Freestanding Office Building with
181 Main St Rowley, MA 01969
181 Main St, Rowley, MA, 01969
$1,199,000
For Sale
$1,199,000
ADA-compliant freestanding building with ample parking and flexible layout, plus full basement and walk-up attic.
Property Size2,644 SF
Price / SF$453.48
Days on Market35
Property Features for 181 Main St
General Information
- Standard status
- Active
- Size
- 2,644 SF
Listing agency
Ocean's Edge Real Estate
(978) 238-0058
Listed by
Alexis Surpitski MacIntyre
(978) 238-0058
Source
Exprealty
Added: Jun 18 Updated: Jul 21 at 1:45PM Checked: Jul 21 at 1:45PM
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 Ocean's Edge Real Estate
Investment Insights
Based on property information with market context.
Freestanding ADA-compliant office and flex commercial building offering a flexible floor plan and natural light. The property includes 2,644 square feet of usable space, a full basement, and a walk-up attic, providing additional room for storage or expansion of operations. The building is described as well maintained and is situated on a large lot.
The property is located directly on well-traveled Route 1A, providing visibility and easy access. Zoning as stated in the listing supports a range of uses including professional offices, personal services, retail, dental/medical practices, and banking.
The property is located directly on well-traveled Route 1A, providing visibility and easy access. Zoning as stated in the listing supports a range of uses including professional offices, personal services, retail, dental/medical practices, and banking.
Key Highlights
- ADA‑compliant freestanding commercial building with 2,644 SF of flexible space
- Full basement plus walk‑up attic add additional usable areas
- Large lot with ample parking for customers and staff
Local Financial Insights For Office B
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 | $120.6k | $45.60 |
| − Vacancy | −$22.3k | −$8.44 |
| EGI | $98.3k | $37.16 |
| − OpEx | −$24.6k | −$9.29 |
| NOI | $73.7k | $27.87 |
2,644 SF · lease $45.60/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.05M
$921.2K – $1.23M
NOI $73,696 @ 7.0% cap · market cap 6.15%
Second Best
Healthcare Medical
$696.7K
$609.7K – $812.9K
NOI $48,772 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,567 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Parker River Community ...
High School
FAQs
What type of property is this?
Office building - ADA-compliant freestanding building with ample parking and flexible layout, plus full basement and walk-up attic.
Where is this office building located?
The property is located at 181 Main St Rowley, MA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: ADA‑compliant freestanding commercial building with 2,644 SF of flexible space; Full basement plus walk‑up attic add additional usable areas; Large lot with ample parking for customers and staff
