Standalone Two-Story Office
For Sale
$675,000
125 Ipswich Rd, Topsfield, MA 01983
Configured with clinical suites, treatment rooms, reception, restrooms, and paved on-site parking.
Property Size2,184 SF
Price / SF$309.07
Days on Market48
Property Features for 125 Ipswich Rd
General Information
Standard status
Active
Size
2,184 SF
Property subtype
Commercial
Zoning
IRA
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$8,111
Building Details
Year Built
1977
Buildings
1
Stories
2
Owner Occupied
Yes
Listing Agency:
Coldwell Banker Realty
(978) 462-4430
Listed By:
Barry Mitchell
(508) 527-3529
Source:
Churchillprop
Added: Sep 16
Changed: Oct 31
Last Checked: Nov 1 at 3:19AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This standalone office property contains 2,184 SF across two stories and is currently occupied by a chiropractic and physical therapy clinic. The interior includes two clinical suites, private treatment and consultation rooms, a reception area, and multiple restrooms. The layout is arranged for patient and client movement, with paved parking on the property for staff and visitors.
The building is at 125 Ipswich Rd in Topsfield, near Route 1 and a signalized intersection. Dunkin Donuts and a gas station are identified at the intersection, and the site is positioned along a primary approach to downtown Ipswich. Zoning is IRA, with professional office, medical and therapy practice, and single-family residential conversion identified as permitted uses.
The building is at 125 Ipswich Rd in Topsfield, near Route 1 and a signalized intersection. Dunkin Donuts and a gas station are identified at the intersection, and the site is positioned along a primary approach to downtown Ipswich. Zoning is IRA, with professional office, medical and therapy practice, and single-family residential conversion identified as permitted uses.
Key Highlights
- 2,184 SF office building arranged over two stories
- Two clinical suites with private treatment and consultation rooms
- Currently occupied by a chiropractic and physical therapy clinic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,875
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,217,500
$1.2M
Cap Rate 7%
$869,643
$869.6K
Cap Rate 9%
$676,389
$676.4K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$99.6K $45.60/SF
− Vacancy
−$18.4K −$8.44/SF
EGI
$81.2K $37.16/SF
− OpEx
−$20.3K −$9.29/SF
NOI
$60.9K $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%
$1,217,500
Cap Rate 7%
$869,643
Cap Rate 9%
$676,389
Alternative Uses
Best Use
Office B
$869.6K
$760.9K – $1.01M
NOI $60,875 @ 7.0% cap · market cap 9.02%
Second Best
Healthcare Medical
$575.5K
$503.6K – $671.5K
NOI $40,287 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,504 @ 7.0% cap · market cap 13.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
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Business Placement
Demographics for 01983, MA
6,569
Population
2,319
Households
2.8
Avg Household Size
47
Median Age
73%
College-Educated
98%
High-School Grad
11.9 sq mi
ZIP Area
552
Density / Sq Mi
$176,698
Median Household Income
$74,872
Median Earnings
$1,003
Median Rent
$810,400
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Configured with clinical suites, treatment rooms, reception, restrooms, and paved on-site parking.
Where is this office building located?
The property is located at 125 Ipswich Rd Topsfield, MA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 2,184 SF office building arranged over two stories; Two clinical suites with private treatment and consultation rooms; Currently occupied by a chiropractic and physical therapy clinic
