Industrial Condo Bay with
1431 Hilldale Avenue Unit 2 Haverhill, MA 01832
1431 Hilldale Avenue Unit 2, Haverhill, MA, 01832
$599,900
For Sale
$599,900
Brand-new steel industrial condo bay with 23-foot ceilings, 14-foot overhead door, and mezzanine.
Property Size2,442 SF
Price / SF$245.66
Days on Market60
Property Features for 1431 Hilldale Avenue Unit 2
General Information
- Standard status
- Active
- Size
- 2,442 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2026
Listing agency
Four Points Real Estate,LLC
Listed by
Chapman Real Estate Group
(413) 584-2900
Source
Mapleandmainrealty
Added: May 24 Updated: Jul 20 at 5:07PM Checked: Jul 22 at 6:37AM
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.
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
Local 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 | $70.3k | $28.80 |
| − Vacancy | −$4.8k | −$1.96 |
| EGI | $65.5k | $26.84 |
| − OpEx | −$22.9k | −$9.39 |
| NOI | $42.6k | $17.45 |
2,442 SF · lease $28.80/SF/yr · vacancy 6.80% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$608.7K
$532.6K – $710.1K
NOI $42,606 @ 7.0% cap · market cap 7.10%
Second Best
Warehouse
$450.6K
$394.3K – $525.7K
NOI $31,542 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$1.45M
$1.26M – $1.69M
NOI $101,196 @ 7.0% cap · market cap 16.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
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 Avenue Unit 2 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: 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
