Peabody Office/Flex Facility For
For Sale
Contact for pricing
100 Summit St, Peabody, MA 01960
10,364 SF office/flex building with warehouse space and loading dock.
Property Size10,364 SF
Price / SF$214.20
Days on Market148
Property Features for 100 Summit St
General Information
Standard status
Active
Size
10,364 SF
Class
B
Property subtype
Industrial, Office
Zoning
Industrial Park
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Building Details
Year Built
1972
Year Renovated
1983
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Hunneman
(617) 457-3336
Listed By:
Henry Lieber · License #MA 9516938-RE-S
Source:
Crexi
Added: Mar 17
Changed: Aug 8
Last Checked: Aug 10 at 2:43PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$180,821
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,616,420
Cap Rate 7%
$2,583,157
Cap Rate 9%
$2,009,122
Alternative Uses
Best Use
Office B
$4.13M
$3.61M – $4.81M
NOI $288,876 @ 7.0% cap · market cap 13.01%
Second Best
Flex RnD
$2.58M
$2.26M – $3.01M
NOI $180,821 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$6.14M
$5.37M – $7.16M
NOI $429,482 @ 7.0% cap · market cap 19.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in Northeast region
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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 $2,220,000.
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
