Newburyport Office For
For Sale
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1 Harris St, Newburyport, MA 01950
2,200 SqFt office space available in Newburyport, Massachusetts.
Property Size2,200 SF
Price / SF$318.18
Days on Market220
Property Features for 1 Harris St
General Information
Standard status
Active
Size
2,200 SF
Class
B
Property subtype
Office
Building Details
Buildings
1
Stories
2
Listing Agency:
New England Commercial Advisors
Listed By:
Steve Cavanaugh · License #MA 9021513
Source:
Crexi
Added: Feb 27
Changed: Aug 8
Last Checked: Aug 8 at 2:52PM
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 New England Commercial Advisors
Investment Insights
Based on property information with market context.
This commercial real estate offering features an office space with 2,200 square feet of area. The property is located in Newburyport, Massachusetts. It is suitable for office use.
Key Highlights
- Office Property
- 2,200 SqFt
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,321
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,226,420
$1.2M
Cap Rate 7%
$876,014
$876.0K
Cap Rate 9%
$681,344
$681.3K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$100.3K $45.60/SF
− Vacancy
−$18.6K −$8.44/SF
EGI
$81.8K $37.16/SF
− OpEx
−$20.4K −$9.29/SF
NOI
$61.3K $27.87/SF
Area
Essex County, MA
Vacancy
18.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,226,420
Cap Rate 7%
$876,014
Cap Rate 9%
$681,344
Alternative Uses
Best Use
Office B
$876.0K
$766.5K – $1.02M
NOI $61,321 @ 7.0% cap · market cap 8.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,167 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,862
Businesses Nearby
Explore this area
Business Placement
Demographics for 01950, MA
18,289
Population
8,298
Households
2.2
Avg Household Size
50
Median Age
66%
College-Educated
98%
High-School Grad
8.4 sq mi
ZIP Area
2,177
Density / Sq Mi
$144,259
Median Household Income
$85,573
Median Earnings
$1,511
Median Rent
$792,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - 2,200 SqFt office space available in Newburyport, Massachusetts.
Where is this office units located?
The property is located at 1 Harris St Newburyport, MA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Office Property; 2,200 SqFt
