461 Boston St #A1, Topsfield, MA 01983
1996 SF industrial condo with mezzanine near I-95.
- Added:
- Apr 25, 2026
- Days on Market:
- 48
- Last Refresh:
- Apr 25 at 6:24 am
Property Features for 461 Boston St #A1
General Information
- Standard status
- Active
- Size
- 1,996 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1987
Listing agent Charles Vaciliou (781) 953-2939
Listing office Realty One Group Nest (781) 953-2939
Listing date Apr 25, 2026
Source Liongatere
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 Realty One Group Nest
HighLights
- High‑bay industrial condominium with a 1,996 SF unit plus 200 SF mezzanine.
- Located in Topsfield's desirable New England Business Park, just off Route 1 and minutes from I‑95.
- Features 200‑amp, 3‑phase power with bus‑duct distribution, gas heat, and HVAC.
- Includes overhead lifts for various trades, service, and light manufacturing.
- Professionally managed association with a modest $565/month condo fee.
- Exceptional access to Peabody, Danvers, and the broader North Shore market.
Overview
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 | $57.5k | $28.80 |
| − Vacancy | −$3.9k | −$1.96 |
| EGI | $53.6k | $26.84 |
| − OpEx | −$18.8k | −$9.39 |
| NOI | $34.8k | $17.45 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Topsfield
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.9286351
- Latitude
- 42.6628313
