Flex Warehouse Unit with
6-6 Old Essex Rd Ipswich, MA 01938
For Sale
$545,000
Flex unit with two garage bays, open work/warehouse space, and an office with LED lighting and electric overhead doors.
Property Size1,628 SF
Price / SF$334.77
Days on Market196
Property Features for 6-6 Old Essex Rd
General Information
- Standard status
- Active
- Size
- 1,628 SF
Listing Agency:
Keller Williams Realty Evolution
(978) 375-6246
Listed By:
Kevin Street
(978) 375-6246
Source:
Exprealty
Added: Jan 12
Changed: Jul 24
Last Checked: Jul 25 at 5:30PM
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 Evolution
Investment Insights
Based on property information with market context.
Unit 6 is located in the Ipswich Dairy Condominium Association and features two garage bays plus open work/warehouse space with an office area. The office is equipped with modern overhead LED lighting, and the unit is accessed through two newer electric opening overhead doors and one passthrough man door. The unit presents as fresh and clean, with original interior unit plan walls removed except for the office space.
The unit offers convenient access to State Route 133 near the Ipswich/Essex line. Utility services listed include three-phase power and gas available at the building.
Designed to accommodate a variety of uses, Unit 6 can work for trades, contractor and electrician services, mechanical services, light manufacturing, office space, or a personal workshop/warehouse/art studio configuration.
The unit offers convenient access to State Route 133 near the Ipswich/Essex line. Utility services listed include three-phase power and gas available at the building.
Designed to accommodate a variety of uses, Unit 6 can work for trades, contractor and electrician services, mechanical services, light manufacturing, office space, or a personal workshop/warehouse/art studio configuration.
Key Highlights
- Flex unit in the Ipswich Dairy Condominium Association with convenient access to State Route 133 near the Ipswich/Essex line
- Includes 2 garage bays with open work/warehouse space plus an office area
- Office and work area have modern overhead LED lighting
Financial Insights For Office B
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 | $74.2k | $45.60 |
| − Vacancy | −$13.7k | −$8.44 |
| EGI | $60.5k | $37.16 |
| − OpEx | −$15.1k | −$9.29 |
| NOI | $45.4k | $27.87 |
1,628 SF · lease $45.60/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$648.2K
$567.2K – $756.3K
NOI $45,377 @ 7.0% cap · market cap 8.33%
Second Best
Flex RnD
$405.8K
$355.1K – $473.4K
NOI $28,404 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$963.8K
$843.3K – $1.12M
NOI $67,464 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Flex unit with two garage bays, open work/warehouse space, and an office with LED lighting and electric overhead doors.
Where is this flex space located?
The property is located at 6-6 Old Essex Rd Ipswich, MA.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Flex unit in the Ipswich Dairy Condominium Association with convenient access to State Route 133 near the Ipswich/Essex line; Includes 2 garage bays with open work/warehouse space plus an office area; Office and work area have modern overhead LED lighting
