Historic Vineyard
11 Marbleridge Rd, North Andover, MA 01845
For Sale
$2,595,000
Winery property with historic barns, three guesthouses, and a separately buildable lot.
Property Size6,426 SF
Price / SF$403.83
Days on Market94
Property Features for 11 Marbleridge Rd
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
LandVest, Inc., Manchester -by-the-Sea
(781) 933-2500
Listed By:
Lanse Robb
(978) 590-0056
Source:
Kiklisre
Added: Aug 9
Changed: Oct 25
Last Checked: Nov 10 at 8:20AM
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 LandVest, Inc., Manchester -by-the-Sea
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Investment Insights
Based on property information with market context.
This Vineyard property combines a main residence with an operating winery destination, historic barns, vineyard acreage, open fields, mature woodlands, meadows, and stone walls. The barns contain tasting rooms, while three restored guesthouses are used for short-term rentals. The estate also includes a separately buildable lot with vineyard and open space, providing room for an additional residence or guesthouse.
The property carries no preservation restrictions, supporting a range of potential directions for the historic buildings and outbuildings. Existing features can accommodate continued winery and hospitality operations, a private family compound, equestrian use, farm activities, studios, workshops, collector garages, event spaces, or recreational purposes. Located at 11 Marbleridge Road in North Andover, Massachusetts, the estate is positioned near schools, villages, dining, cultural attractions, and commuter routes.
The property carries no preservation restrictions, supporting a range of potential directions for the historic buildings and outbuildings. Existing features can accommodate continued winery and hospitality operations, a private family compound, equestrian use, farm activities, studios, workshops, collector garages, event spaces, or recreational purposes. Located at 11 Marbleridge Road in North Andover, Massachusetts, the estate is positioned near schools, villages, dining, cultural attractions, and commuter routes.
Key Highlights
- Operating winery with tasting rooms in historic barns
- Three restored guesthouses used for short‑term rentals
- Separately buildable lot with vineyard and open space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,716
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,954,320
$2.0M
Cap Rate 7%
$1,395,943
$1.4M
Cap Rate 9%
$1,085,733
$1.1M
Market Conditions
NOI Build-Up for 6,426 SF
Gross rent
$185.1K $28.80/SF
− Vacancy
−$7.4K −$1.15/SF
EGI
$177.7K $27.65/SF
− OpEx
−$79.9K −$12.44/SF
NOI
$97.7K $15.21/SF
Area
Essex County, MA
Vacancy
4.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,954,320
Cap Rate 7%
$1,395,943
Cap Rate 9%
$1,085,733
Alternative Uses
Best Use
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,716 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.80M
$3.33M – $4.44M
NOI $266,292 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Vineyard - Winery property with historic barns, three guesthouses, and a separately buildable lot.
Where is this vineyard located?
The property is located at 11 Marbleridge Rd North Andover, MA.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: Operating winery with tasting rooms in historic barns; Three restored guesthouses used for short‑term rentals; Separately buildable lot with vineyard and open space
