Flex Industrial Condominium
For Sale
$865,000
2 New Pasture #5&6, Newburyport, MA 01952
Grade-level loading and a balanced office/industrial layout within a well-maintained industrial complex.
Property Size4,961 SF
Price / SF$174.36
Days on Market98
Property Features for 2 New Pasture #5&6
General Information
Standard status
Active
Size
4,961 SF
Property subtype
Commercial
Building Details
Year Built
1988
Listing Agency:
Nordlund Associates
(978) 762-0500
Listed By:
Kevin Olson · License #9515067-RE-S
(978) 762-0500
Source:
Liongatere
Added: Apr 25
Changed: Jul 21
Last Checked: Jul 22 at 6:39AM
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 Nordlund Associates
Investment Insights
Based on property information with market context.
Units 5 & 6 at 2 New Pasture Road is a ±4,961 SF flex/industrial condominium within a well-maintained industrial complex in Newburyport. The space is configured with grade-level loading and a balanced office/industrial layout designed to support a variety of flex, light industrial, or service-oriented uses.
The property is located within the established industrial community at 2 New Pasture Road, providing a straightforward, logistics-friendly configuration for users that need direct loading access alongside functional office space.
This offering consists of two condo units combined, offering one cohesive space built around practical office/warehouse-style functionality and grade-level loading.
The property is located within the established industrial community at 2 New Pasture Road, providing a straightforward, logistics-friendly configuration for users that need direct loading access alongside functional office space.
This offering consists of two condo units combined, offering one cohesive space built around practical office/warehouse-style functionality and grade-level loading.
Key Highlights
- ±4,961 SF flex/industrial condominium
- Grade‑level loading
- Balanced office/industrial layout
Financial Insights For Warehouse
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 | $79.8k | $16.08 |
| − Vacancy | −$4.4k | −$0.88 |
| EGI | $75.4k | $15.20 |
| − OpEx | −$11.3k | −$2.28 |
| NOI | $64.1k | $12.92 |
4,961 SF · lease $16.08/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$1.24M
$1.08M – $1.44M
NOI $86,555 @ 7.0% cap · market cap 10.01%
Second Best
Warehouse
$915.4K
$801.0K – $1.07M
NOI $64,078 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$2.94M
$2.57M – $3.43M
NOI $205,583 @ 7.0% cap · market cap 23.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
642
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01952, MA
9,236
Population
4,981
Households
1.9
Avg Household Size
52
Median Age
44%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
600
Density / Sq Mi
$102,521
Median Household Income
$54,344
Median Earnings
$1,646
Median Rent
$450,100
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 - Grade-level loading and a balanced office/industrial layout within a well-maintained industrial complex.
Where is this flex space located?
The property is located at 2 New Pasture #5&6 Newburyport, MA.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: ±4,961 SF flex/industrial condominium; Grade‑level loading; Balanced office/industrial layout
