Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Professional Office Suite in Newburyport Title is generated by Realmo AI

    1 Harris St, Newburyport, MA 01950

    View on Map
    Claim this Listing
    For Lease
    $1,850/Mo $22 SF/Yr (calc)

    COMMERCIAL - Newburyport, MA

    Property size:
    968 SF
    Lot size:
    0.50 Acres
    Added:
    Apr 16, 2026
    Days on Market:
    29
    Last Refresh:
    May 14 at 2:06 pm

    Property Features for 1 Harris St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    B2
    Standard status
    Active
    APN
    M:0013 B:0005D L:0000,4646274
    Size
    968 SF
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3643

    Building Details

    Year built
    1950

    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 16, 2026

    MLS# 73503003

    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.

    HighLights

    • Premier downtown location within the prestigious One Harris St Professional Office Building.
    • Impeccably maintained and refined, contemporary professional office suite.
    • Polished, turn‑key space ideal for firms seeking a premier presence.
    • Versatile floor plan designed for maximum efficiency.
    • High‑quality finishes from floor to ceiling.
    • Impressive environment suitable for hosting clients and collaborators.

    Overview

    Located at 1 Harris St, Unit 4, this office suite is situated within the One Harris St Professional Office Building. The space offers a contemporary environment suitable for business operations. Available for lease, this suite provides a solution for firms seeking a downtown presence. The suite features a modern aesthetic and a versatile floor plan. The layout maintains a professional atmosphere suitable for focused work and features high-quality finishes. The property is zoned B2 and has a lot size of 0.5 acres. The property size is 968 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Newburyport
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.8718804
    Latitude
    42.8085868

    Nearby Similar for Lease

    • $1.00 SF/Yr

      Industrial Flex Unit in Newburyport

      3,042 SF industrial flex unit available for lease.
      65 Parker St, Newburyport, MA 01950
      View Details
    • $14 SF/Yr

      Newburyport Warehouse and Office Flex

      Warehouse and office flex space near Seaport Business Park.
      69 Parker St, Newburyport, MA 01950
      View Details
    • $16 SF/Yr

      Newburyport Flex Space For Lease

      2,650sf flex space with warehouse and remodeled office.
      65 Parker St, Newburyport, MA 01950
      View Details
    • Contact for pricing

      Newburyport Office Space For Lease

      Office space available in Newburyport with ample parking.
      26 Parker St #C, Newburyport, MA 01950
      View Details
    • Contact for pricing

      Downtown Retail/Office Condo For Rent

      Retail/office condo in prime downtown location with water views.
      11 Market Square #10, Newburyport, MA 01950
      View Details
    • Contact for pricing

      Downtown Retail/Office Condo For Rent

      Retail/office condo in prime downtown location with water views.
      11 Market Sq 10, Newburyport, MA 01950
      View Details
    • $1,850/Mo

      Professional Office Suite For Lease

      Refined office suite in premier downtown location available for lease.
      1 Harris St #4, Newburyport, MA 01950
      View Details
    • $700/Mo

      Downtown Newburyport Professional Office Space

      Professional office space in downtown Newburyport suitable for quiet practices.
      31 Grn, Newburyport, MA 01950
      View Details
    • Contact for pricing

      Waterfront Commercial Space in Newburyport

      2,000 SF waterfront commercial space with flexible layout potential.
      226 Merrimac St, Newburyport, MA 01950
      View Details
    • $18 SF/Yr

      Newburyport Industrial Flex Unit

      3,042 SF industrial flex unit for lease in Newburyport.
      65 Parker St #9, Newburyport, MA 01950
      View Details
    • Contact for pricing

      Newburyport Flex Space For Lease

      2,650 SF flex space with warehouse and remodeled office.
      65 Parker St #1R, Newburyport, MA 01950
      View Details
    • Contact for pricing

      Waterfront Commercial Space in Newburyport

      2,000 SF waterfront commercial space with flexible layout potential.
      226 Merrimac St, Newburyport, MA 01950
      View Details

    FAQs

    What type of property is this?
    Office units - Refined office suite in a premier downtown Newburyport building.
    Where is this office units located?
    The property is located at 1 Harris St Newburyport, MA.
    What is the lease rate?
    The lease rate is $1,850 /Mo.
    What are key features of this property?
    This property features: Premier downtown location within the prestigious One Harris St Professional Office Building.; Impeccably maintained and refined, contemporary professional office suite.; Polished, turn‑key space ideal for firms seeking a premier presence.
    (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

    Thank You for Inquiry
    1 Harris St, Newburyport, MA 01950
    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!