Downtown Office Building with
182 State Street Newburyport, MA 01950
182 State Street, Newburyport, MA, 01950
$800,000
For Sale
$800,000
Standalone downtown office building with seven private offices, reception area, and eight off-street parking spaces.
Property Size1,778 SF
Price / SF$449.94
Days on Market387
Property Features for 182 State Street
General Information
- Standard status
- Active
- Size
- 1,778 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1850
Listing agency
Lamacchia Realty,Inc.
Listed by
Sandra Berkenbush
(978) 658-2345
Source
Wilsonwolfe
Added: Jun 30, 2025 Updated: Jul 20 at 5:03PM Checked: Jul 21 at 6:06AM
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 Lamacchia Realty,Inc.
Investment Insights
Based on property information with market context.
182 State Street is a standalone commercial office building offering seven private offices plus a reception area and flexible workspace. The property also includes eight off-street parking spaces, supporting convenient day-to-day access.
Located in downtown Newburyport and zoned B1, the building is described as being within steps of the District Court and the MBTA commuter rail, with proximity to the rail trail and downtown shops and restaurants.
For buyers seeking an owned office setup, the existing layout provides a mix of private office space and common reception/flexible areas, along with on-site parking.
Located in downtown Newburyport and zoned B1, the building is described as being within steps of the District Court and the MBTA commuter rail, with proximity to the rail trail and downtown shops and restaurants.
For buyers seeking an owned office setup, the existing layout provides a mix of private office space and common reception/flexible areas, along with on-site parking.
Key Highlights
- Standalone downtown commercial office building built in 1850
- Includes seven private offices plus a reception area and flexible workspace
- Zoned B1
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 | $81.1k | $45.60 |
| − Vacancy | −$15.0k | −$8.44 |
| EGI | $66.1k | $37.16 |
| − OpEx | −$16.5k | −$9.29 |
| NOI | $49.6k | $27.87 |
1,778 SF · lease $45.60/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$708.0K
$619.5K – $826.0K
NOI $49,558 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$921.0K – $1.23M
NOI $73,680 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Standalone downtown office building with seven private offices, reception area, and eight off-street parking spaces.
Where is this office building located?
The property is located at 182 State Street Newburyport, MA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Standalone downtown commercial office building built in 1850; Includes seven private offices plus a reception area and flexible workspace; Zoned B1
