Lowell Commercial Storefront
For Sale
Contact for pricing
58 Prescott Street, Lowell, MA 01852
Upgraded commercial condo in downtown Lowell with high visibility.
Property Size1,368 SF
Price / SF$201.02
Days on Market194
Property Features for 58 Prescott Street
General Information
Standard status
Active
Size
1,368 SF
Class
C
Property subtype
Retail, Office
Lease Type
NNN
Listing Agency:
BELL TOWER COMMERCIAL REAL ESTATE GROUP
(978) 458-8822
Listed By:
Vladimir Saldana · License #Massachusetts - 9575388
Source:
Crexi
Added: Feb 7
Changed: Aug 8
Last Checked: Aug 8 at 6:36AM
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 BELL TOWER COMMERCIAL REAL ESTATE GROUP
Investment Insights
Based on property information with market context.
This upgraded first-floor commercial storefront condominium is located on Prescott Street in Lowell, within the historic Claflin Block. The 1368 square foot unit features hardwood floors, upgraded lighting, and large storefront windows. The layout includes two separate sections suitable for potential businesses or galleries, along with a kitchen setup and bathrooms. The property is situated in a prime downtown Lowell location, steps from the city’s business and cultural district. It offers excellent visibility and convenient access to major corridors including Merrimack Street, Central Street, and Dutton Street. The surrounding area includes restaurants, shops, offices, and public parking. The property benefits from steady pedestrian traffic and proximity to UMass Lowell, the Lowell Justice Center, and Gallagher Terminal (MBTA commuter rail and bus service). This property represents an opportunity to build equity and stability in an attractive and affordable space.
Key Highlights
- Prime downtown Lowell location with high visibility and steady pedestrian traffic.
- Upgraded first‑floor commercial storefront condo in the historic Claflin Block.
- Two separate sections suitable for multiple businesses or galleries.
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
$24,809
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
9.02%
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%
$496,180
$496.2K
Cap Rate 7%
$354,414
$354.4K
Cap Rate 9%
$275,656
$275.7K
Market Conditions
NOI Build-Up for 1,368 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
$42.7K $31.20/SF
− Vacancy
−$9.6K −$7.02/SF
EGI
$33.1K $24.18/SF
− OpEx
−$8.3K −$6.05/SF
NOI
$24.8K $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 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%
$496,180
Cap Rate 7%
$354,414
Cap Rate 9%
$275,656
Alternative Uses
Best Use
Office B
$354.4K
$310.1K – $413.5K
NOI $24,809 @ 7.0% cap · market cap 9.02%
Second Best
Retail
$322.3K
$282.0K – $376.1K
NOI $22,563 @ 7.0% cap · market cap 8.20%
Theoretical Best
Office A
$481.5K
$421.3K – $561.7K
NOI $33,704 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,370
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Flowers By Albert — 521 Merrimack St, Lowell, MA 01854
Frequently Asked Questions
What type of property is this?
Storefront property - Upgraded commercial condo in downtown Lowell with high visibility.
Where is this storefront property located?
The property is located at 58 Prescott Street Lowell, MA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Prime downtown Lowell location with high visibility and steady pedestrian traffic.; Upgraded first‑floor commercial storefront condo in the historic Claflin Block.; Two separate sections suitable for multiple businesses or galleries.
