Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    461 Boston St A1 Topsfield, MA 1983

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $399,900

    High-bay industrial condo with mezzanine in Topsfield's business park.

    Type:Commercial
    Property size:
    1,996 SF
    Added:
    Apr 27, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 27 at 8:01 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

    We can help!

    Listing Contact
    Charles Vaciliou

    Listing agent Charles Vaciliou

    Listing office Realty One Group Nest

    Listing date Apr 27, 2026

    Source Elliman

    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

    Overview

    Industrial Condo in New England Park

    Located in Topsfield’s New England Business Park, this 1,996 square foot industrial condominium unit includes an additional 200 square foot mezzanine suitable for storage or light assembly. The unit features 200-amp, 3-phase power with bus-duct distribution, gas heat, HVAC, and overhead lifts, providing flexibility for various trades, service, and light manufacturing uses. The property is located off Route 1 and minutes from I-95, offering access to Peabody, Danvers, and the North Shore market. The property is part of a professionally managed association with a condo fee of $565 per month. The location has a walk score of 8, indicating car dependence, and a bike score of 20, indicating it is somewhat bikeable.
    Location Intelligence

    Current Use by Public Records

    New England Business ... Business Service Center M a Olson Co ... Professional Services B L Mosher ... Business Management Consultant TrainCaster LMS (Bike/Boat/Book/etc) Store Spectrum Industries Industrial Manufacturer

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Topsfield
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9286351
    Latitude
    42.6628313

    Nearby Similar for Sale

    • $299,000

      Four Office Condominiums Package

      Four office condos on Route 1, income potential.
      218 Boston Street #multiple, Topsfield, MA 01983
      View Details
    • $2,287
      2,000 SF

      Topsfield Office Park Commercial Space

      Versatile 2,000 sq ft commercial space in Topsfield Office Park.
      430 Boston St 209-210, Topsfield, MA 01983
      View Details
    • $2,287
      2,000 SF

      Topsfield Office Park Commercial Space

      Versatile commercial space in a well-managed Topsfield office park.
      430 Boston St #209-210, Topsfield, MA 01983
      View Details
    • $399,900
      1,996 SF

      Topsfield Industrial Condo For Sale

      1996 SF industrial condo with mezzanine near I-95.
      461 Boston St #A1, Topsfield, MA 01983
      View Details
    • $299,000
      1,950 SF

      Four Office Condominiums Package

      Four office condos for sale near Topsfield Fairgrounds.
      218 Boston Street #multiple, Topsfield, MA 01983
      View Details
    • $399,900
      1,996 SF

      Topsfield Industrial Condo with Mezzanine

      1996 SF industrial condo with mezzanine near I-95.
      461 Boston St #A1, Topsfield, MA 01983
      View Details
    • Contact for pricing
      2,000 SF

      Topsfield Office Park Commercial Space

      2,000 sq ft commercial space in Topsfield Office Park.
      430 Boston St #209-210, Topsfield, MA 01983
      View Details
    • Contact for pricing

      Four Office Condominiums Package

      Four office condos for sale, Route 1 location.
      218 Boston Street, Unit multiple, Topsfield, MA 01983
      View Details
    • Contact for pricing
      2,000 SF

      Topsfield Office Park Commercial Space

      2,000 sq ft commercial space in Topsfield Office Park.
      430 Boston Street, Unit 209-210, Topsfield, MA 01983
      View Details
    • $14
      3,900 SF

      Former Bank Branch with Drive-Thru

      Former bank branch in Central Business District with drive-thru.
      30 Main St, Topsfield, MA 01983
      View Details

    FAQs

    What type of property is this?
    Flex space - High-bay industrial condo with mezzanine in Topsfield's business park.
    Where is this flex space located?
    The property is located at 461 Boston St A1 Topsfield, MA.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: 1,996 SF high‑bay industrial condominium with an additional 200 SF mezzanine.; 200‑amp, 3‑phase power with bus‑duct distribution.; Excellent location off Route 1 and minutes from I‑95, providing easy access to the North Shore.
    (781) 953-2939
    We can help!
    Listing Contact
    Charles Vaciliou
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!