Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Spacious Office with Workshop Space Title is generated by Realmo AI

    30R Hampshire, Methuen, MA 01844

    View on Map
    Claim this Listing
    For Lease
    $2,850/Mo $12 SF/Yr (calc)

    Move-in ready office with workshop in historic Methuen Mill.

    Type:Commercial
    Property size:
    2,689 SF
    Added:
    Mar 22, 2026
    Days on Market:
    73
    Last Refresh:
    Apr 1 at 8:55 pm

    Property Features for 30R Hampshire

    General Information

    Standard status
    Active
    Size
    2,689 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2026

    We can help!

    Listing Contact
    Paula Constance

    Listing agent Paula Constance

    Listing office Berkshire Hathaway HomeServices Verani Realty

    Listing date Mar 22, 2026

    Source Corcoran

    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 Berkshire Hathaway HomeServices Verani Realty

    HighLights

    • Entire floor with 1,920 SF office space plus 769 SF workshop/studio space.
    • Stunning waterfall views and abundant natural light.
    • Flexible, open‑concept layout suitable for various uses.
    • Move‑in ready with modern finishes and kitchenette with granite countertops.
    • Zoned Commercial Central Business District offering diverse business possibilities.
    • Convenient location near highways, downtown, free parking, and amenities.

    Overview

    This property offers a spacious, flexible layout suitable for office and workshop/studio/light industrial use, situated in the thriving historic Methuen Mill district. The move-in ready office space encompasses 1,920 square feet and features an open-concept design with natural light and waterfall views. Modern finishes and a kitchenette with granite countertops are included, along with private walk-in access. An additional 769 square feet of space is located one flight down, featuring hardwood floors and natural light, suitable for workshop, craftsman, storage, studio, or light industrial purposes. The property benefits from easy access digital entry, an outside picnic area, and a riverwalk. Zoned Commercial Central Business District, the property is suitable for entrepreneurial ventures, engineering offices, light manufacturing, wellness centers, non-profits, and architects. The total property size is 2,689 square feet. The location provides proximity to highways, is steps from downtown, and offers free parking near popular eateries.
    Location Intelligence

    Current Use by Public Records

    Olson Electric Development ... Electrical Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Methuen
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1888198
    Latitude
    42.7275427

    Nearby Similar for Lease

    • $2,950/Mo
      1,400 SF

      Methuen Commercial Suite For Lease

      Well-located 1,400 SF commercial suite ideal for various uses.
      105 Haverhill St, Methuen, MA 01844
      View Details
    • $2,500/Mo

      High-Visibility Commercial Unit in Methuen

      1300 sq ft commercial space on a bustling corridor.
      127 Lowell St, Methuen, MA 01844
      View Details
    • $2,500/Mo

      High-Visibility Commercial Unit in Methuen

      Flexible 1,300 sq ft commercial space with highway access.
      129 Lowell Street, Methuen, MA 01844
      View Details
    • $2,850/Mo
      2,689 SF

      Spacious Flex Space with Workshop

      Flexible open-concept layout with workshop in historic district.
      30R Hampshire, Methuen, MA 01844
      View Details
    • $2,300/Mo
      1,000 SF

      Methuen Office Space for Lease

      Lower-level office suite in high-traffic Methuen location.
      460 Broadway, Methuen Town, MA 01844
      View Details
    • $2,500/Mo
      1,300 SF

      High-Visibility Commercial Unit For Rent

      1300 sq ft commercial unit on a bustling corridor.
      129 Lowell St 129, Methuen Town, MA 01844
      View Details
    • $2,500/Mo
      1,300 SF

      High-Visibility Commercial Unit For Rent

      1,300 sq ft commercial unit with flexible layout.
      127 Lowell St #127, Methuen, MA 01844
      View Details
    • $2,950/Mo
      1,400 SF

      Well-Located Commercial Suite For Rent

      First-floor commercial suite suitable for office, medical, service, or retail.
      105 Haverhill St #1, Methuen, MA 01844
      View Details
    • $2,500/Mo
      1,300 SF

      High-Visibility Commercial Unit For Rent

      1,300 sq ft commercial unit on a bustling main corridor.
      127 Lowell St 127, Methuen Town, MA 01844
      View Details
    • $780/Mo
      332 SF

      Furnished Office Space in Methuen

      Furnished office space in Methuen with highway access.
      126-A Pleasant Valley Street #6, Methuen, MA 01844
      View Details
    • $28 SF/Yr
      1,920 SF

      New Retail/Office/Medical Building

      New single-tenant building with frontage and visibility, delivered Q3 2025.
      130 Merrimack St, Methuen, MA 01844
      View Details
    • $2,000/Mo

      Commercial Space for Multiple Uses

      Commercial/retail space suitable for salon, retail, office, or other uses.
      23 Lowell St, Methuen, MA 01844
      View Details

    FAQs

    What type of property is this?
    Office units - Move-in ready office with workshop in historic Methuen Mill.
    Where is this office units located?
    The property is located at 30R Hampshire Methuen, MA.
    What is the lease rate?
    The lease rate is $2,850 /Mo.
    What are key features of this property?
    This property features: Entire floor with 1,920 SF office space plus 769 SF workshop/studio space.; **Stunning waterfall views and abundant natural light.**; Flexible, open‑concept layout suitable for various uses.
    (603) 434-2377
    We can help!
    Listing Contact
    Paula Constance
    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

    Thank You for Inquiry
    30R Hampshire, Methuen, MA 01844
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!