6 Old Essex Road Unit 6 Ipswich, MA 01938
Clean flex unit with two overhead garage bays and office space for a range of trades and light manufacturing uses.
- Added:
- Jan 11, 2026
- Days on Market:
- 184
- Last Refresh:
- Jun 6 at 3:33 am
Property Features for 6 Old Essex Road Unit 6
General Information
- Standard status
- Active
- Size
- 1,628 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1990
Listing office Keller Williams Realty Evolution
Listing date Jan 11, 2026
Source Thepropernest
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Investment Insights
Based on property information with market context.
The unit is located with convenient access to State Route 133 near the Ipswich/Essex line. This setting supports frequent business trips and service access, and the condominium format provides a defined unit offering within the larger property.
For tenants, buyers, or operators, the combination of overhead-door access, open warehouse/work area, and a dedicated office suits contractors, electricians, mechanical services, light manufacturing, and other trades needing both workspace and administrative space. The unit’s open interior configuration and multiple entry points also make it workable as a personal workshop, warehouse, or art studio, depending on use needs. Additional space is available for acquisition through the purchase of common wall Unit 5, allowing expansion within the condominium arrangement.
Key Highlights
- 1990‑built flex unit in the Ipswich Dairy Condominium Association near State Route 133
- Includes 2 garage bays plus open work/warehouse space and office area
- Modern overhead LED lighting and office space
Local 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 |
