525 Chelmsford Street Lowell, MA 01851
Mixed-use property with commercial space and residential unit.
Property Features for 525 Chelmsford Street
General Information
- Standard status
- Active
- Size
- 3,774 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing office RE/MAX Innovative Properties
Listing date Nov 25, 2025
Source Stevebremis
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Investment Insights
Based on property information with market context.
Key Highlights
- Mixed‑use property with commercial storefronts and a spacious residential unit.
- Prime commercial space with expansion potential on the unfinished 2nd floor.
- Two retail storefronts with strong street visibility and steady traffic.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.7k | $28.80 |
| − Vacancy | −$8.7k | −$2.30 |
| EGI | $100.0k | $26.50 |
| − OpEx | −$37.5k | −$9.94 |
| NOI | $62.5k | $16.56 |
