Brand-New Contractor Flex Bays

4-1431 Hilldale Ave Haverhill, MA 01832

Claim this Listing
For Sale
$575,000

Newly built steel industrial contractor condos feature 23-ft ceilings, 14-ft overhead doors, and deeded outdoor parking.

Property size:
2,442 SF
Price / SF:
$235/SF
Added:
May 27, 2026
Days on Market:
47
Last Refresh:
Jul 10 at 3:09 am

Property Features for 4-1431 Hilldale Ave

General Information

Standard status
Active
Size
2,442 SF

Listing office Four Points Real Estate, LLC

Listing date May 27, 2026

Source Exprealty

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.

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

Local Financial Insights For Flex RnD

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 $70.3k $28.80
− Vacancy −$4.8k −$1.96
EGI $65.5k $26.84
− OpEx −$22.9k −$9.39
NOI $42.6k $17.45
2,442 SF · lease $28.80/SF/yr · vacancy 6.80% · expense 35.00%

Alternative Uses

Best Use
Flex RnD
$608.7K
$532.6K – $710.1K (±1% cap)
NOI $42,606 @ 7.0% cap · market cap 7.41%
Second Best
Warehouse
$450.6K
$394.3K – $525.7K (±1% cap)
NOI $31,542 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$1.45M
$1.26M – $1.69M (±1% cap)
NOI $101,196 @ 7.0% cap · market cap 17.60%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Garden Center Locksmith (Bike/Boat/Book/etc) Store Hotel & Motel Florist (Bike/Boat/Book/etc) Store Pet Grooming Service (Bike/Boat/Book/etc) Store Catering Service Carpet & Flooring Store

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

Similar Off Market Nearby

  • Whitsons School Nutrition — 191 Merrimack St # 504, Haverhill, MA 01830

FAQs

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 $575,000.
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
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