Brand New Industrial Contractor
1431 Hilldale Ave Unit 8 Haverhill, MA 01832
1431 Hilldale Ave Unit 8, Haverhill, MA, 01832
$649,900
Pending
For Sale
$649,900
Pending
New steel industrial condo unit with 23' ceilings and 14' overhead doors, plus 600-sf mezzanine and outdoor parking.
Property Size2,310 SF
Days on Market85
Property Features for 1431 Hilldale Ave Unit 8
General Information
- Standard status
- Pending
- Size
- 2,310 SF
Building Details
- Year Built
- 2026
Listing agency
Four Points Real Estate, LLC
(617) 306-3926
Listed by
Chapman Real Estate Group · License #452508574
(617) 306-3926
Source
Iverty
Added: Apr 29 Updated: Jul 20 at 7:00PM Checked: Jul 21 at 3:13AM
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 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
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 | $66.5k | $28.80 |
| − Vacancy | −$4.5k | −$1.96 |
| EGI | $62.0k | $26.84 |
| − OpEx | −$21.7k | −$9.39 |
| NOI | $40.3k | $17.45 |
2,310 SF · lease $28.80/SF/yr · vacancy 6.80% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$575.8K
$503.8K – $671.7K
NOI $40,303 @ 7.0% cap · market cap 6.20%
Second Best
Warehouse
$426.2K
$373.0K – $497.3K
NOI $29,837 @ 7.0% cap · market cap 4.59%
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 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 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
