Two-Room Office
20 Sewall Street # 2, Marblehead, MA 01945
For Sale
Contact for pricing
A second-floor workspace offers hardwood flooring, a private restroom, and off-street parking.
Property Size1,080 SF
Price / SF$2.04
Days on Market47
Property Features for 20 Sewall Street # 2
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Floor
Amenities
high beamed ceilings
hardwood floors
restroom
Building Details
Building Size
Year Built
Listing Agency:
RE/MAX Beacon
(781) 631-2330
Listed By:
Brian Skidmore
(617) 834-3227
Source:
Churchillprop
Added: Sep 24
Changed: Oct 31
Last Checked: Nov 8 at 3:40AM
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 RE/MAX Beacon
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Investment Insights
Based on property information with market context.
This 1,080-square-foot office unit occupies the second floor and is arranged in two spacious rooms. Beamed ceilings rise more than 9 feet, and hardwood flooring extends through the space. A restroom is included, and the building dates to 1900.
The property is in downtown Marblehead, near shops and restaurants. Off-street parking is provided, with on-street parking also available. The zoning designation is B1.
The property is in downtown Marblehead, near shops and restaurants. Off-street parking is provided, with on-street parking also available. The zoning designation is B1.
Key Highlights
- 1,080‑square‑foot second‑floor office unit
- Two rooms with beamed ceilings over 9 feet high
- Hardwood flooring and a restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,103
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,060
$602.1K
Cap Rate 7%
$430,043
$430.0K
Cap Rate 9%
$334,478
$334.5K
Market Conditions
NOI Build-Up for 1,080 SF
Gross rent
$49.2K $45.60/SF
− Vacancy
−$9.1K −$8.44/SF
EGI
$40.1K $37.16/SF
− OpEx
−$10.0K −$9.29/SF
NOI
$30.1K $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%
$602,060
Cap Rate 7%
$430,043
Cap Rate 9%
$334,478
Alternative Uses
Best Use
Office B
$430.0K
$376.3K – $501.7K
NOI $30,103 @ 7.0% cap · market cap 1,368.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$639.4K
$559.4K – $745.9K
NOI $44,755 @ 7.0% cap · market cap 2,034.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,396
Businesses Nearby
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Business Placement
Demographics for 01945, MA
20,462
Population
8,899
Households
2.3
Avg Household Size
49
Median Age
77%
College-Educated
99%
High-School Grad
4.4 sq mi
ZIP Area
4,650
Density / Sq Mi
$164,325
Median Household Income
$83,539
Median Earnings
$1,769
Median Rent
$904,700
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Essex County, MA
Properties on Market for Office Units in Essex County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - A second-floor workspace offers hardwood flooring, a private restroom, and off-street parking.
Where is this office unit located?
The property is located at 20 Sewall Street # 2 Marblehead, MA.
What are key features of this property?
This property features: 1,080‑square‑foot second‑floor office unit; Two rooms with beamed ceilings over 9 feet high; Hardwood flooring and a restroom
