Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Equipped Retail Space Near UMASS Title is generated by Realmo AI

    61 Mammoth Rd, Lowell, MA 01854

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Equipped retail space near UMASS Lowell, ready for take-out.

    Type:Retail
    Added:
    Mar 6, 2026
    Days on Market:
    76
    Last Refresh:
    Apr 5 at 10:15 pm

    Property Features for 61 Mammoth Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1965

    We can help!

    Listing Contact
    Jeremy Cyrier, CCIM
    Jeremy Cyrier, CCIM

    Listing agent Jeremy Cyrier, CCIM License #MA #9048314

    Listing office Mansard Commercial Properties

    Listing date Mar 6, 2026

    Source Masscommercialproperties

    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 Mansard Commercial Properties

    HighLights

    • Fully equipped kitchen ready for immediate take‑out food service operation.
    • Prime location steps from UMASS Lowell.
    • Includes essential amenities: walk‑in refrigerator, service counter, two restrooms.
    • On‑site parking available.
    • Rear dumpster access for convenient waste disposal.
    • Established location previously home to Chen's Kitchen for over two decades.

    Overview

    This fully equipped take-out food service retail space is available for lease, situated steps from UMASS Lowell. The space was previously occupied by Chen's Kitchen for over two decades. It features a fully equipped kitchen, a walk-in refrigerator, a service counter, and two restrooms. Additional amenities include rear dumpster access and on-site parking. Neighboring businesses include Domino's Pizza, Prime, TD Bank, and McDonald's.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3329
    Latitude
    42.6513

    Nearby Similar for Lease

    • $13 SF/Yr
      4,700 SF

      High-Visibility Commercial Space Available

      4,700 SF space in a well-known Lowell building.
      595 Pawtucket Blvd #1A, Lowell, MA 01854
      View Details
    • $13 SF/Yr
      4,700 SF

      Penthouse Office Space with River Views

      Unique 4,700 SF penthouse with panoramic river views.
      595 Pawtucket Blvd 4A, Lowell, MA 01854
      View Details
    • $2,750/Mo
      1,380 SF

      Medical Office Near Lowell General

      Turnkey medical office space connected to Lowell General Hospital.
      33 Bartlett St 303, Lowell, MA 01852
      View Details
    • $400/Mo
      1,550 SF

      Commercial Storage Space Near Route 495

      Flexible storage space near Route 495, ideal for various needs.
      225 Stedman St, Lowell, MA 01851
      View Details
    • $2,000/Mo

      Downtown Lowell Retail Space Available

      600 SF retail space in a high-traffic downtown location.
      183 Appleton St, Lowell, MA 01852
      View Details
    • $2,700/Mo
      1,000 SF

      Renovated Office with Heated Garage

      Commercial condo featuring renovated office and heated garage.
      70 Wilbur St 5, Lowell, MA 01851
      View Details
    • $3,000/Mo

      Kearney Square Turn-Key Restaurant Space

      Prime restaurant/retail space in high-traffic Kearney Square.
      10 Kearney Sq #100, Lowell, MA 01852
      View Details
    • $3,000/Mo

      Turn-Key Restaurant Space in Lowell

      Prime location near Lowell National Historical Park and UMass Lowell.
      10 Kearney Sq 100, Lowell, MA 01852
      View Details
    • $1,700/Mo

      Downtown Lowell Commercial Storefront

      Two-level commercial space in downtown Lowell, move-in ready.
      466 Merrimack St, Lowell, MA 01854
      View Details
    • $18 SF/Yr
      5,000 SF

      Historic Downtown Office Space Available

      Handicap accessible office space in historic downtown Lowell building.
      40-44 Church St, Lowell, MA
      View Details
    • $1,500/Mo

      Street Level Commercial Space Available

      Commercial space with high visibility, traffic, and ample parking.
      89 Loring St, Lowell, MA 01851
      View Details
    • $15 SF/Yr
      5,741 SF

      Versatile Office Space Available

      Adaptable office space with modern amenities and ample parking.
      34 Wellman St, Lowell, MA
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Equipped retail space near UMASS Lowell, ready for take-out.
    Where is this conventional restaurant located?
    The property is located at 61 Mammoth Rd Lowell, MA.
    What are key features of this property?
    This property features: Fully equipped kitchen ready for immediate take‑out food service operation.; Prime location steps from UMASS Lowell.; Includes essential amenities: walk‑in refrigerator, service counter, two restrooms.
    (617) 674-2043
    We can help!
    Listing Contact
    Jeremy Cyrier, CCIM
    Jeremy Cyrier, CCIM
    Real Estate License ID: MA #9048314
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    61 Mammoth Rd, Lowell, MA 01854
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!