Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    21 Main St #3 Gloucester, MA 1930

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $22 SF/Yr

    Top-floor commercial space with harbor views in downtown Gloucester.

    Property size:
    2,931 SF
    Added:
    Apr 25, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 25 at 6:36 am

    Property Features for 21 Main St #3

    General Information

    Standard status
    Active
    Size
    2,931 SF

    Building Details

    Year Built
    1969

    We can help!

    Listing Contact
    Kevin Olson

    Listing agent Kevin Olson

    Listing office Nordlund Associates

    Listing date Apr 25, 2026

    Source Liongatere

    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 Nordlund Associates

    Overview

    Downtown Gloucester Top-Floor Commercial Space

    Located at 21 Main Street, Unit 3, in the heart of downtown Gloucester, this commercial space offers approximately 2,931 square feet on the top floor. The full-floor layout features an open design with abundant natural light and sweeping harbor and city views. The space is accessible via an ADA-compliant elevator and includes two handicap-accessible restrooms. Modern mechanical systems are in place. This property is suitable for a variety of uses, including office, studio, or creative space. The property benefits from immediate access to restaurants, shops, public transportation, and Gloucester's waterfront. There are exclusive rights to a potential future fourth-floor expansion, subject to city approvals, providing additional long-term upside.
    Location Intelligence

    Current Use by Public Records

    Mystery Train (Bike/Boat/Book/etc) Store Sawyer Free Library Public Library St Peter's Club ... Family Recreation Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gloucester
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.6655078
    Latitude
    42.6115736

    Nearby Similar for Lease

    • $1,500/Mo

      Downtown Gloucester Retail/Office Space

      Redeveloped 498 SF space near harbor, restaurants, and businesses.
      206 Main St unit: 2, Gloucester, MA 01930
      View Details
    • $7,500/Mo

      Waterfront Restaurant Opportunity

      Renovated restaurant space with patio and waterfront views.
      406 Washington Street #1, Gloucester, MA 01930
      View Details
    • $19 SF/Yr

      Versatile Office Suites with Harbor Views

      Three office suites available for lease with waterfront views.
      11-15 Parker, Gloucester, MA 01930
      View Details
    • $2,400/Mo

      Downtown Gloucester Retail/Office Space

      1,550 SF retail/office space in downtown Gloucester.
      7-11 Pleasant St #43, Gloucester, MA 01930
      View Details
    • $2,300/Mo

      Restaurant Space Near Gloucester's Main

      Restaurant space with equipment near Main Street, Gloucester.
      151 Main St, Gloucester, MA 01930
      View Details
    • $111 SF/Yr

      Professional Office Space with Views

      Elegant office space in East Gloucester with harbor and city views.
      108 E Main St, Gloucester, MA 01930
      View Details
    • $1,800/Mo

      Salon Space Ready For Occupancy

      Salon space with stations and sinks, near Magnolia beach.
      33 Lexington Ave, Gloucester, MA 01930
      View Details
    • $12 SF/Yr

      Functional Warehouse Space for Rent

      Clean warehouse space with shared loading dock near Route 128.
      29 Emerson Ave, Gloucester, MA 01930
      View Details
    • $1,500/Mo

      Downtown Gloucester Storefront for Rent

      Street-level storefront in historic downtown Gloucester, high-traffic area.
      11 Center Street, Gloucester, MA 01930
      View Details
    • $1,500/Mo

      Downtown Gloucester Retail/Office Space

      Redeveloped 498 SF space near harbor, restaurants, and businesses.
      206 Main St #2, Gloucester, MA 01930
      View Details
    • $2,400/Mo

      Prime Commercial Space in Gloucester

      Versatile commercial space in Gloucester's historic Main Street District.
      65 Middle St #1, Gloucester, MA 01930
      View Details
    • $18 SF/Yr

      Versatile Office Suites with Harbor Views

      Three office suites available for lease with waterfront views.
      11-15 Parker, Gloucester, MA 01930
      View Details

    FAQs

    What type of property is this?
    Office units - Top-floor commercial space with harbor views in downtown Gloucester.
    Where is this office units located?
    The property is located at 21 Main St #3 Gloucester, MA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Sweeping harbor and city views from a top‑floor location.; Enjoy ±2,931 SF full‑floor space with an open layout and abundant natural light.; Prime downtown Gloucester location with immediate access to amenities and transportation.
    (978) 762-0500
    We can help!
    Listing Contact
    Kevin Olson
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!