Standalone Retail
37 Margin Street Peabody, MA 01960
37 Margin Street, Peabody, MA, 01960
$1,750,000
For Sale
$1,750,000
Standalone commercial building with a full basement, ample parking, and strong road frontage for signage opportunities.
Property Size4,640 SF
Price / SF$377.16
Days on Market234
Property Features for 37 Margin Street
General Information
- Standard status
- Active
- Size
- 4,640 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1992
Listing agency
Berkshire Hathaway HomeServices Commonwealth Real Estate
Listed by
Peter Kim
(978) 808-8064
Source
Merryfoxrealty
Added: Nov 29, 2025 Updated: Jul 20 at 4:55PM Checked: Jul 21 at 7:06AM
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 Commonwealth Real Estate
Investment Insights
Based on property information with market context.
This standalone commercial building is well-suited for either owner-occupancy or investment. The property includes a full basement and is currently operating as a dry cleaners, with the seller indicating it will be delivered vacant with all equipment removed. The configuration supports a range of retail or service uses based on its existing storefront orientation.
The building benefits from strong street presence and signage opportunities along a busy road. The remarks indicate excellent accessibility, with the property located just off Route 1 and Interstate 95, supporting strong regional connectivity. The offering also includes ample on-site customer and staff parking.
With frontage and visibility emphasized in the property description, this site provides a practical retail address and flexible interior space for a new operator seeking a standalone footprint in a retail corridor setting.
The building benefits from strong street presence and signage opportunities along a busy road. The remarks indicate excellent accessibility, with the property located just off Route 1 and Interstate 95, supporting strong regional connectivity. The offering also includes ample on-site customer and staff parking.
With frontage and visibility emphasized in the property description, this site provides a practical retail address and flexible interior space for a new operator seeking a standalone footprint in a retail corridor setting.
Key Highlights
- Standalone commercial building built in 1992 with a full basement
- Ample on‑site customer and staff parking
- High‑visibility location with frontage on a busy road and signage opportunities; 65,000 cars daily
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.4k | $24.00 |
| − Vacancy | −$2.4k | −$0.53 |
| EGI | $108.9k | $23.47 |
| − OpEx | −$32.7k | −$7.04 |
| NOI | $76.2k | $16.43 |
4,640 SF · lease $24.00/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.09M
$953.0K – $1.27M
NOI $76,237 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.75M
$2.40M – $3.20M
NOI $192,280 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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- Glea Flowers — 10 Driscoll St, Peabody, MA 01960
FAQs
What type of property is this?
Storefront property - Standalone commercial building with a full basement, ample parking, and strong road frontage for signage opportunities.
Where is this storefront property located?
The property is located at 37 Margin Street Peabody, MA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Standalone commercial building built in 1992 with a full basement; Ample on‑site customer and staff parking; High‑visibility location with frontage on a busy road and signage opportunities; 65,000 cars daily
