Private Office
New
For Sale
Contact for pricing
16 Anderson St Unit 208, Marblehead, MA 01945
A compact professional workspace includes utilities and Wi-Fi under a full-service gross arrangement.
Property Size270 SF
Price / SF$2.78
Days on Market5
Property Features for 16 Anderson St Unit 208
General Information
Standard status
Active
Size
270 SF
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Property Use
Office
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 3:31PM
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 270-square-foot office suite measures 13 feet 6 inches by 20 feet. The interior has been freshly painted and receives ample natural light. Utilities and Wi-Fi are included in the full-service gross arrangement.
The office is at 16 Anderson St in downtown Marblehead, between Village Plaza and Warwick Place. Street parking and a public lot across the street are available; the lot includes an electric vehicle charging station. The building has no assigned parking.
The office is at 16 Anderson St in downtown Marblehead, between Village Plaza and Warwick Place. Street parking and a public lot across the street are available; the lot includes an electric vehicle charging station. The building has no assigned parking.
Key Highlights
- 270‑square‑foot office suite measuring 13 feet 6 inches by 20 feet
- Freshly painted interior with ample natural light
- Full‑service gross arrangement includes utilities and Wi‑Fi
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,526
Suggested Prices Based on Cap Rates
Cap Rate 5%
$150,520
$150.5K
Cap Rate 7%
$107,514
$107.5K
Cap Rate 9%
$83,622
$83.6K
Market Conditions
NOI Build-Up for 270 SF
Gross rent
$12.3K $45.60/SF
− Vacancy
−$2.3K −$8.44/SF
EGI
$10.0K $37.16/SF
− OpEx
−$2.5K −$9.29/SF
NOI
$7.5K $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%
$150,520
Cap Rate 7%
$107,514
Cap Rate 9%
$83,622
Alternative Uses
Best Use
Office B
$107.5K
$94.1K – $125.4K
NOI $7,526 @ 7.0% cap · market cap 1,003.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$159.8K
$139.9K – $186.5K
NOI $11,189 @ 7.0% cap · market cap 1,491.87%
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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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?
Office unit - A compact professional workspace includes utilities and Wi-Fi under a full-service gross arrangement.
Where is this office unit located?
The property is located at 16 Anderson St Unit 208 Marblehead, MA.
What are key features of this property?
This property features: 270‑square‑foot office suite measuring 13 feet 6 inches by 20 feet; Freshly painted interior with ample natural light; Full‑service gross arrangement includes utilities and Wi‑Fi
