Brand New Contractor Bay Flex
For Sale
$575,000
6-1431 Hilldale Ave, Haverhill, MA 01832
New industrial condo bays offer 23-foot ceilings, overhead doors, and mezzanine space for contractor and light industrial operations.
Property Size2,442 SF
Price / SF$235.46
Days on Market93
Property Features for 6-1431 Hilldale Ave
General Information
Standard status
Active
Size
2,442 SF
Total Parking Spaces
5
Warehouse & Industrial
Clear Height
23 ft
Sprinkler System
Yes
Additional Details
Office Units
8
Listing Agency:
Four Points Real Estate, LLC
(617) 306-3926
Listed By:
Chapman Real Estate Group
(617) 306-3926
Source:
Exprealty
Added: Apr 29
Changed: Jul 10
Last Checked: Jul 30 at 4:36PM
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
Investment Insights
Based on property information with market context.
The property is a brand new steel industrial/commercial contractor bay offering a total of eight condo units. Each unit provides 23-foot ceilings and a 14-foot overhead door, along with a large 600-square-foot mezzanine. Units include a first-floor half bath with a slop sink, and the building is served by a gas Modine heating system. The facility is fully sprinklered and has fire alarm systems in place.
Each condo unit includes five deeded outdoor parking spaces. The description also notes the ability to park vehicles inside the bays, which can support work-in-progress storage and day-to-day operations. The property is positioned for convenient access to nearby retail and major routes, with Plaistow shopping approximately one mile away and Route 495 approximately two miles away.
This setup can fit contractors, service providers, and light industrial users who need overhead-door access, meaningful vertical height, and additional mezzanine area within a dedicated unit. Because the units are offered as condo bays, buyers can reserve a specific space for their operating needs, with the property presented as flexible for build-out and customization.
Each condo unit includes five deeded outdoor parking spaces. The description also notes the ability to park vehicles inside the bays, which can support work-in-progress storage and day-to-day operations. The property is positioned for convenient access to nearby retail and major routes, with Plaistow shopping approximately one mile away and Route 495 approximately two miles away.
This setup can fit contractors, service providers, and light industrial users who need overhead-door access, meaningful vertical height, and additional mezzanine area within a dedicated unit. Because the units are offered as condo bays, buyers can reserve a specific space for their operating needs, with the property presented as flexible for build-out and customization.
Key Highlights
- Steel industrial/commercial building with 8 condo units, each offering 2,442 SF
- Unit features include 23 ft ceilings and 14 ft overhead doors
- Each unit includes a 600 SF mezzanine and a first‑floor half bath with slop sink
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.3k | $28.80 |
| − Vacancy | −$4.8k | −$1.96 |
| EGI | $65.5k | $26.84 |
| − OpEx | −$22.9k | −$9.39 |
| NOI | $42.6k | $17.45 |
2,442 SF · lease $28.80/SF/yr · vacancy 6.80% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$608.7K
$532.6K – $710.1K
NOI $42,606 @ 7.0% cap · market cap 7.41%
Second Best
Warehouse
$450.6K
$394.3K – $525.7K
NOI $31,542 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$1.45M
$1.26M – $1.69M
NOI $101,196 @ 7.0% cap · market cap 17.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
23 ft
Clear height
8
Office units
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
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - New industrial condo bays offer 23-foot ceilings, overhead doors, and mezzanine space for contractor and light industrial operations.
Where is this flex space located?
The property is located at 6-1431 Hilldale Ave Haverhill, MA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Steel industrial/commercial building with 8 condo units, each offering 2,442 SF; Unit features include 23 ft ceilings and 14 ft overhead doors; Each unit includes a 600 SF mezzanine and a first‑floor half bath with slop sink
