Peabody Office/Flex Facility For
100 Summit St, Peabody, MA 01960
For Sale
Contact for pricing
10,364 SF office/flex building with warehouse space and loading dock.
Property Size10,364 SF
Price / SF$202.62
Days on Market238
Property Features for 100 Summit St
General Information
Standard status
Size
Class
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Building Details
Year Built
Year Renovated
Buildings
Stories
Tenancy
Listing Agency:
Hunneman
Listed By:
Henry Lieber · License MA 9516938-RE-S
(617) 457-3383
Source:
Crexi
Added: Mar 17
Changed: Oct 25
Last Checked: Nov 8 at 9:11AM
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 Hunneman
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Investment Insights
Based on property information with market context.
This 10,364 SF office/flex facility is located at 100 Summit Street in Peabody, MA. The building features modern, professional office space with a flexible, open layout accessible via two interior stairways. The lower level includes accessory warehouse space and a covered loading dock. This property offers investors the opportunity to acquire a well-located office/flex asset with stable in-place cash flow and future upside potential.
Key Highlights
- Premier office/flex facility with ±10,364 SF
- Stable in‑place cash flow with future upside potential
- Modern, professional office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$180,821
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,616,420
$3.6M
Cap Rate 7%
$2,583,157
$2.6M
Cap Rate 9%
$2,009,122
$2.0M
Market Conditions
NOI Build-Up for 10,364 SF
Gross rent
$298.5K $28.80/SF
− Vacancy
−$20.3K −$1.96/SF
EGI
$278.2K $26.84/SF
− OpEx
−$97.4K −$9.39/SF
NOI
$180.8K $17.45/SF
Area
Essex County, MA
Vacancy
6.80%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,616,420
Cap Rate 7%
$2,583,157
Cap Rate 9%
$2,009,122
Alternative Uses
Best Use
Flex RnD
$2.58M
$2.26M – $3.01M
NOI $180,821 @ 7.0% cap · market cap 8.61%
Second Best
Industrial
$1.58M
$1.39M – $1.85M
NOI $110,824 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$6.14M
$5.37M – $7.16M
NOI $429,482 @ 7.0% cap · market cap 20.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 01960, MA
54,155
Population
23,009
Households
2.4
Avg Household Size
47
Median Age
34%
College-Educated
91%
High-School Grad
16.0 sq mi
ZIP Area
3,385
Density / Sq Mi
$95,173
Median Household Income
$56,100
Median Earnings
$1,902
Median Rent
$566,700
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Essex County, MA
Properties on Market for Flex space in Essex County
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Plum Tomatoes Catering Kitchen — 145 Summit St, Peabody, MA 01960
Frequently Asked Questions
What type of property is this?
Flex space - 10,364 SF office/flex building with warehouse space and loading dock.
Where is this flex space located?
The property is located at 100 Summit St Peabody, MA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Premier office/flex facility with ±10,364 SF; Stable in‑place cash flow with future upside potential; Modern, professional office space
