Brand-New Contractor Flex
For Sale
$549,900
4-1431 Hilldale Ave, Haverhill, MA 01832
Newly built steel industrial contractor condos feature 23-ft ceilings, 14-ft overhead doors, and deeded outdoor parking.
Property Size2,442 SF
Price / SF$225.18
Days on Market138
Property Features for 4-1431 Hilldale Ave
General Information
Standard status
Active
Size
2,442 SF
Total Parking Spaces
5
Warehouse & Industrial
Clear Height
23 ft
Drive-In Doors
14
Sprinkler System
Yes
Additional Details
Service Bays
8
Office Units
8
Listing Agency:
Four Points Real Estate, LLC
(888) 944-5827
Listed By:
Chapman Real Estate Group
(617) 306-3926
Source:
Exprealty
Added: May 27
Changed: Oct 2
Last Checked: Oct 11 at 8:39AM
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 Four Points Real Estate, LLC
Investment Insights
Based on property information with market context.
A brand-new steel industrial/commercial contractor building offering a total of 8 condo units. Each unit is described as having 23-foot ceilings, 14-foot overhead doors, and a large 600-square-foot mezzanine. Units also include a first-floor half bath with a slop sink. The property has a gas Modine heating system, is fully sprinkled, and includes fire alarms.
Each bay is provided with five deeded outdoor parking spaces, with the ability to park vehicles inside as well. The remarks indicate the building is approximately 1 mile to Plaistow shopping and about 2 miles to Route 495.
Condo ownership provides each unit as a dedicated bay configuration within the multi-unit steel building, with mechanical and life-safety features already installed for tenant use.
Each bay is provided with five deeded outdoor parking spaces, with the ability to park vehicles inside as well. The remarks indicate the building is approximately 1 mile to Plaistow shopping and about 2 miles to Route 495.
Condo ownership provides each unit as a dedicated bay configuration within the multi-unit steel building, with mechanical and life-safety features already installed for tenant use.
Key Highlights
- Newly built steel industrial contractor condos with 8 condo units total, each unit offering 2,442 SF
- Each unit features 23‑ft ceilings and a 14‑ft overhead door
- Units include a 600 SF mezzanine and a first‑floor half bath with a slop sink
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,606
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$852,120
$852.1K
Cap Rate 7%
$608,657
$608.7K
Cap Rate 9%
$473,400
$473.4K
Market Conditions
NOI Build-Up for 2,442 SF
Gross rent
$70.3K $28.80/SF
− Vacancy
−$4.8K −$1.96/SF
EGI
$65.5K $26.84/SF
− OpEx
−$22.9K −$9.39/SF
NOI
$42.6K $17.45/SF
Area
Essex County, MA
Vacancy
6.80%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$852,120
Cap Rate 7%
$608,657
Cap Rate 9%
$473,400
Alternative Uses
Best Use
Flex RnD
$608.7K
$532.6K – $710.1K
NOI $42,606 @ 7.0% cap · market cap 7.75%
Second Best
Warehouse
$450.6K
$394.3K – $525.7K
NOI $31,542 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$1.45M
$1.26M – $1.69M
NOI $101,196 @ 7.0% cap · market cap 18.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
23 ft
Clear height
14
Drive-in doors
8
Service bays
8
Office units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,219
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01832, MA
25,656
Population
10,735
Households
2.4
Avg Household Size
38
Median Age
28%
College-Educated
90%
High-School Grad
11.4 sq mi
ZIP Area
2,251
Density / Sq Mi
$81,141
Median Household Income
$47,151
Median Earnings
$1,612
Median Rent
$410,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - Newly built steel industrial contractor condos feature 23-ft ceilings, 14-ft overhead doors, and deeded outdoor parking.
Where is this flex space located?
The property is located at 4-1431 Hilldale Ave Haverhill, MA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Newly built steel industrial contractor condos with 8 condo units total, each unit offering 2,442 SF; Each unit features 23‑ft ceilings and a 14‑ft overhead door; Units include a 600 SF mezzanine and a first‑floor half bath with a slop sink
