New Flex Space with
For Sale
Contact for pricing
1431 Hilldale Avenue, Haverhill, MA 01832
New contractor-oriented bays offer customizable interiors, overhead access, dedicated parking, and building-wide fire protection.
Property Size2,369 SF
Price / SF$253.23
Days on Market126
Property Features for 1431 Hilldale Avenue
General Information
Standard status
Active
Size
2,369 SF
Class
B
Property subtype
Industrial, Special Purpose
Zoning
BP
Building Details
Year Built
2026
Buildings
1
Units
8
Listing Agency:
Four Points Real Estate, LLC
Listed By:
Andrew Chapman · License #MA
Source:
Crexi
Added: Apr 29
Changed: Aug 29
Last Checked: Aug 31 at 9:16PM
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 new flex property is configured as an eight-unit condominium building for industrial and commercial contractor use. Each bay includes a 23-foot ceiling, a 14-foot overhead door, and a 450-square-foot mezzanine. A first-floor half bath with slop sink, gas Modine heating, sprinklers, and fire alarms are provided in each unit. Interior layouts can be customized to suit individual operating requirements, with vehicles also able to park inside.
The property is located at 1431 Hilldale Avenue in Haverhill, Massachusetts, approximately 1 mile from Plaistow shopping and 2 miles from Route 495. Each bay includes five deeded outdoor parking spaces, supplementing the interior vehicle storage capability.
The property is located at 1431 Hilldale Avenue in Haverhill, Massachusetts, approximately 1 mile from Plaistow shopping and 2 miles from Route 495. Each bay includes five deeded outdoor parking spaces, supplementing the interior vehicle storage capability.
Key Highlights
- Eight‑unit flex condominium building
- 23‑foot ceilings and 14‑foot overhead doors
- 450‑square‑foot mezzanines in each bay
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,332
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$826,640
$826.6K
Cap Rate 7%
$590,457
$590.5K
Cap Rate 9%
$459,244
$459.2K
Market Conditions
NOI Build-Up for 2,369 SF
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.
Gross rent
$68.2K $28.80/SF
− Vacancy
−$4.6K −$1.96/SF
EGI
$63.6K $26.84/SF
− OpEx
−$22.3K −$9.39/SF
NOI
$41.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$826,640
Cap Rate 7%
$590,457
Cap Rate 9%
$459,244
Alternative Uses
Best Use
Flex RnD
$590.5K
$516.7K – $688.9K
NOI $41,332 @ 7.0% cap · market cap 6.89%
Second Best
Warehouse
$437.1K
$382.5K – $510.0K
NOI $30,599 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,171 @ 7.0% cap · market cap 16.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - New contractor-oriented bays offer customizable interiors, overhead access, dedicated parking, and building-wide fire protection.
Where is this flex space located?
The property is located at 1431 Hilldale Avenue Haverhill, MA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Eight‑unit flex condominium building; 23‑foot ceilings and 14‑foot overhead doors; 450‑square‑foot mezzanines in each bay
