Brand New Industrial Contractor
For Sale
$649,900
Pending
1431 Hilldale Ave Unit 8, Haverhill, MA 01832
New steel industrial condo unit with 23' ceilings and 14' overhead doors, plus 600-sf mezzanine and outdoor parking.
Property Size2,026 SF
Days on Market187
Property Features for 1431 Hilldale Ave Unit 8
General Information
Standard status
Pending
Size
2,026 SF
Total Parking Spaces
5
Property subtype
Commercial
Warehouse & Industrial
Clear Height
23 ft
Drive-In Doors
1
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Building Details
Building Size
2,026 SF
Year Built
2026
Listing Agency:
Four Points Real Estate, LLC
(888) 944-5827
Listed By:
Chapman Real Estate Group
(617) 306-3926
Source:
Iverty
Added: Apr 29
Changed: Oct 31
Last Checked: Oct 30 at 3:38PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This brand new steel industrial/commercial contractor bay is part of a condominium building with a total of 8 units. Each unit is configured with 23-foot ceilings and a 14-foot overhead door, and includes a 600-square-foot mezzanine. The first floor has a half bath with a slop sink, and the unit is heated with a gas Modine system. The building is fully sprinkled and equipped with fire alarms.
Each bay includes 5 deeded outdoor parking spaces, and there is also the ability to park vehicles inside. Unit 8 is an end unit, offering additional parking along the side of the building. The property is approximately 1 mile to Plaistow shopping and about 2 miles to Route 495.
Reserve Unit 8 to be prepared for summer occupancy, with the opportunity to customize the interior build-out to fit your business needs.
Each bay includes 5 deeded outdoor parking spaces, and there is also the ability to park vehicles inside. Unit 8 is an end unit, offering additional parking along the side of the building. The property is approximately 1 mile to Plaistow shopping and about 2 miles to Route 495.
Reserve Unit 8 to be prepared for summer occupancy, with the opportunity to customize the interior build-out to fit your business needs.
Key Highlights
- Brand‑new steel industrial/commercial condo contractor bay; year built 2026
- 8 total condo units, each 2,310 SF, with 23 ft ceilings and 14 ft overhead doors
- Each unit includes a 600 SF mezzanine and a first‑floor half bath with a slop sink
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,303
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,060
$806.1K
Cap Rate 7%
$575,757
$575.8K
Cap Rate 9%
$447,811
$447.8K
Market Conditions
NOI Build-Up for 2,310 SF
Gross rent
$66.5K $28.80/SF
− Vacancy
−$4.5K −$1.96/SF
EGI
$62.0K $26.84/SF
− OpEx
−$21.7K −$9.39/SF
NOI
$40.3K $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%
$806,060
Cap Rate 7%
$575,757
Cap Rate 9%
$447,811
Alternative Uses
Best Use
Flex RnD
$575.8K
$503.8K – $671.7K
NOI $40,303 @ 7.0% cap · market cap 6.20%
Second Best
Industrial
$351.0K
$307.1K – $409.5K
NOI $24,571 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,726 @ 7.0% cap · market cap 14.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
23 ft
Clear height
1
Drive-in doors
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - New steel industrial condo unit with 23' ceilings and 14' overhead doors, plus 600-sf mezzanine and outdoor parking.
Where is this flex space located?
The property is located at 1431 Hilldale Ave Unit 8 Haverhill, MA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Brand‑new steel industrial/commercial condo contractor bay; year built 2026; 8 total condo units, each 2,310 SF, with 23 ft ceilings and 14 ft overhead doors; Each unit includes a 600 SF mezzanine and a first‑floor half bath with a slop sink
