Historic Post-and-Beam Flex
16 Rogers St Gloucester Gloucester, MA 01930
16 Rogers St Gloucester, Gloucester, MA, 01930
$1,250,000
For Sale
$1,250,000
Three-story post-and-beam structure with period features, flexible floor configurations, and on-street parking.
Property Size8,010 SF
Price / SF$156.05
Days on Market387
Property Features for 16 Rogers St Gloucester
General Information
- Standard status
- Active
- Size
- 8,010 SF
Building Details
- Year Built
- 1900
Listing Agency
(508) 643-8166
Listed by
Amanda Lucido Hodges
(508) 643-8166
Source
Bournetosellrealestate
Added: Jun 30, 2025 Updated: Jul 10 at 1:49 pm Checked: Jul 20 at 2:01 am
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 Amanda Lucido Hodges
Investment Insights
Based on property information with market context.
This for-sale flex building is a post-and-beam structure built in 1900 and arranged as a three-story facility totaling 6,500+ square feet. The space includes period features such as original random-width flooring, barn doors, and soaring ceilings. The property is positioned to support multiple approaches, including refurbishing as-is for continued use or undertaking a full down-to-the-studs restoration for individual floors, separate businesses, or the entire building.
Situated with on-street visibility and overlooking Gloucester Harbor, the property also offers on-street parking for visitors and day-to-day operations. The building is zoned CB, providing a basis for a range of commercial uses.
This configuration can appeal to contractors, developers, and investors seeking a building with tangible character and the ability to tailor improvements to specific tenant layouts. With multiple floors and a flexible ownership or operational approach, it may fit users who want to modernize while preserving existing architectural elements, or who prefer a complete renovation strategy depending on their business plan.
Situated with on-street visibility and overlooking Gloucester Harbor, the property also offers on-street parking for visitors and day-to-day operations. The building is zoned CB, providing a basis for a range of commercial uses.
This configuration can appeal to contractors, developers, and investors seeking a building with tangible character and the ability to tailor improvements to specific tenant layouts. With multiple floors and a flexible ownership or operational approach, it may fit users who want to modernize while preserving existing architectural elements, or who prefer a complete renovation strategy depending on their business plan.
Key Highlights
- 3‑story post‑and‑beam building built in 1900 with original period features
- Over 6,500 SF total, with flexible options for refurbishing individual floors or the full building
- Period details include original random width flooring, barn doors, and soaring ceilings
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $128.8k | $16.08 |
| − Vacancy | −$7.1k | −$0.88 |
| EGI | $121.7k | $15.20 |
| − OpEx | −$18.3k | −$2.28 |
| NOI | $103.5k | $12.92 |
8,010 SF · lease $16.08/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$2.00M
$1.75M – $2.33M
NOI $139,751 @ 7.0% cap · market cap 11.18%
Second Best
Warehouse
$1.48M
$1.29M – $1.72M
NOI $103,459 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$4.74M
$4.15M – $5.53M
NOI $331,932 @ 7.0% cap · market cap 26.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Restoration Works
Home Decor Store
Jeff Weaver Fine ...
Art Gallery
Similar For Sale Nearby
Similar Off Market Nearby
- Rhea Pizzeria Napoletana — Corner of Roger st &, Harbor Loop, Gloucester, MA 01930
- Del Rio's Cafe & Catering — 18 Rogers St, Gloucester, MA 01930
FAQs
What type of property is this?
Flex space - Three-story post-and-beam structure with period features, flexible floor configurations, and on-street parking.
Where is this flex space located?
The property is located at 16 Rogers St Gloucester Gloucester, MA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 3‑story post‑and‑beam building built in 1900 with original period features; Over 6,500 SF total, with flexible options for refurbishing individual floors or the full building; Period details include original random width flooring, barn doors, and soaring ceilings
