Brand-New Industrial Contractor
For Sale
$725,000
1431 Hilldale Avenue Unit 1, Haverhill, MA 01832
Steel contractor bay offers 23-foot ceilings, 14-foot overhead doors, mezzanine space, and deeded parking for each bay.
Property Size3,084 SF
Price / SF$235.08
Days on Market70
Property Features for 1431 Hilldale Avenue Unit 1
General Information
Standard status
Active
Size
3,084 SF
Total Parking Spaces
5
Property subtype
Commercial
Warehouse & Industrial
Clear Height
23 ft
Sprinkler System
Yes
Building Details
Year Built
2026
Construction
steel
Tenancy
Multi
Listing Agency:
Four Points Real Estate,LLC
Listed By:
Chapman Real Estate Group
(413) 768-9848
Source:
Wandamooney
Added: May 24
Changed: Jul 22
Last Checked: Jul 23 at 7:21AM
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 brand-new steel industrial contractor bay is part of a condo-style building that includes a total of 8 units, each totaling 3,084 sf. The units feature 23-foot ceilings and 14-foot overhead doors, along with large 600 sf mezzanines. Each unit includes a first-floor half bath with a slop sink, and is heated with a gas Modine system. The building is fully sprinkled and has fire alarms.
Each bay includes 5 deeded outdoor parking spaces, with the ability to park vehicles inside as well.
For buyers looking to reserve a unit for near-term occupancy, the listing notes a target to be in by Summer, with timing tied to reserving a condo.
Each bay includes 5 deeded outdoor parking spaces, with the ability to park vehicles inside as well.
For buyers looking to reserve a unit for near-term occupancy, the listing notes a target to be in by Summer, with timing tied to reserving a condo.
Key Highlights
- New steel industrial/commercial contractor bay with 8 condo units, totaling 3,084 SF each
- Each unit features 23‑ft ceilings and 14‑ft overhead doors
- Includes 600 SF mezzanines in each unit for added workspace
Financial Insights For Flex RnD
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 | $88.8k | $28.80 |
| − Vacancy | −$6.0k | −$1.96 |
| EGI | $82.8k | $26.84 |
| − OpEx | −$29.0k | −$9.39 |
| NOI | $53.8k | $17.45 |
3,084 SF · lease $28.80/SF/yr · vacancy 6.80% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$768.7K
$672.6K – $896.8K
NOI $53,807 @ 7.0% cap · market cap 7.42%
Second Best
Warehouse
$569.1K
$497.9K – $663.9K
NOI $39,834 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,800 @ 7.0% cap · market cap 17.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
23 ft
Clear height
Multi-tenant
Tenancy
Yes
Sprinkler system
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
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Frequently Asked Questions
What type of property is this?
Flex space - Steel contractor bay offers 23-foot ceilings, 14-foot overhead doors, mezzanine space, and deeded parking for each bay.
Where is this flex space located?
The property is located at 1431 Hilldale Avenue Unit 1 Haverhill, MA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: New steel industrial/commercial contractor bay with 8 condo units, totaling 3,084 SF each; Each unit features 23‑ft ceilings and 14‑ft overhead doors; Includes 600 SF mezzanines in each unit for added workspace
