Flex Space With Private
150 Main St, Peabody, MA 01960
For Sale
Contact for pricing
Open-plan commercial space includes private offices, ADA-compliant restrooms, and a kitchenette.
Property Size3,000 SF
Price / SF$1.33
Days on Market99
Property Features for 150 Main St
General Information
Standard status
Size
Amenities
open floor plan
private offices
ADA-compliant restrooms
kitchenette
Building Details
Year Built
Listing Agency:
Tri Town Commercial Advisors
Listed By:
Eric Szczepkowski · License MA #9067351
(617) 454-4460
Source:
Lockandkeyre
Added: Aug 3
Changed: Nov 8
Last Checked: Nov 8 at 6:02AM
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 Tri Town Commercial Advisors
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 approximately 3,000-square-foot flex space, built in 1989, combines a broad open area with several enclosed offices. The layout also includes two ADA-compliant restrooms and a kitchenette, creating a practical base for office, studio, training, community, or creative operations without relying on a conventional single-room format.
Located at 150 Main St in downtown Peabody, the property offers access to major roadways and surrounding amenities. Its mix of open and private areas supports a range of commercial configurations while retaining the flexibility associated with a multi-purpose workspace.
Located at 150 Main St in downtown Peabody, the property offers access to major roadways and surrounding amenities. Its mix of open and private areas supports a range of commercial configurations while retaining the flexibility associated with a multi-purpose workspace.
Key Highlights
- Approximately 3,000 square feet of flex space
- Large open floor plan paired with several private offices
- Two ADA‑compliant restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,080
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,600
$641.6K
Cap Rate 7%
$458,286
$458.3K
Cap Rate 9%
$356,444
$356.4K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$48.2K $16.08/SF
− Vacancy
−$2.4K −$0.80/SF
EGI
$45.8K $15.28/SF
− OpEx
−$13.7K −$4.58/SF
NOI
$32.1K $10.69/SF
Area
Essex County, MA
Vacancy
5.00%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,600
Cap Rate 7%
$458,286
Cap Rate 9%
$356,444
Alternative Uses
Best Use
Office B
$1.19M
$1.05M – $1.39M
NOI $83,619 @ 7.0% cap
Second Best
Flex RnD
$747.7K
$654.3K – $872.4K
NOI $52,341 @ 7.0% cap
Theoretical Best
Office A
$1.78M
$1.55M – $2.07M
NOI $124,319 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,349
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01960, MA
54,155
Population
23,009
Households
2.4
Avg Household Size
47
Median Age
34%
College-Educated
91%
High-School Grad
16.0 sq mi
ZIP Area
3,385
Density / Sq Mi
$95,173
Median Household Income
$56,100
Median Earnings
$1,902
Median Rent
$566,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Essex County, MA
Properties on Market for Flex space in Essex County
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- D'Orsi's Bakery & Delicatessen — 197 Washington St, Peabody, MA 01960
- A La Carte Parties & Catering — 12 Harris St, Peabody, MA 01960
- Oh Jolie Catering — 76 Walnut St #1B, Peabody, MA 01960
- Ezatique Femme Africaine Femme active — 7 Mcintyre Ct, Peabody, MA 01960
- Hungry Nomads Boston — 71 Wallis St, Peabody, MA 01960
Frequently Asked Questions
What type of property is this?
Flex space - Open-plan commercial space includes private offices, ADA-compliant restrooms, and a kitchenette.
Where is this flex space located?
The property is located at 150 Main St Peabody, MA.
What are key features of this property?
This property features: Approximately 3,000 square feet of flex space; Large open floor plan paired with several private offices; Two ADA‑compliant restrooms
