Flex Building with Roll-Up
For Sale
$1,100,000
430 Maple Street, Danvers, MA 01923
Flex building with office and warehouse space, 10-foot ceilings, and a 6x10 rollup service entrance on-site parking.
Property Size5,960 SF
Lot Size0.26 Acres
Price / SF$184.56
Days on Market132
Property Features for 430 Maple Street
General Information
Standard status
Active
Size
5,960 SF
Total Parking Spaces
11
Lot size
0.26 Acres
Property subtype
Commercial
Zoning
HCZ
Additional Details
Clear Height
10 ft
Building Details
Year Built
1960
Listing Agency:
The Mega Group
Listed By:
Brian DApice
(617) 680-0690
Source:
Inrealtyinc
Added: Apr 14
Changed: Aug 18
Last Checked: Aug 23 at 8:29AM
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.
430 Maple Street (Route 1) in Danvers is a flex-style property built around 1960, offering a combination of office, retail and warehouse space in one building. The interior includes numerous windows that can support a reception or showroom use, along with climate-controlled office areas, a conference room, a computer/server room, a kitchenette/break area, and private restrooms. The rear portion transitions into warehouse space with approximately 10-foot ceilings, ample storage, and a 6x10 rollup service entrance.
The building sits on approximately 11,448 square feet of land and provides on-site parking out front and along the side for 11 vehicles. The property is positioned on Route 1 and is described as having options for commercial uses allowed by right or by permit within the HCZ; interested parties should confirm specific use requirements.
With a total of approximately 5,960 square feet, including about 3,260 square feet of office/retail space and about 2,700 square feet of warehouse space, this layout can fit tenants seeking a functional mix of client-facing space and light industrial storage or operations. The presence of dedicated office amenities and a direct rollup service entrance supports day-to-day workflows that require both customer interaction and handling/storage capacity in the same footprint.
The building sits on approximately 11,448 square feet of land and provides on-site parking out front and along the side for 11 vehicles. The property is positioned on Route 1 and is described as having options for commercial uses allowed by right or by permit within the HCZ; interested parties should confirm specific use requirements.
With a total of approximately 5,960 square feet, including about 3,260 square feet of office/retail space and about 2,700 square feet of warehouse space, this layout can fit tenants seeking a functional mix of client-facing space and light industrial storage or operations. The presence of dedicated office amenities and a direct rollup service entrance supports day-to-day workflows that require both customer interaction and handling/storage capacity in the same footprint.
Key Highlights
- 5,960 +/- SF flex building built around 1960 with 3,260 +/- SF office/retail and 2,700 +/- SF warehouse
- 11,448 +/- SF lot with on‑site parking for 11 vehicles out front and along the side
- Warehouse features about 10‑foot ceilings, ample storage, 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
$76,981
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
7.00%
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%
$1,539,620
$1.5M
Cap Rate 7%
$1,099,729
$1.1M
Cap Rate 9%
$855,344
$855.3K
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
$95.8K $16.08/SF
− Vacancy
−$5.3K −$0.88/SF
EGI
$90.6K $15.20/SF
− OpEx
−$13.6K −$2.28/SF
NOI
$77.0K $12.92/SF
Area
Essex County, MA
Vacancy
5.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
15.00%
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%
$1,539,620
Cap Rate 7%
$1,099,729
Cap Rate 9%
$855,344
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
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
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Frequently Asked Questions
What type of property is this?
Flex space - Flex building with office and warehouse space, 10-foot ceilings, and a 6x10 rollup service entrance on-site parking.
Where is this flex space located?
The property is located at 430 Maple Street 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 +/- SF flex building built around 1960 with 3,260 +/- SF office/retail and 2,700 +/- SF warehouse; 11,448 +/- SF lot with on‑site parking for 11 vehicles out front and along the side; Warehouse features about 10‑foot ceilings, ample storage, and a 6x10 rollup service entrance
