Flex Building with Warehouse
For Sale
$1,100,000
430 Maple St, Danvers, MA 01923
Flexible commercial building combining climate-controlled offices, showroom potential, and rear warehouse space.
Property Size5,960 SF
Lot Size0.26 Acres
Price / SF$184.56
Days on Market58
Property Features for 430 Maple St
General Information
Standard status
Active
Size
5,960 SF
Total Parking Spaces
11
Lot size
0.26 Acres
Property subtype
Commercial
Zoning
HCZ
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
10 ft
Warehouse Space
2,700 SF
Office Build-Out
3,260 SF
Taxes and HOA fees
Annual Taxes
$15,551
Amenities
climate controlled office space
conference room
computer/server room
kitchenette/break area
private restrooms
Building Details
Building Size
5,960 SF
Year Built
1960
Buildings
1
Listing Agency:
The Mega Group
(978) 762-9771
Listed By:
Brian DApice · License #9538300
Source:
Classifiedrealtygroup
Added: Jul 4
Changed: Aug 29
Last Checked: Aug 28 at 7:25AM
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 The Mega Group
Investment Insights
Based on property information with market context.
Located at 430 Maple Street in Danvers, this flex property contains 5,960 +/- square feet within a building constructed around 1960. The interior combines 3,260 +/- square feet of office and retail area with 2,700 +/- square feet of warehouse space. The front portion includes window-lined areas suitable for reception or display, along with climate-controlled offices, a conference room, computer/server room, kitchenette/break area, and private restrooms. The rear warehouse offers approximately 10-foot ceilings, storage capacity, and a 6x10 rollup service entrance.
The property occupies 11,448 +/- square feet of land and provides on-site parking for eleven vehicles at the front and side of the building. It is zoned HCZ, with commercial uses subject to applicable by-right or permitting requirements.
The property occupies 11,448 +/- square feet of land and provides on-site parking for eleven vehicles at the front and side of the building. It is zoned HCZ, with commercial uses subject to applicable by-right or permitting requirements.
Key Highlights
- 5,960 +/- square feet of building area on 11,448 +/- square feet of land
- 3,260 +/- square feet of office / retail space and 2,700 +/- square feet of warehouse space
- Warehouse area with about 10‑foot ceilings and a 6x10 rollup service entrance
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$97,925
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,958,500
$2.0M
Cap Rate 7%
$1,398,929
$1.4M
Cap Rate 9%
$1,088,056
$1.1M
Market Conditions
NOI Build-Up for 5,960 SF
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.
Gross rent
$143.0K $24.00/SF
− Vacancy
−$3.1K −$0.53/SF
EGI
$139.9K $23.47/SF
− OpEx
−$42.0K −$7.04/SF
NOI
$97.9K $16.43/SF
Area
Essex County, MA
Vacancy
2.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,958,500
Cap Rate 7%
$1,398,929
Cap Rate 9%
$1,088,056
Alternative Uses
Best Use
Office B
$2.37M
$2.08M – $2.77M
NOI $166,123 @ 7.0% cap · market cap 15.10%
Second Best
Flex RnD
$1.49M
$1.30M – $1.73M
NOI $103,984 @ 7.0% cap · market cap 9.45%
Theoretical Best
Office A
$3.53M
$3.09M – $4.12M
NOI $246,981 @ 7.0% cap · market cap 22.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01923, MA
27,987
Population
11,405
Households
2.5
Avg Household Size
46
Median Age
47%
College-Educated
95%
High-School Grad
13.2 sq mi
ZIP Area
2,120
Density / Sq Mi
$117,072
Median Household Income
$59,916
Median Earnings
$2,004
Median Rent
$611,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial building combining climate-controlled offices, showroom potential, and rear warehouse space.
Where is this flex space located?
The property is located at 430 Maple St Danvers, MA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 5,960 +/- square feet of building area on 11,448 +/- square feet of land; 3,260 +/- square feet of office / retail space and 2,700 +/- square feet of warehouse space; Warehouse area with about 10‑foot ceilings and a 6x10 rollup service entrance
