Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    116-120 Newburyport Turnpike Rowley, MA 01969

    View on Map
    Picture of Warehouses at 116-120 Newburyport Turnpike, Rowley, MA
    For Lease
    $15 SF/Yr

    COMMERCIAL - Rowley, MA

    Property size:
    12,000 SF
    Lot size:
    0.34 Acres
    Added:
    Apr 11, 2025
    Days on Market:
    363
    Last Refresh:
    Apr 8 at 4:06 pm

    Property Features for 116-120 Newburyport Turnpike

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    C
    Standard status
    Active
    Size
    12,000 SF
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6084

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Keller Williams Realty Evolution

    Listing agent Keller Williams Realty Evolution

    Listing office Keller Williams Realty Evolution 2 New Pasture Road, Unit 1, Beverly, MA

    Listing date Apr 11, 2025

    MLS# 73358722

    Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Customizable Industrial Space in Rowley

    This build-to-suit industrial opportunity is located in Rowley, Massachusetts, positioned just off Route 1 and minutes from Interstate 95. The property offers the flexibility to build up to 12,000 square feet, with options ranging from a single expansive clear-span facility to multiple 2,000 square foot contractor bays. The property can be custom-designed to suit specific business needs. Highlights include customizable layout options for 2,000 square foot contractor bays or a full clear-span warehouse. The property includes high ceilings, garage bay doors, optional mezzanine space, and ample outdoor parking. The lot size is 0.3444 acres. The property is zoned C. The intended use of the property is commercial. The property is located in Essex County, with easy access to the North Shore.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rowley
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.911942
    Latitude
    42.700841

    Nearby Similar for Lease

    • $13/mo

      Professional Office Suite on Route 1

      3,700 SF office suite in Rowley Business Park.
      319 Newburyport Tpke unit: 209-210, Rowley, MA 01969
      View Details
    • $13/mo

      Rowley Industrial Space for Lease

      1,500 SF industrial space ideal for manufacturing or warehouse.
      319 Newburyport Tpke unit: 00, Rowley, MA 01969
      View Details
    • Contact for pricing

      Industrial Single Tenant Warehouse Space

      Single tenant industrial warehouse space available for lease.
      319 Newburyport Turnpike, Rowley, MA 01969
      View Details
    • Contact for pricing

      Rowley Business Park Office Suite

      Professional office suite for rent in Rowley Business Park.
      319 Newburyport Turnpike, Rowley, MA 01969
      View Details
    • Contact for pricing

      Industrial Land Build-to-Suit Opportunity

      Customizable industrial space for rent in Rowley, Massachusetts.
      120 Newburyport Turnpike, Rowley, MA 01969
      View Details
    • Contact for pricing

      Available Class A Flex Space

      56,377 SF Class A flex space opportunity for rent.
      Rowley, MA 01969
      View Details
    • Contact for pricing

      Rowley Flex Space Opportunity

      56,377 SF Class A flex space available for rent.
      428 Newburyport Tpke, Rowley, MA
      View Details

    FAQs

    What type of property is this?
    Warehouse - Build-to-suit industrial space up to 12,000 SF in Rowley.
    Where is this warehouse located?
    The property is located at 116-120 Newburyport Turnpike Rowley, MA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Build‑to‑suit opportunity up to 12,000 SF with customizable layout options.; Prime location just off Route 1 and minutes from Interstate 95.; Versatile space suitable for a single large facility or multiple 2,000 SF contractor bays.
    (978) 992-4050
    We can help!
    Listing Contact
    Keller Williams Realty Evolution
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!