Third-Floor Office
For Sale
Contact for pricing
191 Elm St # 8, Salisbury, MA 01952
Professional office space with elevator service, on-site parking, and building-provided heat, air conditioning, and electric.
Property Size1,200 SF
Price / SF$0.02
Days on Market59
Property Features for 191 Elm St # 8
General Information
Standard status
Active
Size
1,200 SF
Elevators
Yes
Property subtype
Commercial
Zoning
C
Lease Type
Gross
Additional Details
Floor
3rd Floor
Utilities to Site
Yes
Building Details
Building Size
1,200 SF
Year Built
1988
Listing Agency:
eXp Realty LLC
(888) 854-7493
Listed By:
The North Shore Realty Group
(978) 710-9388
Source:
Churchillprop
Added: Sep 1
Changed: Oct 25
Last Checked: Oct 28 at 4:55AM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
This professional office suite occupies the third floor of a building constructed in 1988. The space measures approximately 1,200 square feet and is served by an elevator, providing convenient access for occupants and visitors.
Building services include heat, air conditioning, and electric under a gross lease structure. Ample parking is available on site. The property is located at 191 Elm St # 8 in Salisbury, Massachusetts, within a C zoning designation.
Building services include heat, air conditioning, and electric under a gross lease structure. Ample parking is available on site. The property is located at 191 Elm St # 8 in Salisbury, Massachusetts, within a C zoning designation.
Key Highlights
- Approximately 1,200 square feet of third‑floor office space
- Elevator access to the office suite
- Ample on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,448
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,960
$669.0K
Cap Rate 7%
$477,829
$477.8K
Cap Rate 9%
$371,644
$371.6K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$54.7K $45.60/SF
− Vacancy
−$10.1K −$8.44/SF
EGI
$44.6K $37.16/SF
− OpEx
−$11.1K −$9.29/SF
NOI
$33.4K $27.87/SF
Area
Essex County, MA
Vacancy
18.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,960
Cap Rate 7%
$477,829
Cap Rate 9%
$371,644
Alternative Uses
Best Use
Office B
$477.8K
$418.1K – $557.5K
NOI $33,448 @ 7.0% cap · market cap 176,042.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$710.4K
$621.6K – $828.8K
NOI $49,728 @ 7.0% cap · market cap 261,726.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Explore this area
Business Placement
Demographics for 01952, MA
9,236
Population
4,981
Households
1.9
Avg Household Size
52
Median Age
44%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
600
Density / Sq Mi
$102,521
Median Household Income
$54,344
Median Earnings
$1,646
Median Rent
$450,100
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Professional office space with elevator service, on-site parking, and building-provided heat, air conditioning, and electric.
Where is this office unit located?
The property is located at 191 Elm St # 8 Salisbury, MA.
What are key features of this property?
This property features: Approximately 1,200 square feet of third‑floor office space; Elevator access to the office suite; Ample on‑site parking
