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$232.12
Days on Market175
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: Oct 3
Last Checked: Oct 19 at 5:23AM
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.
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 / Yr
$41,332
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
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
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 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 7.52%
Second Best
Warehouse
$437.1K
$382.5K – $510.0K
NOI $30,599 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,171 @ 7.0% cap · market cap 17.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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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 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 $549,900.
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
