Industrial Flex Unit with
65 Parker St #9, Newburyport, MA 01950
For Sale
Contact for pricing
A front office, production office, kitchenette, and separate work area support administrative and operational functions.
Property Size3,042 SF
Price / SF$0.01
Days on Market50
Property Features for 65 Parker St #9
General Information
Standard status
Size
Additional Details
Highway Access
Building Details
Year Built
Listing Agency:
Keller Williams Realty
(978) 475-2111
Listed By:
Faulkner Commercial Group
(978) 269-5445
Source:
Lockandkeyre
Added: Sep 24
Changed: Nov 12
Last Checked: Nov 12 at 7:27AM
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
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Investment Insights
Based on property information with market context.
This industrial flex unit combines warehouse and production space with a front office, a production office, a separate work area, and a mezzanine. Building features include 18-foot clear height, 400-amp, three-phase power, epoxy flooring, a loading dock with an overhead door, and two restrooms. The front office also includes a foyer, two private offices, and a kitchenette.
The property is 2 miles from I-95 and I-495, one-quarter mile from Route 1, and adjacent to the MBTA Commuter Rail. Downtown Newburyport and nearby industrial parks are within walking distance. The lease is structured as NNN.
The property is 2 miles from I-95 and I-495, one-quarter mile from Route 1, and adjacent to the MBTA Commuter Rail. Downtown Newburyport and nearby industrial parks are within walking distance. The lease is structured as NNN.
Key Highlights
- 400‑amp, three‑phase power
- 18‑foot clear height
- Loading dock with overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,529
Suggested Prices Based on Cap Rates
Cap Rate 5%
$650,580
$650.6K
Cap Rate 7%
$464,700
$464.7K
Cap Rate 9%
$361,433
$361.4K
Market Conditions
NOI Build-Up for 3,042 SF
Gross rent
$48.9K $16.08/SF
− Vacancy
−$2.4K −$0.80/SF
EGI
$46.5K $15.28/SF
− OpEx
−$13.9K −$4.58/SF
NOI
$32.5K $10.69/SF
Area
Essex County, MA
Vacancy
5.00%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$650,580
Cap Rate 7%
$464,700
Cap Rate 9%
$361,433
Alternative Uses
Best Use
Flex RnD
$758.2K
$663.4K – $884.6K
NOI $53,074 @ 7.0% cap
Second Best
Warehouse
$567.2K
$496.3K – $661.8K
NOI $39,707 @ 7.0% cap
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,060 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01950, MA
18,289
Population
8,298
Households
2.2
Avg Household Size
50
Median Age
66%
College-Educated
98%
High-School Grad
8.4 sq mi
ZIP Area
2,177
Density / Sq Mi
$144,259
Median Household Income
$85,573
Median Earnings
$1,511
Median Rent
$792,400
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Essex County, MA
Properties on Market for Flex space in Essex County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - A front office, production office, kitchenette, and separate work area support administrative and operational functions.
Where is this flex space located?
The property is located at 65 Parker St #9 Newburyport, MA.
What are key features of this property?
This property features: 400‑amp, three‑phase power; 18‑foot clear height; Loading dock with overhead door
