Street-Level Mixed-Use
New
For Sale
Contact for pricing
16 Anderson St Unit 1, Marblehead, MA 01945
A freshly painted, well-lit commercial suite offers street-level space for retail or office use in downtown Marblehead.
Property Size253 SF
Price / SF$2.37
Days on Market4
Property Features for 16 Anderson St Unit 1
General Information
Standard status
Active
Size
253 SF
Property subtype
Commercial
Additional Details
Floor
Street Level
Utilities to Site
Yes
Property Use
Retail/Office
Amenities
Wi-Fi internet
Building Details
Year Built
1940
Listing Agency:
Keller Williams Realty Evolution
(978) 927-8700
Listed By:
Stephen Andrews
(617) 335-9782
Source:
Lockandkeyre
Added: Oct 26
Changed: Oct 29
Last Checked: Oct 28 at 3:25PM
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 Keller Williams Realty Evolution
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This street-level commercial suite at 16 Anderson St is configured for retail or office use. The 253-square-foot space measures 11 feet 6 inches by 22 feet and has been freshly painted. It is located in a professional building in downtown Marblehead, between Village Plaza and Warwick Place.
Street parking and a public lot across the street provide parking options; the lot has an electric vehicle charging station. The building does not have designated or assigned parking.
Street parking and a public lot across the street provide parking options; the lot has an electric vehicle charging station. The building does not have designated or assigned parking.
Key Highlights
- 253 sqft, measuring 11'6 x 22'
- Street‑level suite configured for retail or office use
- Freshly painted interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,157
Suggested Prices Based on Cap Rates
Cap Rate 5%
$83,140
$83.1K
Cap Rate 7%
$59,386
$59.4K
Cap Rate 9%
$46,189
$46.2K
Market Conditions
NOI Build-Up for 253 SF
Gross rent
$6.1K $24.00/SF
− Vacancy
−$134 −$0.53/SF
EGI
$5.9K $23.47/SF
− OpEx
−$1.8K −$7.04/SF
NOI
$4.2K $16.43/SF
Area
Essex County, MA
Vacancy
2.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$83,140
Cap Rate 7%
$59,386
Cap Rate 9%
$46,189
Alternative Uses
Best Use
Office B
$100.7K
$88.2K – $117.5K
NOI $7,052 @ 7.0% cap · market cap 1,175.33%
Second Best
Mixed Use
$73.2K
$64.0K – $85.4K
NOI $5,123 @ 7.0% cap · market cap 853.83%
Theoretical Best
Office A
$149.8K
$131.1K – $174.7K
NOI $10,484 @ 7.0% cap · market cap 1,747.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,210
Businesses Nearby
Explore this area
Business Placement
Demographics for 01945, MA
20,462
Population
8,899
Households
2.3
Avg Household Size
49
Median Age
77%
College-Educated
99%
High-School Grad
4.4 sq mi
ZIP Area
4,650
Density / Sq Mi
$164,325
Median Household Income
$83,539
Median Earnings
$1,769
Median Rent
$904,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A freshly painted, well-lit commercial suite offers street-level space for retail or office use in downtown Marblehead.
Where is this mixed-use property located?
The property is located at 16 Anderson St Unit 1 Marblehead, MA.
What are key features of this property?
This property features: 253 sqft, measuring 11'6 x 22'; Street‑level suite configured for retail or office use; Freshly painted interior
