Second-Floor Office
319 Newburyport Tpke #205, Rowley, MA 01969
For Sale
New
Contact for pricing
The office layout includes open work space, conference rooms, private offices, and a kitchen area.
Property Size3,248 SF
Price / SF$0.00
Days on Market7
Property Features for 319 Newburyport Tpke #205
General Information
Standard status
Size
Net Rentable
Elevators
Site & Location
Highway Access
Road Access
Additional Details
Floor
Office Units
Property Use
Amenities
conference rooms
kitchen/dining room
landscaped
Building Details
Year Built
Listing Agency:
Keller Williams Realty
(978) 475-2111
Listed By:
Faulkner Commercial Group
(978) 269-5445
Source:
Lockandkeyre
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 3:32PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
Located on the second floor, this 3,248-square-foot office suite combines a large open work area with conference rooms, three private offices, and a kitchen and dining room. Access is available by elevator or either of two staircases, including one that opens directly to Suite 205; restrooms are in the common area. The 2005 building has parking in front and along its side, with landscaping around the property.
The business park fronts Route 1, which carries 12,000 AADT. The property is 3.5 miles from I-95, half a mile from Route 133, and 6 miles from downtown Newburyport. The suite is offered with a NNN lease structure, with utilities and NNN expenses paid by the tenant in addition to base rent.
The business park fronts Route 1, which carries 12,000 AADT. The property is 3.5 miles from I-95, half a mile from Route 133, and 6 miles from downtown Newburyport. The suite is offered with a NNN lease structure, with utilities and NNN expenses paid by the tenant in addition to base rent.
Key Highlights
- 3,248‑square‑foot second‑floor office suite
- Large open area, conference rooms, three private offices, and kitchen/dining room
- Elevator access and two staircases, including one leading directly to Suite 205
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,532
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,810,640
$1.8M
Cap Rate 7%
$1,293,314
$1.3M
Cap Rate 9%
$1,005,911
$1.0M
Market Conditions
NOI Build-Up for 3,248 SF
Gross rent
$148.1K $45.60/SF
− Vacancy
−$27.4K −$8.44/SF
EGI
$120.7K $37.16/SF
− OpEx
−$30.2K −$9.29/SF
NOI
$90.5K $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%
$1,810,640
Cap Rate 7%
$1,293,314
Cap Rate 9%
$1,005,911
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.51M
NOI $90,532 @ 7.0% cap · market cap 696,400.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,596 @ 7.0% cap · market cap 1,035,353.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
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Business Placement
Demographics for 01969, MA
6,161
Population
2,428
Households
2.5
Avg Household Size
47
Median Age
51%
College-Educated
98%
High-School Grad
18.2 sq mi
ZIP Area
339
Density / Sq Mi
$117,177
Median Household Income
$54,773
Median Earnings
$1,424
Median Rent
$633,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - The office layout includes open work space, conference rooms, private offices, and a kitchen area.
Where is this office unit located?
The property is located at 319 Newburyport Tpke #205 Rowley, MA.
What are key features of this property?
This property features: 3,248‑square‑foot second‑floor office suite; Large open area, conference rooms, three private offices, and kitchen/dining room; Elevator access and two staircases, including one leading directly to Suite 205
