Retail Space For
For Sale
Contact for pricing
175 Rantoul St, Beverly, MA 01915
3,124 SqFt retail space available for purchase.
Property Size3,124 SF
Price / SF$352.11
Days on Market214
Property Features for 175 Rantoul St
General Information
Standard status
Active
Size
3,124 SF
Property subtype
Retail
Zoning
CC
Investment Type
Owner/User
Building Details
Buildings
1
Stories
1
Listing Agency:
Tri Town Commercial Advisors
Listed By:
Eric Szczepkowski · License #MA 9067351
(617) 454-4460
Source:
Crexi
Added: Mar 5
Changed: Sep 20
Last Checked: Oct 4 at 8:20AM
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 Tri Town Commercial Advisors
Investment Insights
Based on property information with market context.
This is a 3,124 square foot retail space available for purchase. The property is suitable for retail use.
Key Highlights
- Retail Property
- 3,124 SqFt
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,329
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,026,580
$1.0M
Cap Rate 7%
$733,271
$733.3K
Cap Rate 9%
$570,322
$570.3K
Market Conditions
NOI Build-Up for 3,124 SF
Gross rent
$75.0K $24.00/SF
− Vacancy
−$1.6K −$0.53/SF
EGI
$73.3K $23.47/SF
− OpEx
−$22.0K −$7.04/SF
NOI
$51.3K $16.43/SF
Area
Essex County, MA
Vacancy
2.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,026,580
Cap Rate 7%
$733,271
Cap Rate 9%
$570,322
Alternative Uses
Best Use
Retail
$733.3K
$641.6K – $855.5K
NOI $51,329 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,458 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,423
Businesses Nearby
42k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 36%
Home Improvements & Furnishings 6%
Speedway
Shops & Services
15,345 visits/mo
0.3 miles
Dunkin' Donuts
Dining
15,338 visits/mo
0.4 miles
TD Bank
Shops & Services
5,068 visits/mo
0.2 miles
Moynihan Lumber Of Beverly
Home Improvements & Furnishings
1,504 visits/mo
0.2 miles
Kelly Ford, Inc
Shops & Services
1,276 visits/mo
0.1 miles
Demographics for 01915, MA
42,341
Population
17,318
Households
2.4
Avg Household Size
40
Median Age
51%
College-Educated
97%
High-School Grad
14.2 sq mi
ZIP Area
2,982
Density / Sq Mi
$102,347
Median Household Income
$57,989
Median Earnings
$1,684
Median Rent
$619,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 3,124 SqFt retail space available for purchase.
Where is this retail space located?
The property is located at 175 Rantoul St Beverly, MA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Retail Property; 3,124 SqFt
