansion potential for commercial space.
    • Prime location suitable for owner‑occupants or investors seeking rental income.

    Overview

    This mixed-use property in Lowell offers two ground-level retail storefronts and a residential unit on the same site. The second floor is unfinished, providing room to expand depending on how you plan to use the space. The residential portion is described as a spacious 4-5 bedroom layout with large bedrooms and a flexible floor plan, suited to an owner-occupant or use as an additional rental.

    The building includes off-street parking for up to 10+ vehicles, along with a carport on the Plain Street side. The retail component is positioned for street-facing presence along Chelmsford Street, supported by the offering’s stated strong visibility.

    For tenants, buyers, and investors, the configuration supports multiple operating models: small business retail use on the ground floor while keeping the residence on-site, or leasing the mixed-use footprint to generate income from both components. With the unfinished second level, operators also have a path to add usable space subject to permitting and build-out decisions. Zoning is listed as TTF, and the property is presented as a single-site mixed-use opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    J Arthur Poitras ... Pharmacy

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Finally Flowers — 770 Stevens St, Lowell, MA 01851
    • Modern Floral Design — Lowell, MA 01851
    • Bemine Florist — 199 Plain St, Lowell, MA 01852

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.323265
    Latitude
    42.62586

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    FAQs

    What type of property is this?
    Storefront property - Two ground-floor retail storefronts plus an on-site residential unit, with an unfinished second floor for expansion.
    Where is this storefront 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 space and a large residential unit.; **Two retail storefronts boast high street visibility and traffic on Chelmsford Street.**; Off‑street parking for 10+ vehicles plus a carport.
    (603) 434-4101
    We can help!
    Listing Contact
    Joshua Naughton
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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