Renovated Office
55 Middle Street # 500, Lowell, MA 01852
For Sale
Contact for pricing
Open-plan workspace includes perimeter offices, a conference room, and an in-suite kitchenette.
Property Size4,500 SF
Price / SF$0.00
Days on Market54
Property Features for 55 Middle Street # 500
General Information
Standard status
Size
Property subtype
Zoning
Lease Type
Site & Location
Neighborhood
Amenities
building security
conference room
kitchenette
Building Details
Building Size
Year Built
Listing Agency:
The Edge Group, Inc.
(978) 458-8822
Listed By:
Vladimir Saldana · License MA #9575388
(978) 251-5894
Source:
Churchillprop
Added: Sep 22
Changed: Oct 31
Last Checked: Nov 12 at 5:53AM
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.
Suite 500 provides 4,500 square feet of renovated office space within the Pollard Exchange Building, constructed in 1880. The layout combines open workspace with nine windowed perimeter offices, a conference room, and a private kitchenette. High ceilings, oversized windows, and building security add to the suite’s physical features.
The property is located at 55 Middle Street in Lowell’s cultural and arts district. The suite is identified as CD-zoned office space and offers a combination of individual offices and shared work areas within a historic building setting.
The property is located at 55 Middle Street in Lowell’s cultural and arts district. The suite is identified as CD-zoned office space and offers a combination of individual offices and shared work areas within a historic building setting.
Key Highlights
- 4,500‑square‑foot office suite with open workspace and nine perimeter offices
- Nine perimeter offices feature windows for natural light
- Conference room and in‑suite kitchenette included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,608
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,632,160
$1.6M
Cap Rate 7%
$1,165,829
$1.2M
Cap Rate 9%
$906,756
$906.8K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$140.4K $31.20/SF
− Vacancy
−$31.6K −$7.02/SF
EGI
$108.8K $24.18/SF
− OpEx
−$27.2K −$6.05/SF
NOI
$81.6K $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%
$1,632,160
Cap Rate 7%
$1,165,829
Cap Rate 9%
$906,756
Alternative Uses
Best Use
Office B
$1.17M
$1.02M – $1.36M
NOI $81,608 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.58M
$1.39M – $1.85M
NOI $110,868 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,370
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
Properties on Market for Office Units in Lowell
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Open-plan workspace includes perimeter offices, a conference room, and an in-suite kitchenette.
Where is this office unit located?
The property is located at 55 Middle Street # 500 Lowell, MA.
What are key features of this property?
This property features: 4,500‑square‑foot office suite with open workspace and nine perimeter offices; Nine perimeter offices feature windows for natural light; Conference room and in‑suite kitchenette included
