Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    17 Malcolm Hoyt Drive Newburyport, MA 1950

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Flex space with office and warehouse in Newburyport Industrial Park.

    Type:Industrial
    Property size:
    14,217 SF
    Added:
    Mar 5, 2026
    Days on Market:
    26
    Last Refresh:
    Mar 25 at 10:29 pm

    Property Features for 17 Malcolm Hoyt Drive

    General Information

    Standard status
    Active
    Size
    14,217 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1988

    We can help!

    Listing Contact
    Chris Melanson
    Chris Melanson

    Listing agent Chris Melanson License ##9048314

    Listing office Jeremy Cyrier

    Listing date Mar 5, 2026

    Source Masscommercialproperties

    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 Jeremy Cyrier

    Overview

    Office and Warehouse Flex Space

    Located in the Newburyport Industrial Park, 17 Malcolm Hoyt Drive offers 14,217 square feet of flex space, blending office and warehouse functionalities. The property is suitable as a base of operations, for businesses needing extra space, or for companies relocating within the greater Newburyport area. The industrial park is situated at the edge of the Newbury Marshes, delineating Newburyport to the south, and provides a wide range of jobs involving manufacturing, technology, and distribution. The property features one loading dock and two drive-in doors. Newburyport is accessible via Interstate 95, a major north-south highway. Interstate 495, the outer circumferential highway of Boston, passes nearby in Amesbury. U.S. Route 1, also known as the Newburyport Turnpike, traverses the Newburyport Industrial Park. The Newburyport/Rockport MBTA commuter rail from Boston's North Station terminates in the Newburyport Industrial Park.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newburyport
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.895
    Latitude
    42.8024

    Nearby Similar for Lease

    • $14/mo

      Newburyport Warehouse and Office Flex

      Warehouse and office flex space near Seaport Business Park.
      69 Parker St unit: Rear, Newburyport, MA 01950
      View Details
    • $16/mo

      Newburyport Flex Space For Lease

      2,650sf flex space with warehouse and remodeled office.
      65 Parker St unit: 1R, Newburyport, MA 01950
      View Details
    • $18/mo

      Newburyport Industrial Flex Unit

      3,042 SF industrial flex unit for lease in Newburyport.
      65 Parker St unit: 9, Newburyport, MA 01950
      View Details
    • Contact for pricing

      Newburyport Industrial Flex Space

      1800 SF industrial condo with office in Newburyport.
      6 Perkins Way, Unit C, Newburyport, MA, USA, Newburyport, MA 01950
      View Details
    • Contact for pricing

      Retail Space with Bank Infrastructure

      Retail space available with existing bank infrastructure and high ceilings.
      45 Storey Avenue, Newburyport, MA 01950
      View Details
    • Contact for pricing

      Warehouse/Flex Space in Newburyport

      6,796± SF warehouse/flex space ideal for manufacturing, distribution, or service.
      5 Perkins Way, Newburyport, MA
      View Details
    • $10/mo

      Industrial Space in Newburyport Facility

      Industrial space for lease in existing 73,200 SF facility.
      25 Hale St, Newburyport, MA
      View Details
    • Contact for pricing

      Office Space Near MBTA

      Office space for lease in Newburyport, near MBTA and Route 1.
      26 Parker St, Newburyport, MA 01950
      View Details
    • Contact for pricing

      Newburyport Warehouse/Flex Space Available

      6,796 SF warehouse/flex space in Newburyport Industrial Park.
      5 Perkins Way, Newburyport, MA 01950
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex space with office and warehouse in Newburyport Industrial Park.
    Where is this flex space located?
    The property is located at 17 Malcolm Hoyt Drive Newburyport, MA.
    What are key features of this property?
    This property features: 14,217 SF Available with blend of office/warehouse space; Features 1 Loading Dock and 2 Drive‑in Doors; Located in Newburyport Industrial Park
    (617) 674-2043
    We can help!
    Listing Contact
    Chris Melanson
    Chris Melanson
    Real Estate License ID: #9048314
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!