Flex Space with Dock
33 Blackburn Center, Gloucester, MA 01930
For Sale
New
Contact for pricing
The unit combines open warehouse area with dedicated office space and three-phase power.
Property Size2,390 SF
Price / SF$0.01
Days on Market4
Property Features for 33 Blackburn Center
General Information
Standard status
Size
Zoning
Site & Location
Highway Access
Utilities to Site
Additional Details
Sprinkler System
Amenities
three-phase power
natural gas Modine heat
common bathrooms
racking
dock-height loading position
overhead door
Building Details
Year Built
Listing Agency:
Sovereign Realty Advisors, LLC
(978) 283-0008
Listed By:
Fred Newton
(508) 725-7017
Source:
Lockandkeyre
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:22PM
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 Sovereign Realty Advisors, LLC
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 flex unit at 33 Blackburn Center has warehouse and office areas, with the warehouse largely open apart from one column. Clear height measures 19 feet 4 inches under the joists. A dock-height loading position is served by an 8-foot by 8-foot overhead door. The property also has three-phase power, natural gas Modine heat, sprinkler protection, and access to two common bathrooms. Existing racking may remain for tenant use or be removed by the landlord.
The Gloucester property is 3/4 mile from the Rte 128 extension. Onsite parking accommodates over 50 vehicles. Zoning is BP (Business Park), with listed potential uses including office, contractor or trades, bulk storage, warehouse, light industrial, and manufacturing, subject to verification of permitted uses and suitability for the intended operation. Availability is noted for Nov 15.
The Gloucester property is 3/4 mile from the Rte 128 extension. Onsite parking accommodates over 50 vehicles. Zoning is BP (Business Park), with listed potential uses including office, contractor or trades, bulk storage, warehouse, light industrial, and manufacturing, subject to verification of permitted uses and suitability for the intended operation. Availability is noted for Nov 15.
Key Highlights
- 19 feet 4 inches of warehouse height under the joists
- One dock‑height loading position with an 8‑foot by 8‑foot overhead door
- Three‑phase power and natural gas Modine heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,557
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,140
$511.1K
Cap Rate 7%
$365,100
$365.1K
Cap Rate 9%
$283,967
$284.0K
Market Conditions
NOI Build-Up for 2,390 SF
Gross rent
$38.4K $16.08/SF
− Vacancy
−$1.9K −$0.80/SF
EGI
$36.5K $15.28/SF
− OpEx
−$11.0K −$4.58/SF
NOI
$25.6K $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%
$511,140
Cap Rate 7%
$365,100
Cap Rate 9%
$283,967
Alternative Uses
Best Use
Flex RnD
$595.7K
$521.2K – $695.0K
NOI $41,698 @ 7.0% cap
Second Best
Warehouse
$445.7K
$390.0K – $520.0K
NOI $31,197 @ 7.0% cap
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $99,041 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
485
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01930, MA
29,729
Population
14,630
Households
2
Avg Household Size
50
Median Age
39%
College-Educated
94%
High-School Grad
26.2 sq mi
ZIP Area
1,135
Density / Sq Mi
$87,898
Median Household Income
$49,580
Median Earnings
$1,395
Median Rent
$587,800
Median Home Value
Market
Average Price Trend$/SF for Flex space in Essex County, MA
Properties on Market for Flex space in Essex County
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Classic Cooks — 27 Eastern Ave, Gloucester, MA 01930
- Essex Clambake — 9 Blackburn Dr, Gloucester, MA 01930
Frequently Asked Questions
What type of property is this?
Flex space - The unit combines open warehouse area with dedicated office space and three-phase power.
Where is this flex space located?
The property is located at 33 Blackburn Center Gloucester, MA.
What are key features of this property?
This property features: 19 feet 4 inches of warehouse height under the joists; One dock‑height loading position with an 8‑foot by 8‑foot overhead door; Three‑phase power and natural gas Modine heat
