Corner Flex
For Sale
Contact for pricing
778 Gorham St, Lowell, MA 01852
Street-level commercial building with basement area, off-street parking, and access to I-495 and the Lowell Connector.
Property Size6,100 SF
Price / SF$139.34
Days on Market248
Property Features for 778 Gorham St
General Information
Standard status
Active
Size
6,100 SF
Total Parking Spaces
13
Property subtype
Industrial, Retail
Zoning
TMU
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Stories
1
Listing Agency:
City Light Homes
Listed By:
Stephan Coufos · License #MA 9540898
Source:
Crexi
Added: Feb 8
Changed: Oct 1
Last Checked: Oct 12 at 6:15PM
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 City Light Homes
Investment Insights
Based on property information with market context.
This TMU-zoned flex property includes a 4,100± square foot, single-story building at street level, plus approximately 2,000 square feet of basement space. The layout supports a range of commercial functions, including retail, office, manufacturing, and warehouse operations. Off-street parking for approximately 13 vehicles adds practical functionality for occupants and visitors.
Positioned on a corner lot along a highly traveled roadway near downtown, the property offers direct exposure and convenient regional connectivity. Access to I-495 and the Lowell Connector links the site with surrounding markets. The building’s substantial footprint and basement component provide additional space for storage, operations, or other supported uses.
Positioned on a corner lot along a highly traveled roadway near downtown, the property offers direct exposure and convenient regional connectivity. Access to I-495 and the Lowell Connector links the site with surrounding markets. The building’s substantial footprint and basement component provide additional space for storage, operations, or other supported uses.
Key Highlights
- 4,100± square foot single‑story commercial building
- Additional 2,000 square feet of basement space
- TMU zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,920
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,400
$698.4K
Cap Rate 7%
$498,857
$498.9K
Cap Rate 9%
$388,000
$388.0K
Market Conditions
NOI Build-Up for 6,100 SF
Gross rent
$53.1K $8.70/SF
− Vacancy
−$3.2K −$0.52/SF
EGI
$49.9K $8.18/SF
− OpEx
−$15.0K −$2.45/SF
NOI
$34.9K $5.72/SF
Area
Lowell, MA
Vacancy
6.00%
Lease Rate
$8.70 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,400
Cap Rate 7%
$498,857
Cap Rate 9%
$388,000
Alternative Uses
Best Use
Retail
$1.44M
$1.26M – $1.68M
NOI $100,610 @ 7.0% cap · market cap 11.84%
Second Best
Flex RnD
$1.14M
$1.00M – $1.33M
NOI $80,077 @ 7.0% cap · market cap 9.42%
Theoretical Best
Office A
$2.15M
$1.88M – $2.50M
NOI $150,288 @ 7.0% cap · market cap 17.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,065
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Similar Off Market Nearby
- M & M Catering — 23 Potter St, Lowell, MA 01852
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Frequently Asked Questions
What type of property is this?
Flex space - Street-level commercial building with basement area, off-street parking, and access to I-495 and the Lowell Connector.
Where is this flex space located?
The property is located at 778 Gorham St Lowell, MA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 4,100± square foot single‑story commercial building; Additional 2,000 square feet of basement space; TMU zoning
