Industrial Building with High
New
For Sale
$3,000,000
58 Concord St, North Reading, MA 01864
A substantial building with room for varied industrial operations and convenient access to major roadways.
Property Size8,088 SF
Lot Size1.42 Acres
Price / SF$370.92
Days on Market3
Property Features for 58 Concord St
General Information
Standard status
Active
Size
8,088 SF
Lot size
1.42 Acres
Property subtype
Industrial
Additional Details
Highway Access
Yes
Clear Height
24 ft
Building Details
Building Size
8,088 SF
Year Built
1968
Listing Agency:
The Stubblebine Company - CORFAC International
Listed By:
James Stubblebine · License #MA #9015511
(617) 592-3388
Source:
Corfac
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:26PM
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 The Stubblebine Company - CORFAC International
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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.
The industrial property contains an 8,088-square-foot building on a 1.42-acre site. Built in 1968, it offers 24-foot ceiling height, providing significant vertical clearance for operations and storage.
The property is 0.9 miles from I-93 and 1 mile from Route 28, connecting the site with regional transportation routes.
The property is 0.9 miles from I-93 and 1 mile from Route 28, connecting the site with regional transportation routes.
Key Highlights
- 8,088‑square‑foot industrial building on 1.42 acres
- 24‑foot ceiling height
- 0.9 miles to I‑93
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,031
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,720,620
$1.7M
Cap Rate 7%
$1,229,014
$1.2M
Cap Rate 9%
$955,900
$955.9K
Market Conditions
NOI Build-Up for 8,088 SF
Gross rent
$130.1K $16.08/SF
− Vacancy
−$7.2K −$0.88/SF
EGI
$122.9K $15.20/SF
− OpEx
−$36.9K −$4.56/SF
NOI
$86.0K $10.64/SF
Area
Middlesex County, MA
Vacancy
5.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,720,620
Cap Rate 7%
$1,229,014
Cap Rate 9%
$955,900
Alternative Uses
Best Use
Industrial
$1.23M
$1.08M – $1.43M
NOI $86,031 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.79M
$4.19M – $5.59M
NOI $335,165 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
24 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
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
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Industrial property - A substantial building with room for varied industrial operations and convenient access to major roadways.
Where is this industrial property located?
The property is located at 58 Concord St North Reading, MA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 8,088‑square‑foot industrial building on 1.42 acres; 24‑foot ceiling height; 0.9 miles to I‑93
