Automotive Corner
For Sale
$1,400,000
560 River Street, Haverhill, MA 01832
Corner lot with an existing automotive-use building, offering CH zoning for a range of retail and commercial options.
Property Size4,184 SF
Lot Size0.50 Acres
Price / SF$334.61
Days on Market189
Property Features for 560 River Street
General Information
Standard status
Active
Size
4,184 SF
Lot size
0.50 Acres
Property subtype
Commercial
Zoning
CH
Additional Details
Traffic Count
17,247 vehicles/day
Building Details
Year Built
1960
Listing Agency:
Keller Williams Realty
Listed By:
Faulkner Commercial Group
(617) 396-3100
Source:
Longwoodresidential
Added: Mar 3
Changed: Sep 8
Last Checked: Sep 8 at 7:36AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This property features a 4,184 SF building on a half-acre corner lot, with an existing automotive use. The site is suitable for a variety of commercial applications under CH zoning, which allows for retail, office, and general commercial uses.
Located at 560 River St in Haverhill, the corner positioning supports flexible storefront and street-facing exposure for permitted uses. The property also includes ADT of 17,247.
Interested parties should confirm specific permitted uses and any development requirements with the City of Haverhill prior to purchase.
Located at 560 River St in Haverhill, the corner positioning supports flexible storefront and street-facing exposure for permitted uses. The property also includes ADT of 17,247.
Interested parties should confirm specific permitted uses and any development requirements with the City of Haverhill prior to purchase.
Key Highlights
- 1/2‑acre corner lot with a 4,184 SF building
- Existing automotive use
- CH zoning allows a wide variety of retail, office, and general commercial uses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$68,745
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,374,900
$1.4M
Cap Rate 7%
$982,071
$982.1K
Cap Rate 9%
$763,833
$763.8K
Market Conditions
NOI Build-Up for 4,184 SF
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.
Gross rent
$100.4K $24.00/SF
− Vacancy
−$2.2K −$0.53/SF
EGI
$98.2K $23.47/SF
− OpEx
−$29.5K −$7.04/SF
NOI
$68.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,374,900
Cap Rate 7%
$982,071
Cap Rate 9%
$763,833
Alternative Uses
Best Use
Retail
$982.1K
$859.3K – $1.15M
NOI $68,745 @ 7.0% cap · market cap 4.91%
Second Best
Industrial
$635.8K
$556.3K – $741.8K
NOI $44,505 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,384 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17,247 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
8k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
8,305 visits/mo
0.2 miles
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
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- BJ's Wholesale Club — 25 Shelley Rd, Haverhill, MA 01835
- Automotive Research And Certification — 34 Rogers Rd, Haverhill, MA 01835
- Used Transmission and Engine Depot — 11 Rogers Rd, Haverhill, MA 01835
- CB Restorations, Inc. — 75 Avco Rd A, Bradford, MA 01835
- Jaffarian Toyota Service — 600 River St, Haverhill, MA 01832
Frequently Asked Questions
What type of property is this?
Auto shop - Corner lot with an existing automotive-use building, offering CH zoning for a range of retail and commercial options.
Where is this auto shop located?
The property is located at 560 River Street Haverhill, MA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 1/2‑acre corner lot with a 4,184 SF building; Existing automotive use; CH zoning allows a wide variety of retail, office, and general commercial uses
