New Flex Space With
5-1431 Hilldale Ave, Haverhill, MA 01832
For Sale
$549,900
Industrial condo bays offer customizable layouts, overhead access, dedicated parking, and proximity to shopping and Route 495.
Property Size2,442 SF
Price / SF$225.18
Days on Market195
Property Features for 5-1431 Hilldale Ave
General Information
Standard status
Size
Total Parking Spaces
Warehouse & Industrial
Clear Height
Mezzanine
Sprinkler System
Building Details
Construction
Listing Agency:
Four Points Real Estate, LLC
(888) 944-5827
Listed By:
Chapman Real Estate Group
(617) 306-3926
Source:
Exprealty
Added: Apr 29
Changed: Oct 25
Last Checked: Nov 8 at 11:40AM
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 Four Points Real Estate, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This brand-new steel flex space property includes 8 condominium units, with each unit measuring 2,442 square feet. The configuration includes 23-foot ceilings, a 14-foot overhead door, and a 600-square-foot mezzanine, providing substantial vertical and interior utility. Each bay also has a first-floor half bath with a slop sink and a gas Modine heating system.
The building is fully sprinklered and equipped with fire alarms. Owners can customize their individual spaces, with the layout supporting both interior vehicle storage and business operations. Each unit includes 5 deeded outdoor parking spaces.
Located at 5-1431 Hilldale Ave in Haverhill, the property is 1 mile from Plaistow shopping and 2 miles from Route 495.
The building is fully sprinklered and equipped with fire alarms. Owners can customize their individual spaces, with the layout supporting both interior vehicle storage and business operations. Each unit includes 5 deeded outdoor parking spaces.
Located at 5-1431 Hilldale Ave in Haverhill, the property is 1 mile from Plaistow shopping and 2 miles from Route 495.
Key Highlights
- 8 flex space condo units, each measuring 2,442 sf
- 23‑foot ceilings with 14‑foot overhead doors
- Each unit includes a 600 sf mezzanine
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,606
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$852,120
$852.1K
Cap Rate 7%
$608,657
$608.7K
Cap Rate 9%
$473,400
$473.4K
Market Conditions
NOI Build-Up for 2,442 SF
Gross rent
$70.3K $28.80/SF
− Vacancy
−$4.8K −$1.96/SF
EGI
$65.5K $26.84/SF
− OpEx
−$22.9K −$9.39/SF
NOI
$42.6K $17.45/SF
Area
Essex County, MA
Vacancy
6.80%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$852,120
Cap Rate 7%
$608,657
Cap Rate 9%
$473,400
Alternative Uses
Best Use
Flex RnD
$608.7K
$532.6K – $710.1K
NOI $42,606 @ 7.0% cap · market cap 7.75%
Second Best
Warehouse
$455.4K
$398.4K – $531.3K
NOI $31,875 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$1.45M
$1.26M – $1.69M
NOI $101,196 @ 7.0% cap · market cap 18.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
23 ft
Clear height
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,219
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01832, MA
25,656
Population
10,735
Households
2.4
Avg Household Size
38
Median Age
28%
College-Educated
90%
High-School Grad
11.4 sq mi
ZIP Area
2,251
Density / Sq Mi
$81,141
Median Household Income
$47,151
Median Earnings
$1,612
Median Rent
$410,300
Median Home Value
Market
Average Price Trend$/SF for Flex space in Haverhill, MA
Properties on Market for Flex space in Haverhill
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Whitsons School Nutrition — 191 Merrimack St # 504, Haverhill, MA 01830
Frequently Asked Questions
What type of property is this?
Flex space - Industrial condo bays offer customizable layouts, overhead access, dedicated parking, and proximity to shopping and Route 495.
Where is this flex space located?
The property is located at 5-1431 Hilldale Ave Haverhill, MA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 8 flex space condo units, each measuring 2,442 sf; 23‑foot ceilings with 14‑foot overhead doors; Each unit includes a 600 sf mezzanine
