Industrial Condo Bay with
For Sale
$549,900
1431 Hilldale Ave # 2, Haverhill, MA 01832
Brand-new steel industrial condo bay with 23-foot ceilings, 14-foot overhead door, and mezzanine.
Property Size2,442 SF
Price / SF$225.18
Days on Market146
Property Features for 1431 Hilldale Ave # 2
General Information
Standard status
Active
Size
2,442 SF
Total Parking Spaces
5
Property subtype
Commercial
Zoning
BP
Warehouse & Industrial
Clear Height
23 ft
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: May 29
Changed: Oct 6
Last Checked: Oct 20 at 6:45PM
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.
Brand-new steel industrial/commercial contractor bay offered as one of eight condo units. Each unit is described as approximately 2,442 square feet and includes 23-foot ceilings, a 14-foot overhead door, and a large 600-square-foot mezzanine. The first floor features a half bath with a slop sink. Heating is provided via a gas Modine system. The building is fully sprinkled and equipped with fire alarms.
For parking, each bay includes five deeded outdoor spaces, with the ability to park vehicles inside.
The property is located at 1431 Hilldale Avenue, Unit 2 in Haverhill, MA, with convenient proximity to Plaistow shopping (about 1 mile) and Route 495 (about 2 miles).
For parking, each bay includes five deeded outdoor spaces, with the ability to park vehicles inside.
The property is located at 1431 Hilldale Avenue, Unit 2 in Haverhill, MA, with convenient proximity to Plaistow shopping (about 1 mile) and Route 495 (about 2 miles).
Key Highlights
- Brand‑new steel industrial/commercial contractor bay with YearBuilt 2026
- 8 condo units total, each unit offers 2,442 SF
- Each unit features 23‑ft ceilings and 14‑ft overhead doors
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
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
Check the figures for this property
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 - Brand-new steel industrial condo bay with 23-foot ceilings, 14-foot overhead door, and mezzanine.
Where is this flex space located?
The property is located at 1431 Hilldale Ave # 2 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 steel industrial/commercial contractor bay with YearBuilt 2026; 8 condo units total, each unit offers 2,442 SF; Each unit features 23‑ft ceilings and 14‑ft overhead doors
