Industrial Contractor Bay
For Sale
$549,900
1431 Hilldale Ave # 7, Haverhill, MA 01832
New industrial contractor bay condo with 23-foot ceilings, 14-foot overhead doors, and deeded outdoor parking.
Property Size2,442 SF
Price / SF$225.18
Days on Market105
Property Features for 1431 Hilldale Ave # 7
General Information
Standard status
Active
Size
2,442 SF
Total Parking Spaces
5
Property subtype
Commercial
Zoning
BP
Warehouse & Industrial
Clear Height
23 ft
Drive-In Doors
1
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
2026
Listing Agency:
Four Points Real Estate, LLC
(888) 944-5827
Listed By:
Chapman Real Estate Group
(617) 306-3926
Source:
Churchillprop
Added: Jul 9
Changed: Oct 6
Last Checked: Oct 20 at 6:03PM
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
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Investment Insights
Based on property information with market context.
New steel industrial/commercial contractor bay offered as part of an eight-unit condo building. Each 2,442-square-foot unit includes 23-foot ceilings and a 14-foot overhead door, plus a 600-square-foot mezzanine. The layout also features a first-floor half bath with a slop sink. Units are equipped with a gas Modine heating system, and the building is fully sprinkled with fire alarms.
Each bay includes five deeded outdoor parking spaces, with the ability to park vehicles inside the facility as well. The property is described as being about one mile to Plaistow shopping and about two miles to Route 495.
Each bay includes five deeded outdoor parking spaces, with the ability to park vehicles inside the facility as well. The property is described as being about one mile to Plaistow shopping and about two miles to Route 495.
Key Highlights
- Brand‑new industrial/commercial contractor bay condo with 8 condo units, each totaling 2,442 SF
- Each unit features 23 ft ceilings and a 14 ft overhead door
- Units include a 600 SF mezzanine and a first‑floor half bath with a slop sink
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,606
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$852,120
$852.1K
Cap Rate 7%
$608,657
$608.7K
Cap Rate 9%
$473,400
$473.4K
Market Conditions
NOI Build-Up for 2,442 SF
Gross rent
$70.3K $28.80/SF
− Vacancy
−$4.8K −$1.96/SF
EGI
$65.5K $26.84/SF
− OpEx
−$22.9K −$9.39/SF
NOI
$42.6K $17.45/SF
Area
Essex County, MA
Vacancy
6.80%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$852,120
Cap Rate 7%
$608,657
Cap Rate 9%
$473,400
Alternative Uses
Best Use
Flex RnD
$608.7K
$532.6K – $710.1K
NOI $42,606 @ 7.0% cap · market cap 7.75%
Second Best
Warehouse
$450.6K
$394.3K – $525.7K
NOI $31,542 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$1.45M
$1.26M – $1.69M
NOI $101,196 @ 7.0% cap · market cap 18.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
23 ft
Clear height
1
Drive-in doors
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - New industrial contractor bay condo with 23-foot ceilings, 14-foot overhead doors, and deeded outdoor parking.
Where is this flex space located?
The property is located at 1431 Hilldale Ave # 7 Haverhill, MA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Brand‑new industrial/commercial contractor bay condo with 8 condo units, each totaling 2,442 SF; Each unit features 23 ft ceilings and a 14 ft overhead door; Units include a 600 SF mezzanine and a first‑floor half bath with a slop sink
