Spa & Wellness Commercial
1019-1019 Osgood St, North Andover, MA 01845
For Sale
$849,000
Configured for wellness, salon, counseling, and other professional or retail uses with reception and private rooms.
Property Size2,495 SF
Price / SF$340.28
Days on Market165
Property Features for 1019-1019 Osgood St
General Information
Standard status
Size
Additional Details
Office Units
Taxes and HOA fees
Annual Taxes
Listing Agency:
RE/MAX Partners
(508) 635-1600
Listed By:
James Kalogeropoulos · License MA #453010020
(774) 696-1810
Source:
Exprealty
Added: Jun 1
Changed: Oct 25
Last Checked: Nov 12 at 1:21PM
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 RE/MAX Partners
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Investment Insights
Based on property information with market context.
This 2,495-square-foot commercial condominium at 1019-1019 Osgood St in North Andover features a specialized interior layout for spa, wellness, medical aesthetics, salon, counseling, and other professional or retail operations. The space includes a reception area, 12 workstations, 3 private treatment or consultation rooms, 4 wash stations, multiple utility areas, and 2 half baths.
High-quality finishes and an established buildout support immediate occupancy with limited additional construction. The property also includes on-site parking and is positioned within a business corridor described as accessible and highly visible. The existing business may be available separately through negotiation.
High-quality finishes and an established buildout support immediate occupancy with limited additional construction. The property also includes on-site parking and is positioned within a business corridor described as accessible and highly visible. The existing business may be available separately through negotiation.
Key Highlights
- 2,495 SF commercial condominium at 1019‑1019 Osgood St, North Andover, MA
- Interior includes 12 workstations and a dedicated reception area
- 3 private treatment or consultation rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,543
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,390,860
$1.4M
Cap Rate 7%
$993,471
$993.5K
Cap Rate 9%
$772,700
$772.7K
Market Conditions
NOI Build-Up for 2,495 SF
Gross rent
$113.8K $45.60/SF
− Vacancy
−$21.0K −$8.44/SF
EGI
$92.7K $37.16/SF
− OpEx
−$23.2K −$9.29/SF
NOI
$69.5K $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%
$1,390,860
Cap Rate 7%
$993,471
Cap Rate 9%
$772,700
Alternative Uses
Best Use
Office B
$993.5K
$869.3K – $1.16M
NOI $69,543 @ 7.0% cap · market cap 8.19%
Second Best
Healthcare Medical
$657.5K
$575.3K – $767.1K
NOI $46,024 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,392 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
213
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 01845, MA
31,855
Population
12,010
Households
2.7
Avg Household Size
39
Median Age
61%
College-Educated
97%
High-School Grad
26.4 sq mi
ZIP Area
1,207
Density / Sq Mi
$134,319
Median Household Income
$64,592
Median Earnings
$2,113
Median Rent
$670,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Medi-Weightloss North Andover — 997 Osgood St, North Andover, MA 01845
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Configured for wellness, salon, counseling, and other professional or retail uses with reception and private rooms.
Where is this spa & wellness property located?
The property is located at 1019-1019 Osgood St North Andover, MA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 2,495 SF commercial condominium at 1019‑1019 Osgood St, North Andover, MA; Interior includes 12 workstations and a dedicated reception area; 3 private treatment or consultation rooms
