Building Details

Year Built 1968

Stories 1

Listing Agency: Century 21 North East

Listed By: Victoria Dimino Show Phone

Source: Donnellyandco

Added: Sep 13, 2025 Changed: Oct 6 Last Checked: Oct 10 at 2:08AM

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Investment Insights

Based on property information with market context.

11 Maple St is a versatile, single-level commercial building offering adaptable interior space for a range of professional uses. The layout includes multiple private offices, a full kitchen, and two bathrooms, supporting businesses that need dedicated work areas and added functionality within the suite.

The property features ground-level entry for straightforward access, and it includes over ten parking spaces for visitors and staff. A shed is also provided for additional storage.

Previously used as a music and recording center, the flexible configuration can fit multiple office-oriented and wellness-oriented operations, depending on the buyer’s intended business use and requirements.

Key Highlights

• Single‑level commercial building built in 1968 with just under 2,800 sq. ft. of adaptable space
• Interior includes multiple private offices, a full kitchen, and 2 bathrooms
• Previously used as a music and recording center; layout suited for multiple professional uses

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$78,044

Cap Rate

9.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,560,880 $1.6M

Cap Rate 7%

$1,114,914 $1.1M

Cap Rate 9%

$867,156 $867.2K

Market Conditions

NOI Build-Up for 2,800 SF

Gross rent

$127.7K $45.60/SF

− Vacancy

−$23.6K −$8.44/SF

EGI

$104.1K $37.16/SF

− OpEx

−$26.0K −$9.29/SF

NOI

$78.0K $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%

$1,560,880

Cap Rate 7%

$1,114,914

Cap Rate 9%

$867,156

Alternative Uses

Best Use

Office B

$1.11M

$975.6K – $1.30M (±1% cap)

NOI $78,044 @ 7.0% cap · market cap 9.18%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.66M

$1.45M – $1.93M (±1% cap)

NOI $116,031 @ 7.0% cap · market cap 13.65%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

West Newbury School ... Vocational School On the Fringe Studios Film Production

Suggested Use

Top Pick Building Supply Real Estate Agency Restaurant Auto Parts Store Plumbing Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

156

Businesses Nearby

Explore this area Business Placement

Demographics for 01985, MA

4,500

Population

1,799

Households

2.5

Avg Household Size

48

Median Age

67%

College-Educated

98%

High-School Grad

13.4 sq mi

ZIP Area

336

Density / Sq Mi

$189,048

Median Household Income

$78,669

Median Earnings

$1,809

Median Rent

$765,800

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this office units located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Office units - Adaptable single-level commercial building with private offices, full kitchen, and two bathrooms, plus over ten parking spaces.

Where is this office units located?

The property is located at 11 Maple St West Newbury, MA.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: Single‑level commercial building built in 1968 with just under 2,800 sq. ft. of adaptable space; Interior includes multiple private offices, a full kitchen, and 2 bathrooms; Previously used as a music and recording center; layout suited for multiple professional uses