Flex Space with
69 Parker St #R, Newburyport, MA 01950
For Sale
New
Contact for pricing
A warehouse-office configuration includes separate dock-height and drive-in loading access.
Property Size4,750 SF
Price / SF$0.00
Days on Market7
Property Features for 69 Parker St #R
General Information
Standard status
Size
Warehouse & Industrial
Clear Height
Warehouse Space
Office Build-Out
Mezzanine
Dock-High Doors
Drive-In Doors
Additional Details
Highway Access
Property Use
Amenities
restroom with shower
Building Details
Year Built
Listing Agency:
Keller Williams Realty
(978) 475-2111
Listed By:
Faulkner Commercial Group
(978) 269-5445
Source:
Lockandkeyre
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 6:42AM
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 4,750-square-foot flex property combines 3,750 square feet of warehouse space with 1,000 square feet of office area. An additional mezzanine spans approximately 4,000 square feet. The warehouse has 18-foot clear height and two separate overhead doors, each measuring 8 feet by 12 feet: one dock-height and one drive-in. A restroom with a shower is also included. The building dates to 1999.
Located on Parker Street in Newburyport, the property offers access to Route 1 and I-95, as well as downtown Newburyport and the MBTA commuter rail station. The Seaport Business Park and Dexter Industrial Green are among the nearby business and industrial destinations.
Located on Parker Street in Newburyport, the property offers access to Route 1 and I-95, as well as downtown Newburyport and the MBTA commuter rail station. The Seaport Business Park and Dexter Industrial Green are among the nearby business and industrial destinations.
Key Highlights
- 3,750 SF of warehouse space and 1,000 SF of office space
- Approximately 4,000 SF of mezzanine area
- 18' clear height in the warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,793
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,015,860
$1.0M
Cap Rate 7%
$725,614
$725.6K
Cap Rate 9%
$564,367
$564.4K
Market Conditions
NOI Build-Up for 4,750 SF
Gross rent
$76.4K $16.08/SF
− Vacancy
−$3.8K −$0.80/SF
EGI
$72.6K $15.28/SF
− OpEx
−$21.8K −$4.58/SF
NOI
$50.8K $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%
$1,015,860
Cap Rate 7%
$725,614
Cap Rate 9%
$564,367
Alternative Uses
Best Use
Flex RnD
$1.18M
$1.04M – $1.38M
NOI $82,873 @ 7.0% cap · market cap 591,950.00%
Second Best
Warehouse
$885.7K
$775.0K – $1.03M
NOI $62,001 @ 7.0% cap · market cap 442,864.29%
Theoretical Best
Office A
$2.81M
$2.46M – $3.28M
NOI $196,839 @ 7.0% cap · market cap 1,405,992.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
18 ft
Clear height
1
Dock-high doors
1
Drive-in doors
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
$792,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 warehouse-office configuration includes separate dock-height and drive-in loading access.
Where is this flex space located?
The property is located at 69 Parker St #R Newburyport, MA.
What are key features of this property?
This property features: 3,750 SF of warehouse space and 1,000 SF of office space; Approximately 4,000 SF of mezzanine area; 18' clear height in the warehouse
