Renovated Office
For Sale
Contact for pricing
118 Pleasant Street # 22-A, Marblehead, MA 01945
Central air and high ceilings support a professional client meeting setting.
Property Size131 SF
Price / SF$3.36
Days on Market417
Property Features for 118 Pleasant Street # 22-A
General Information
Standard status
Active
Size
131 SF
Property subtype
Commercial
Zoning
000
Additional Details
Public Transit
Yes
Amenities
central air
high ceilings
Building Details
Year Built
1940
Listing Agency:
William Raveis R.E. & Home Services
(781) 631-1199
Listed By:
Debra Goldberg
(781) 771-8189
Source:
Churchillprop
Added: Sep 4, 2025
Changed: Oct 6
Last Checked: Oct 24 at 2:54PM
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 William Raveis R.E. & Home Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 131-square-foot office unit provides a compact professional setting for individual work and client meetings. The space has been newly renovated and includes central air conditioning and high ceilings within a building constructed in 1940.
The office is located at 118 Pleasant Street in Marblehead, with bus service nearby. Shops, restaurants, a theater, the harbor, and the Old Town area are all identified in the surrounding setting, providing a range of nearby destinations for occupants and visitors.
The office is located at 118 Pleasant Street in Marblehead, with bus service nearby. Shops, restaurants, a theater, the harbor, and the Old Town area are all identified in the surrounding setting, providing a range of nearby destinations for occupants and visitors.
Key Highlights
- 131‑square‑foot office unit
- Newly renovated interior
- Central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,651
Suggested Prices Based on Cap Rates
Cap Rate 5%
$73,020
$73.0K
Cap Rate 7%
$52,157
$52.2K
Cap Rate 9%
$40,567
$40.6K
Market Conditions
NOI Build-Up for 131 SF
Gross rent
$6.0K $45.60/SF
− Vacancy
−$1.1K −$8.44/SF
EGI
$4.9K $37.16/SF
− OpEx
−$1.2K −$9.29/SF
NOI
$3.7K $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%
$73,020
Cap Rate 7%
$52,157
Cap Rate 9%
$40,567
Alternative Uses
Best Use
Office B
$52.2K
$45.6K – $60.9K
NOI $3,651 @ 7.0% cap · market cap 829.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$77.6K
$67.9K – $90.5K
NOI $5,429 @ 7.0% cap · market cap 1,233.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,316
Businesses Nearby
Explore this area
Business Placement
Demographics for 01945, MA
20,462
Population
8,899
Households
2.3
Avg Household Size
49
Median Age
77%
College-Educated
99%
High-School Grad
4.4 sq mi
ZIP Area
4,650
Density / Sq Mi
$164,325
Median Household Income
$83,539
Median Earnings
$1,769
Median Rent
$904,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Central air and high ceilings support a professional client meeting setting.
Where is this office unit located?
The property is located at 118 Pleasant Street # 22-A Marblehead, MA.
What are key features of this property?
This property features: 131‑square‑foot office unit; Newly renovated interior; Central air conditioning
