Brand New Industrial Contractor
For Sale
$549,900
1431 Hilldale Avenue Unit 4, Haverhill, MA 01832
Steel industrial contractor bay with 23-foot ceilings, 14-foot overhead doors, and deeded outdoor parking spaces.
Property Size2,442 SF
Price / SF$225.18
Days on Market74
Property Features for 1431 Hilldale Avenue Unit 4
General Information
Standard status
Active
Size
2,442 SF
Total Parking Spaces
5
Property subtype
Commercial
Lease Term
[]
Warehouse & Industrial
Clear Height
23 ft
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
2026
Construction
steel
Tenancy
Multi
Listing Agency:
Four Points Real Estate,LLC
Listed By:
Chapman Real Estate Group
(781) 797-4028
Source:
Thepropernest
Added: May 20
Changed: Jul 26
Last Checked: Aug 1 at 3:58AM
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 steel industrial contractor bay is part of a brand new building configured as 8 condo units. Each unit totals 2,442 square feet and includes 23-foot ceilings and a 14-foot overhead door, along with a large 600-square-foot mezzanine. Units also feature a first-floor half bath with a slop sink. Heating is provided by a gas Modine system. The building is fully sprinkled and equipped with fire alarms.
Each bay comes with 5 deeded outdoor parking spaces, with the option to park vehicles inside as well. The property is located about 1 mile from Plaistow shopping and roughly 2 miles to Route 495, supporting convenient access for business operations.
Unit 4 is available as a contractor-style bay within the condo building, offering a straightforward, customizable layout for tenants and small business users.
Each bay comes with 5 deeded outdoor parking spaces, with the option to park vehicles inside as well. The property is located about 1 mile from Plaistow shopping and roughly 2 miles to Route 495, supporting convenient access for business operations.
Unit 4 is available as a contractor-style bay within the condo building, offering a straightforward, customizable layout for tenants and small business users.
Key Highlights
- Newer steel industrial/commercial contractor bay built in 2026 with 8 condo units.
- Each 2,442 SF condo unit includes 23 ft ceilings and a 14 ft overhead door.
- Each unit has a first‑floor half bath with a slop sink and a gas Modine heating system.
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 7.75%
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.
Property Analytics
Current Use
Lease Details
23 ft
Clear height
Multi-tenant
Tenancy
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
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 - Steel industrial contractor bay with 23-foot ceilings, 14-foot overhead doors, and deeded outdoor parking spaces.
Where is this flex space located?
The property is located at 1431 Hilldale Avenue Unit 4 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: Newer steel industrial/commercial contractor bay built in 2026 with 8 condo units.; Each 2,442 SF condo unit includes 23 ft ceilings and a 14 ft overhead door.; Each unit has a first‑floor half bath with a slop sink and a gas Modine heating system.
