First-Floor Flex
200 Corporate Pl #4A, Peabody, MA 01960
For Sale
Contact for pricing
First-floor commercial space currently configured for warehouse use.
Property Size6,756 SF
Days on Market95
Property Features for 200 Corporate Pl #4A
General Information
Standard status
Size
Additional Details
Warehouse Space
Building Details
Year Built
Listing Agency:
J.M.I. Investment Properties
Listed By:
Julie Ilyas
(617) 888-5588
Source:
Lockandkeyre
Added: Aug 7
Changed: Nov 8
Last Checked: Nov 8 at 6:44AM
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 J.M.I. Investment Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,756-square-foot flex space occupies the first floor of Peabody Corporate Center and is currently used as a warehouse. The commercial building was completed in 2024, and the space is scheduled to become available in November 2026.
The property is located at 200 Corporate Pl Unit 4A in Peabody, Massachusetts, off 95 and near 128 and Route 1. The configuration supports a range of commercial uses within a professional building, including the existing warehouse function.
The property is located at 200 Corporate Pl Unit 4A in Peabody, Massachusetts, off 95 and near 128 and Route 1. The configuration supports a range of commercial uses within a professional building, including the existing warehouse function.
Key Highlights
- 6,756 SF first‑floor flex space
- Currently configured for warehouse use
- Located at Peabody Corporate Center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,243
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,444,860
$1.4M
Cap Rate 7%
$1,032,043
$1.0M
Cap Rate 9%
$802,700
$802.7K
Market Conditions
NOI Build-Up for 6,756 SF
Gross rent
$108.6K $16.08/SF
− Vacancy
−$5.4K −$0.80/SF
EGI
$103.2K $15.28/SF
− OpEx
−$31.0K −$4.58/SF
NOI
$72.2K $10.69/SF
Area
Essex County, MA
Vacancy
5.00%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,444,860
Cap Rate 7%
$1,032,043
Cap Rate 9%
$802,700
Alternative Uses
Best Use
Flex RnD
$1.68M
$1.47M – $1.96M
NOI $117,872 @ 7.0% cap
Second Best
Warehouse
$1.26M
$1.10M – $1.47M
NOI $88,186 @ 7.0% cap
Theoretical Best
Office A
$4.00M
$3.50M – $4.67M
NOI $279,967 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01960, MA
54,155
Population
23,009
Households
2.4
Avg Household Size
47
Median Age
34%
College-Educated
91%
High-School Grad
16.0 sq mi
ZIP Area
3,385
Density / Sq Mi
$95,173
Median Household Income
$56,100
Median Earnings
$1,902
Median Rent
$566,700
Median Home Value
Market
Average Price Trend$/SF for Flex space in Essex County, MA
Properties on Market for Flex space in Essex County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - First-floor commercial space currently configured for warehouse use.
Where is this flex space located?
The property is located at 200 Corporate Pl #4A Peabody, MA.
What are key features of this property?
This property features: 6,756 SF first‑floor flex space; Currently configured for warehouse use; Located at Peabody Corporate Center
