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    319 Newburyport Turnpike Rowley, MA 1969

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    For Lease
    Contact for pricing

    Professional office suite for rent in Rowley Business Park.

    Type:IND, OFC
    Property size:
    3,700 SF
    Added:
    Mar 18, 2025
    Days on Market:
    387
    Last Refresh:
    Apr 3 at 4:55 am

    Property Features for 319 Newburyport Turnpike

    General Information

    Standard status
    Active
    Size
    3,700 SF
    Property subtype
    IND, OFC

    Building Details

    Year Built
    2005

    Spaces For Lease

    at 319 Newburyport Turnpike Contact us

    We can help!

    Listing Contact
    Lauren Defrancesco

    Listing agent Lauren Defrancesco License #9576270, MA, NH

    Listing office KW Commercial | Faulkner Commercial Group

    Listing date Mar 18, 2025

    Source Realnex

    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 KW Commercial | Faulkner Commercial Group

    Overview

    Rowley Business Park Office Suite

    Located directly on Route 1, the Rowley Business Park features a 3,700 square foot second-floor professional office suite. The suite includes a large open office area, conference rooms, multiple private offices, and a kitchen. It is accessible via elevator or staircase, with restrooms located in the common area. The tenant is responsible for utilities and NNN expenses in addition to base rent under the terms of the NNN lease. The Rowley Business Park is situated on historic Route 1, which benefits from a high traffic count of 12,000 AADT and favorable demographics. The building is professionally landscaped and well-maintained, with parking available in the front and on the side. The property is located 6 miles from downtown Newburyport, 3.5 miles from I-95, and a half-mile from Route 133. NNN fees are currently $3.95 per square foot. Prospective tenants are encouraged to perform due diligence in all aspects of a contemplated tenancy.
    Location Intelligence

    Current Use by Public Records

    CBL Precision Machining Industrial Manufacturer beverly hospital Hospital Susan Leader Physician Jessica Fortin Physician Ryan Boyd Physician

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rowley
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9059263
    Latitude
    42.7146043

    Nearby Similar for Lease

    • $13/mo

      Professional Office Suite on Route 1

      3,700 SF office suite in Rowley Business Park.
      319 Newburyport Tpke unit: 209-210, Rowley, MA 01969
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    • $13/mo

      Rowley Industrial Space for Lease

      1,500 SF industrial space ideal for manufacturing or warehouse.
      319 Newburyport Tpke unit: 00, Rowley, MA 01969
      View Details
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      Industrial Single Tenant Warehouse Space

      Single tenant industrial warehouse space available for lease.
      319 Newburyport Turnpike, Rowley, MA 01969
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      Available Class A Flex Space

      56,377 SF Class A flex space opportunity for rent.
      Rowley, MA 01969
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      Rowley Flex Space Opportunity

      56,377 SF Class A flex space available for rent.
      428 Newburyport Tpke, Rowley, MA
      View Details

    FAQs

    What type of property is this?
    Office units - Professional office suite for rent in Rowley Business Park.
    Where is this office units located?
    The property is located at 319 Newburyport Turnpike Rowley, MA.
    What are key features of this property?
    This property features: Prime location directly on Route 1 with high traffic count (12,000 AADT) and excellent demographics.; Convenient access to major routes: 6 miles from downtown Newburyport, 3.5 miles to I‑95, and a half‑mile to Route 133.; **3,700sf sun‑drenched second‑floor office suite with large open area, conference rooms, private offices, and kitchen.**
    (978) 609-8689
    We can help!
    Listing Contact
    Lauren Defrancesco
    Real Estate License ID: 9576270, MA, NH
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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