Flex Space with Warehouse
New
For Sale
Contact for pricing
55 Concord St Unit 115, North Reading, MA 01864
Available immediately for warehouse, sports, manufacturing, retail, or other flex applications.
Property Size3,200 SF
Price / SF$2.00
Days on Market5
Property Features for 55 Concord St Unit 115
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Commercial
Building Details
Year Built
1965
Listing Agency:
Charlesgate Realty Group LLC
(978) 664-3000
Listed By:
John E. Magazzu · License #91287
(978) 815-6098
Source:
Lockandkeyre
Added: Oct 21
Changed: Oct 25
Last Checked: Oct 24 at 5:47PM
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 Charlesgate Realty Group LLC
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Investment Insights
Based on property information with market context.
This 3,200-square-foot flex property at 55 Concord St, Unit 115, offers space for warehouse, sports, manufacturing, retail, or flex applications. The building dates to 1965, and the space is available immediately.
Key Highlights
- 3,200 square feet of flex space
- Available immediately
- Address: 55 Concord St, Unit 115, North Reading, MA 01864
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,870
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,400
$317.4K
Cap Rate 7%
$226,714
$226.7K
Cap Rate 9%
$176,333
$176.3K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$26.1K $8.16/SF
− Vacancy
−$1.7K −$0.53/SF
EGI
$24.4K $7.63/SF
− OpEx
−$8.5K −$2.67/SF
NOI
$15.9K $4.96/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,400
Cap Rate 7%
$226,714
Cap Rate 9%
$176,333
Alternative Uses
Best Use
Retail
$657.0K
$574.9K – $766.6K
NOI $45,993 @ 7.0% cap · market cap 718.64%
Second Best
Warehouse
$590.5K
$516.7K – $688.9K
NOI $41,332 @ 7.0% cap · market cap 645.81%
Theoretical Best
Office A
$1.89M
$1.66M – $2.21M
NOI $132,607 @ 7.0% cap · market cap 2,071.98%
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
147
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 01864, MA
15,554
Population
5,920
Households
2.6
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
13.2 sq mi
ZIP Area
1,178
Density / Sq Mi
$150,820
Median Household Income
$70,981
Median Earnings
$2,253
Median Rent
$680,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Available immediately for warehouse, sports, manufacturing, retail, or other flex applications.
Where is this flex space located?
The property is located at 55 Concord St Unit 115 North Reading, MA.
What are key features of this property?
This property features: 3,200 square feet of flex space; Available immediately; Address: 55 Concord St, Unit 115, North Reading, MA 01864
