Street-Level Showroom with
For Sale
Contact for pricing
447 Rantoul St, Beverly, MA 01915
Street-level commercial space with glass frontage, office, restrooms, and drive-in access.
Property Size3,100 SF
Price / SF$1.35
Days on Market254
Property Features for 447 Rantoul St
General Information
Standard status
Active
Size
3,100 SF
Property subtype
Commercial
Zoning
CC
Taxes and HOA fees
Annual Taxes
$25,537
Building Details
Building Size
3,100 SF
Year Built
1930
Listing Agency:
The Mega Group
(978) 762-9771
Listed By:
Jennifer DApice
(508) 612-3767
Source:
Churchillprop
Added: Feb 4
Changed: Oct 6
Last Checked: Oct 16 at 7:38AM
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 The Mega Group
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Investment Insights
Based on property information with market context.
This street-level showroom offers approximately 3,100 square feet with a 64' x 34' display area, extensive glass frontage, two customer entrances, and a 7' x 9' roll-up service opening. The layout also includes an office, a restroom with shower, and a private office restroom. A separate 34' x 24' unheated garage provides additional functional space through a 7'10' drive-in door. The premises has forced-air oil heat, with utilities separately metered, and is available for immediate occupancy.
The property is positioned at 447 Rantoul Street in Beverly, at the intersection of Route 1A and Route 62. Downtown shops and restaurants are accessible from the property, and Beverly Depot Commuter Rail Station is nearby. The site combines a visible street-facing commercial setting with showroom, office, restroom, service, and garage components.
The property is positioned at 447 Rantoul Street in Beverly, at the intersection of Route 1A and Route 62. Downtown shops and restaurants are accessible from the property, and Beverly Depot Commuter Rail Station is nearby. The site combines a visible street-facing commercial setting with showroom, office, restroom, service, and garage components.
Key Highlights
- Approximately 3,100 square feet of street‑level showroom space
- 64' x 34' showroom with high glass frontage and two front doors
- 34' x 24' unheated garage with a 7'10' drive‑in door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,934
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,018,680
$1.0M
Cap Rate 7%
$727,629
$727.6K
Cap Rate 9%
$565,933
$565.9K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$74.4K $24.00/SF
− Vacancy
−$1.6K −$0.53/SF
EGI
$72.8K $23.47/SF
− OpEx
−$21.8K −$7.04/SF
NOI
$50.9K $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 Rate 5%
$1,018,680
Cap Rate 7%
$727,629
Cap Rate 9%
$565,933
Alternative Uses
Best Use
Retail
$727.6K
$636.7K – $848.9K
NOI $50,934 @ 7.0% cap · market cap 1,212.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,463 @ 7.0% cap · market cap 3,058.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,055
Businesses Nearby
152k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 27%
Groceries 24%
Home Improvements & Furnishings 2%
Stop & Shop
Groceries
36,008 visits/mo
0.3 miles
McDonald's
Dining
24,738 visits/mo
0.3 miles
Dollar Tree
Shops & Services
16,701 visits/mo
0.2 miles
Speedway
Shops & Services
15,345 visits/mo
0.4 miles
Dunkin' Donuts
Dining
15,338 visits/mo
0.1 miles
Demographics for 01915, MA
42,341
Population
17,318
Households
2.4
Avg Household Size
40
Median Age
51%
College-Educated
97%
High-School Grad
14.2 sq mi
ZIP Area
2,982
Density / Sq Mi
$102,347
Median Household Income
$57,989
Median Earnings
$1,684
Median Rent
$619,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Lena Nargozian Gallery — 130 Cabot St, Beverly, MA 01915
- North Shore Carpet — 453 Rantoul St, Beverly, MA 01915
Frequently Asked Questions
What type of property is this?
Showroom - Street-level commercial space with glass frontage, office, restrooms, and drive-in access.
Where is this showroom located?
The property is located at 447 Rantoul St Beverly, MA.
What are key features of this property?
This property features: Approximately 3,100 square feet of street‑level showroom space; 64' x 34' showroom with high glass frontage and two front doors; 34' x 24' unheated garage with a 7'10' drive‑in door
