Industrial Contractor Bay
For Sale
$575,000
1431 Hilldale Ave #5, Haverhill, MA 01832
New steel contractor bay condo with 23-foot ceilings, 14-foot overhead door, mezzanine, and deeded parking.
Property Size2,442 SF
Price / SF$235.46
Days on Market25
Property Features for 1431 Hilldale Ave #5
General Information
Standard status
Active
Size
2,442 SF
Total Parking Spaces
5
Warehouse & Industrial
Clear Height
23 ft
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
2026
Construction
steel
Tenancy
Multi
Listing Agency:
Four Points Real Estate, LLC
(617) 306-3926
Listed By:
Chapman Real Estate Group
Source:
Laerrealty
Added: Jul 7
Changed: Jul 21
Last Checked: Jul 30 at 2:58AM
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 Four Points Real Estate, LLC
Investment Insights
Based on property information with market context.
This brand new steel industrial/commercial contractor bay is offered as part of an eight-unit condo building. Each condo unit totals 2,442 square feet and includes 23-foot ceilings, a 14-foot overhead door, and a 600-square-foot mezzanine. Units also feature a first-floor half bath with a slop sink. Heat is provided by a gas Modine system.
The building is fully sprinkled and equipped with fire alarms. Each unit includes five deeded outdoor parking spaces, and the property also provides the ability to park vehicles inside.
The site is described as being 1 mile from Plaistow shopping and 2 miles from Route 495, supporting convenient access for contractor and industrial operations.
The building is fully sprinkled and equipped with fire alarms. Each unit includes five deeded outdoor parking spaces, and the property also provides the ability to park vehicles inside.
The site is described as being 1 mile from Plaistow shopping and 2 miles from Route 495, supporting convenient access for contractor and industrial operations.
Key Highlights
- Brand‑new steel contractor bay condo building built in 2026
- 8 total condo units, each offering 2,442 SF with 23‑ft ceilings and a 14‑ft overhead door
- Each unit includes a 600 SF mezzanine plus a first‑floor half bath with slop sink
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.3k | $28.80 |
| − Vacancy | −$4.8k | −$1.96 |
| EGI | $65.5k | $26.84 |
| − OpEx | −$22.9k | −$9.39 |
| NOI | $42.6k | $17.45 |
2,442 SF · lease $28.80/SF/yr · vacancy 6.80% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$608.7K
$532.6K – $710.1K
NOI $42,606 @ 7.0% cap · market cap 7.41%
Second Best
Warehouse
$450.6K
$394.3K – $525.7K
NOI $31,542 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$1.45M
$1.26M – $1.69M
NOI $101,196 @ 7.0% cap · market cap 17.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
23 ft
Clear height
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01832, MA
25,656
Population
10,735
Households
2.4
Avg Household Size
38
Median Age
28%
College-Educated
90%
High-School Grad
11.4 sq mi
ZIP Area
2,251
Density / Sq Mi
$81,141
Median Household Income
$47,151
Median Earnings
$1,612
Median Rent
$410,300
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - New steel contractor bay condo with 23-foot ceilings, 14-foot overhead door, mezzanine, and deeded parking.
Where is this flex space located?
The property is located at 1431 Hilldale Ave #5 Haverhill, MA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Brand‑new steel contractor bay condo building built in 2026; 8 total condo units, each offering 2,442 SF with 23‑ft ceilings and a 14‑ft overhead door; Each unit includes a 600 SF mezzanine plus a first‑floor half bath with slop sink
