Industrial Contractor Bay
1431 Hilldale Avenue Unit 7 Haverhill, MA 01832
1431 Hilldale Avenue Unit 7, Haverhill, MA, 01832
$575,000
For Sale
$575,000
New industrial contractor bay condo with 23-foot ceilings, 14-foot overhead doors, and deeded outdoor parking.
Property Size2,442 SF
Price / SF$235.46
Days on Market93
Property Features for 1431 Hilldale Avenue Unit 7
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
(508) 823-9400
Source
Ballowhutchinsonrealestate
Added: Apr 20 Updated: Jul 20 at 7:33PM Checked: Jul 21 at 6:41AM
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.
New steel industrial/commercial contractor bay offered as part of an eight-unit condo building. Each 2,442-square-foot unit includes 23-foot ceilings and a 14-foot overhead door, plus a 600-square-foot mezzanine. The layout also features a first-floor half bath with a slop sink. Units are equipped with a gas Modine heating system, and the building is fully sprinkled with fire alarms.
Each bay includes five deeded outdoor parking spaces, with the ability to park vehicles inside the facility as well. The property is described as being about one mile to Plaistow shopping and about two miles to Route 495.
Each bay includes five deeded outdoor parking spaces, with the ability to park vehicles inside the facility as well. The property is described as being about one mile to Plaistow shopping and about two miles to Route 495.
Key Highlights
- Brand‑new industrial/commercial contractor bay condo with 8 condo units, each totaling 2,442 SF
- Each unit features 23 ft ceilings and a 14 ft overhead door
- Units include a 600 SF mezzanine and a first‑floor half bath with a slop sink
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 7.41%
Second Best
Warehouse
$450.6K
$394.3K – $525.7K
NOI $31,542 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$1.45M
$1.26M – $1.69M
NOI $101,196 @ 7.0% cap · market cap 17.60%
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 - New industrial contractor bay condo with 23-foot ceilings, 14-foot overhead doors, and deeded outdoor parking.
Where is this flex space located?
The property is located at 1431 Hilldale Avenue Unit 7 Haverhill, MA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Brand‑new industrial/commercial contractor bay condo with 8 condo units, each totaling 2,442 SF; Each unit features 23 ft ceilings and a 14 ft overhead door; Units include a 600 SF mezzanine and a first‑floor half bath with a slop sink
