Ground Floor Medical Office
For Sale
Contact for pricing
63-1/2 Jefferson Ave Unit 105, Salem, MA 01970
Ground floor suite offers a private office layout with reception, conference room, kitchenette, two restrooms, and central HVAC.
Property Size2,000 SF
Price / SF$0.01
Days on Market117
Property Features for 63-1/2 Jefferson Ave Unit 105
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Lease Type
NNN
Amenities
signage available
Building Details
Year Built
1999
Listing Agency:
The Drumlin Group Inc.
(978) 741-3696
Listed By:
Mark Shapiro
(617) 921-3020
Source:
Lockandkeyre
Added: Jul 7
Changed: Oct 31
Last Checked: Oct 30 at 4:09PM
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 Drumlin Group Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This ground floor commercial suite is available as a lease and is set up for professional use with a reception area, conference room, kitchenette, and two restrooms. The current interior configuration includes approximately five to six private offices, with central air and heating already in place. The space is described as adaptable to semi-retail, medical, personal care, and service-related uses, and the NNN deal structure applies.
The property is located on a busy commercial corridor between Downtown Salem, Salem Hospital, and Salem State University. Parking is available on an onsite shared/in-common basis, and street parking is also available along Jefferson Ave.
Signage is available on both the pylon and the facade, supporting visibility for qualified uses. The address is 63-1/2 Jefferson Ave Unit 105, Salem, MA 01970.
The property is located on a busy commercial corridor between Downtown Salem, Salem Hospital, and Salem State University. Parking is available on an onsite shared/in-common basis, and street parking is also available along Jefferson Ave.
Signage is available on both the pylon and the facade, supporting visibility for qualified uses. The address is 63-1/2 Jefferson Ave Unit 105, Salem, MA 01970.
Key Highlights
- Ground floor commercial space leased 2,000+/- SF on a busy corridor between Downtown Salem, Salem Hospital, and Salem State University
- Current interior layout includes 5–6 private offices plus a conference room, reception, and kitchenette
- Includes two restrooms and central air and heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,893
Suggested Prices Based on Cap Rates
Cap Rate 5%
$737,860
$737.9K
Cap Rate 7%
$527,043
$527.0K
Cap Rate 9%
$409,922
$409.9K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$67.2K $33.60/SF
− Vacancy
−$5.7K −$2.86/SF
EGI
$61.5K $30.74/SF
− OpEx
−$24.6K −$12.30/SF
NOI
$36.9K $18.45/SF
Area
Essex County, MA
Vacancy
8.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$737,860
Cap Rate 7%
$527,043
Cap Rate 9%
$409,922
Alternative Uses
Best Use
Office B
$796.4K
$696.8K – $929.1K
NOI $55,746 @ 7.0% cap · market cap 265,457.14%
Second Best
Healthcare Medical
$527.0K
$461.2K – $614.9K
NOI $36,893 @ 7.0% cap · market cap 175,680.95%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,879 @ 7.0% cap · market cap 394,661.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,461
Businesses Nearby
Explore this area
Business Placement
Demographics for 01970, MA
44,451
Population
20,920
Households
2.1
Avg Household Size
39
Median Age
50%
College-Educated
92%
High-School Grad
8.2 sq mi
ZIP Area
5,421
Density / Sq Mi
$85,189
Median Household Income
$52,024
Median Earnings
$1,800
Median Rent
$497,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Ground floor suite offers a private office layout with reception, conference room, kitchenette, two restrooms, and central HVAC.
Where is this office unit located?
The property is located at 63-1/2 Jefferson Ave Unit 105 Salem, MA.
What are key features of this property?
This property features: Ground floor commercial space leased 2,000+/- SF on a busy corridor between Downtown Salem, Salem Hospital, and Salem State University; Current interior layout includes 5–6 private offices plus a conference room, reception, and kitchenette; Includes two restrooms and central air and heating
