Two-Level Flex
67 Village St, Marblehead, MA 01945
For Sale
Contact for pricing
Office space is paired with garage or warehouse capacity and an exterior storage area for vehicles or materials.
Property Size1,944 SF
Price / SF$1.41
Days on Market61
Property Features for 67 Village St
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
The Drumlin Group Inc.
(978) 741-3696
Listed By:
David Hark · License #9010260
(617) 633-6719
Source:
Lockandkeyre
Added: Sep 10
Changed: Nov 8
Last Checked: Nov 8 at 6:10AM
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.
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Investment Insights
Based on property information with market context.
This 1,944-square-foot flex property includes a two-level office building along with a single-car garage or warehouse area. An exterior storage area is also part of the property and can accommodate vehicles or materials. The building was constructed in 1950 and previously served as offices for a plumbing and heating company.
Located at 67 Village St in Marblehead, Massachusetts, the property combines office accommodation with enclosed auxiliary space and outdoor storage. The configuration supports businesses seeking a workplace with room for equipment, materials, or vehicles on the same site. The source information also identifies the space as immediately available.
Located at 67 Village St in Marblehead, Massachusetts, the property combines office accommodation with enclosed auxiliary space and outdoor storage. The configuration supports businesses seeking a workplace with room for equipment, materials, or vehicles on the same site. The source information also identifies the space as immediately available.
Key Highlights
- 1,944 SF two‑level office building
- Single‑car garage or warehouse space
- Exterior storage area for vehicles or materials
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,788
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,760
$415.8K
Cap Rate 7%
$296,971
$297.0K
Cap Rate 9%
$230,978
$231.0K
Market Conditions
NOI Build-Up for 1,944 SF
Gross rent
$31.3K $16.08/SF
− Vacancy
−$1.6K −$0.80/SF
EGI
$29.7K $15.28/SF
− OpEx
−$8.9K −$4.58/SF
NOI
$20.8K $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%
$415,760
Cap Rate 7%
$296,971
Cap Rate 9%
$230,978
Alternative Uses
Best Use
Office B
$774.1K
$677.3K – $903.1K
NOI $54,185 @ 7.0% cap · market cap 1,970.36%
Second Best
Flex RnD
$484.5K
$424.0K – $565.3K
NOI $33,917 @ 7.0% cap · market cap 1,233.35%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,559 @ 7.0% cap · market cap 2,929.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,119
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 01945, MA
20,462
Population
8,899
Households
2.3
Avg Household Size
49
Median Age
77%
College-Educated
99%
High-School Grad
4.4 sq mi
ZIP Area
4,650
Density / Sq Mi
$164,325
Median Household Income
$83,539
Median Earnings
$1,769
Median Rent
$904,700
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Essex County, MA
Properties on Market for Flex space in Essex County
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- EASTERN HARVEST CATERING — 27 Smith St B277, Marblehead, MA 01945
Frequently Asked Questions
What type of property is this?
Flex space - Office space is paired with garage or warehouse capacity and an exterior storage area for vehicles or materials.
Where is this flex space located?
The property is located at 67 Village St Marblehead, MA.
What are key features of this property?
This property features: 1,944 SF two‑level office building; Single‑car garage or warehouse space; Exterior storage area for vehicles or materials
