Private Office
New
For Sale
Contact for pricing
16 Anderson St Unit 206, Marblehead, MA 01945
A full-service gross lease covers utilities and Wi-Fi under a 12-month term.
Property Size189 SF
Price / SF$2.78
Days on Market5
Property Features for 16 Anderson St Unit 206
General Information
Standard status
Active
Size
189 SF
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Property Use
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 30 at 3:47PM
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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Investment Insights
Based on property information with market context.
This private office suite offers 189 square feet, measuring 13 feet 6 inches by 14 feet. The space has fresh paint and bright lighting. The office is in a professional building constructed in 1940, with a 12-month, full-service gross lease that includes utilities and Wi-Fi.
The property is in downtown Marblehead, between Village Plaza and Warwick Place. Public parking is available on the street and in a lot across the street; the lot has an electric vehicle charging station. The building has no designated or assigned parking.
The property is in downtown Marblehead, between Village Plaza and Warwick Place. Public parking is available on the street and in a lot across the street; the lot has an electric vehicle charging station. The building has no designated or assigned parking.
Key Highlights
- 189‑square‑foot office measuring 13'6 x 14'
- Freshly painted interior with bright lighting
- 12‑month full‑service gross lease includes utilities and Wi‑Fi
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,268
Suggested Prices Based on Cap Rates
Cap Rate 5%
$105,360
$105.4K
Cap Rate 7%
$75,257
$75.3K
Cap Rate 9%
$58,533
$58.5K
Market Conditions
NOI Build-Up for 189 SF
Gross rent
$8.6K $45.60/SF
− Vacancy
−$1.6K −$8.44/SF
EGI
$7.0K $37.16/SF
− OpEx
−$1.8K −$9.29/SF
NOI
$5.3K $27.87/SF
Area
Essex County, MA
Vacancy
18.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$105,360
Cap Rate 7%
$75,257
Cap Rate 9%
$58,533
Alternative Uses
Best Use
Office B
$75.3K
$65.9K – $87.8K
NOI $5,268 @ 7.0% cap · market cap 1,003.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$111.9K
$97.9K – $130.5K
NOI $7,832 @ 7.0% cap · market cap 1,491.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - A full-service gross lease covers utilities and Wi-Fi under a 12-month term.
Where is this office unit located?
The property is located at 16 Anderson St Unit 206 Marblehead, MA.
What are key features of this property?
This property features: 189‑square‑foot office measuring 13'6 x 14'; Freshly painted interior with bright lighting; 12‑month full‑service gross lease includes utilities and Wi‑Fi
