6-Room Professional Office
New
For Sale
Contact for pricing
130 County Rd Unit 1B, Ipswich, MA 01938
Occupants benefit from included heat, air conditioning, hot water, electricity, snow removal, and common-area maintenance.
Property Size785 SF
Price / SF$3.31
Days on Market5
Property Features for 130 County Rd Unit 1B
General Information
Standard status
Active
Size
785 SF
Property subtype
Commercial
Additional Details
Floor
1st Floor
Utilities to Site
Yes
Office Units
1
Property Use
Professional Office
Building Details
Year Built
1982
Listing Agency:
The Mega Group
(978) 762-9771
Listed By:
Colleen Cohan
(781) 760-4356
Source:
Lockandkeyre
Added: Oct 27
Changed: Oct 31
Last Checked: Oct 31 at 3:08AM
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 The Mega Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit B is a 785 +/- square foot office suite on the first floor of the Cable Professional Building. Its six rooms include four private offices, a reception area, and an open bullpen. The suite has its own bathroom, with two handicap-accessible restrooms in the shared area. The layout supports medical and professional office uses.
The suite faces the building’s front entrance and is at the junction of Route 133 and Route 1A, across from the Hellenic Center. On-site campus parking is available. Heat, air conditioning, hot water, electricity, snow removal, and common-area maintenance are included in the monthly rent.
The suite faces the building’s front entrance and is at the junction of Route 133 and Route 1A, across from the Hellenic Center. On-site campus parking is available. Heat, air conditioning, hot water, electricity, snow removal, and common-area maintenance are included in the monthly rent.
Key Highlights
- 785 +/- square foot suite with six rooms
- Four private rooms, a reception area, and an open bullpen
- First‑floor position directly across from the building’s front entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,880
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,600
$437.6K
Cap Rate 7%
$312,571
$312.6K
Cap Rate 9%
$243,111
$243.1K
Market Conditions
NOI Build-Up for 785 SF
Gross rent
$35.8K $45.60/SF
− Vacancy
−$6.6K −$8.44/SF
EGI
$29.2K $37.16/SF
− OpEx
−$7.3K −$9.29/SF
NOI
$21.9K $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%
$437,600
Cap Rate 7%
$312,571
Cap Rate 9%
$243,111
Alternative Uses
Best Use
Office B
$312.6K
$273.5K – $364.7K
NOI $21,880 @ 7.0% cap · market cap 841.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$464.7K
$406.6K – $542.2K
NOI $32,530 @ 7.0% cap · market cap 1,251.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Explore this area
Business Placement
Demographics for 01938, MA
13,785
Population
6,270
Households
2.2
Avg Household Size
51
Median Age
57%
College-Educated
98%
High-School Grad
32.1 sq mi
ZIP Area
429
Density / Sq Mi
$124,405
Median Household Income
$62,161
Median Earnings
$1,525
Median Rent
$701,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Occupants benefit from included heat, air conditioning, hot water, electricity, snow removal, and common-area maintenance.
Where is this office unit located?
The property is located at 130 County Rd Unit 1B Ipswich, MA.
What are key features of this property?
This property features: 785 +/- square foot suite with six rooms; Four private rooms, a reception area, and an open bullpen; First‑floor position directly across from the building’s front entrance
