Topsfield Office Park Commercial
For Sale
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430 Boston St # 209-210, Topsfield, MA 01983
Versatile 2,000 sq ft commercial space in Topsfield Office Park.
Property Size2,000 SF
Price / SF$1.14
Days on Market235
Property Features for 430 Boston St # 209-210
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Zoning
BP
Building Details
Year Built
1986
Listing Agency:
J. Barrett & Company
(978) 922-3683
Listed By:
The Lopes Group
(617) 835-2394
Source:
Churchillprop
Added: Mar 13
Changed: Oct 31
Last Checked: Nov 1 at 2:38AM
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 J. Barrett & Company
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Investment Insights
Based on property information with market context.
Located on the second level of a well-managed professional office building in Topsfield Office Park, this 2,000 square foot commercial space is suitable for a variety of businesses. The flexible, open layout is ideal for a yoga studio or similar ventures, providing a serene environment complemented by picturesque outdoor spaces available for tenant use. The building is in excellent condition and fully sprinklered. The combined unit features one large open space, two offices, two half bathrooms, and a kitchenette. The property is positioned at 430 Boston Street, with visibility and accessibility from Old Route 1 and Boston Street, and ample on-site parking. It is conveniently located near Route 95, Route 97, and Route 133, offering access to the North Shore of Boston. The location has a walk score of 0, indicating car dependence, and a bike score of 30, indicating it is somewhat bikeable.
Key Highlights
- Prime North Shore location with high visibility and easy access from Boston St. and Old Route 1.
- Conveniently located near Route 95, Route 97, and Route 133, providing excellent access to the entire North Shore.
- Flexible, open 2,000 sq. ft. layout suitable for various businesses, including yoga studios.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,746
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,114,920
$1.1M
Cap Rate 7%
$796,371
$796.4K
Cap Rate 9%
$619,400
$619.4K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$91.2K $45.60/SF
− Vacancy
−$16.9K −$8.44/SF
EGI
$74.3K $37.16/SF
− OpEx
−$18.6K −$9.29/SF
NOI
$55.7K $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%
$1,114,920
Cap Rate 7%
$796,371
Cap Rate 9%
$619,400
Alternative Uses
Best Use
Office B
$796.4K
$696.8K – $929.1K
NOI $55,746 @ 7.0% cap · market cap 2,437.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,879 @ 7.0% cap · market cap 3,623.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
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Business Placement
Demographics for 01983, MA
6,569
Population
2,319
Households
2.8
Avg Household Size
47
Median Age
73%
College-Educated
98%
High-School Grad
11.9 sq mi
ZIP Area
552
Density / Sq Mi
$176,698
Median Household Income
$74,872
Median Earnings
$1,003
Median Rent
$810,400
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Versatile 2,000 sq ft commercial space in Topsfield Office Park.
Where is this office unit located?
The property is located at 430 Boston St # 209-210 Topsfield, MA.
What are key features of this property?
This property features: Prime North Shore location with high visibility and easy access from Boston St. and Old Route 1.; Conveniently located near Route 95, Route 97, and Route 133, providing excellent access to the entire North Shore.; Flexible, open **2,000 sq. ft. layout** suitable for various businesses, including yoga studios.
