First-Floor Office
16 Haverhill St, Andover, MA 01810
For Sale
Contact for pricing
Move-in-ready workspace combines open collaboration areas, private offices, meeting space, and an in-suite kitchen.
Property Size4,000 SF
Price / SF$0.01
Days on Market106
Property Features for 16 Haverhill St
General Information
Standard status
Size
Additional Details
Floor
Amenities
open work area
private offices
conference room
in-suite kitchen
Building Details
Year Built
Listing Agency:
Lock and Key Realty
Listed By:
Jordan Healy
(413) 717-0635
Source:
Lockandkeyre
Added: Jul 31
Changed: Nov 12
Last Checked: Nov 12 at 8:35AM
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 Lock and Key Realty
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Investment Insights
Based on property information with market context.
This 4,000-square-foot first-floor office property at 16 Haverhill St includes a flexible interior arrangement with a large shared work area, multiple private offices, a conference room, and an in-suite kitchen. The configuration supports both collaborative activity and individual work areas within a single office setting. The property was built in 1900 and includes on-site parking for employees and visitors.
Key Highlights
- 4,000 SF of first‑floor office space
- Open work area with private offices
- Dedicated conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,492
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,229,840
$2.2M
Cap Rate 7%
$1,592,743
$1.6M
Cap Rate 9%
$1,238,800
$1.2M
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$182.4K $45.60/SF
− Vacancy
−$33.7K −$8.44/SF
EGI
$148.7K $37.16/SF
− OpEx
−$37.2K −$9.29/SF
NOI
$111.5K $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%
$2,229,840
Cap Rate 7%
$1,592,743
Cap Rate 9%
$1,238,800
Alternative Uses
Best Use
Office B
$1.59M
$1.39M – $1.86M
NOI $111,492 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,759 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
506
Businesses Nearby
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Business Placement
Demographics for 01810, MA
35,621
Population
13,803
Households
2.6
Avg Household Size
43
Median Age
75%
College-Educated
97%
High-School Grad
30.5 sq mi
ZIP Area
1,168
Density / Sq Mi
$167,591
Median Household Income
$86,838
Median Earnings
$2,046
Median Rent
$813,800
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Essex County, MA
Properties on Market for Office Units in Essex County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Move-in-ready workspace combines open collaboration areas, private offices, meeting space, and an in-suite kitchen.
Where is this office unit located?
The property is located at 16 Haverhill St Andover, MA.
What are key features of this property?
This property features: 4,000 SF of first‑floor office space; Open work area with private offices; Dedicated conference room
