Two-Building Mixed-Use
New
For Sale
$1,500,000
7 Bow St, North Reading, MA 01864
A street-facing office/showroom suite is available alongside warehouse, storage, and occupied tenant space.
Property Size9,184 SF
Price / SF$163.33
Days on Market3
Property Features for 7 Bow St
General Information
Standard status
Active
Size
9,184 SF
Property subtype
Commercial Mixed Use/Flex
Warehouse & Industrial
Clear Height
13.6 ft
Office Build-Out
3,365 SF
Drive-In Doors
5
Additional Details
Outdoor Storage
Yes
Building Details
Building Size
9,184 SF
Buildings
2
Tenancy
Multi
Listed By:
Taylor Saulnier, CCIM
(617) 510-7035
Source:
Masscommercialproperties
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 6:22AM
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 Taylor Saulnier, CCIM
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Investment Insights
Based on property information with market context.
This North Reading property combines two buildings totaling 9,184 SF. The 6,840 SF front building contains approximately 3,365 SF of office and retail area plus 3,475 SF of rear storage and warehouse space. A separate 2,344 SF rear building has five drive-in doors, ceilings ranging from 11 feet to 13 feet 7 inches, and adjoining yard area. A 925 SF office/showroom suite with two private offices and bathrooms is available for occupancy.
Three rear-accessed storage units in the front building measure 1,450 SF, 1,025 SF, and 1,000 SF, each with 7-foot ceilings; two are rented. Existing occupants include businesses in landscaping, excavation, contracting, and painting. Rear-building leases are month to month. On-site tenants in both buildings are tenants at will, except Tai Chi Wellness. Individually deeded condominium units are held under one ownership and offered together.
Three rear-accessed storage units in the front building measure 1,450 SF, 1,025 SF, and 1,000 SF, each with 7-foot ceilings; two are rented. Existing occupants include businesses in landscaping, excavation, contracting, and painting. Rear-building leases are month to month. On-site tenants in both buildings are tenants at will, except Tai Chi Wellness. Individually deeded condominium units are held under one ownership and offered together.
Key Highlights
- Two buildings with 9,184 SF combined; front building is 6,840 SF and rear building is 2,344 SF
- Separate rear warehouse has five drive‑in doors and 11′ to 13′7″ ceilings
- Front building includes approximately 3,365 SF of office/retail area and 3,475 SF of rear storage/warehouse space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,623
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,372,460
$2.4M
Cap Rate 7%
$1,694,614
$1.7M
Cap Rate 9%
$1,318,033
$1.3M
Market Conditions
NOI Build-Up for 9,184 SF
Gross rent
$147.7K $16.08/SF
− Vacancy
−$8.1K −$0.88/SF
EGI
$139.6K $15.20/SF
− OpEx
−$20.9K −$2.28/SF
NOI
$118.6K $12.92/SF
Area
Middlesex County, MA
Vacancy
5.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,372,460
Cap Rate 7%
$1,694,614
Cap Rate 9%
$1,318,033
Alternative Uses
Best Use
Mixed Use
$2.16M
$1.89M – $2.53M
NOI $151,536 @ 7.0% cap · market cap 10.10%
Second Best
Warehouse
$1.69M
$1.48M – $1.98M
NOI $118,623 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$5.44M
$4.76M – $6.34M
NOI $380,583 @ 7.0% cap · market cap 25.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
13 ft
Clear height
5
Drive-in doors
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Explore this area
Business Placement
Demographics for 01864, MA
15,554
Population
5,920
Households
2.6
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
13.2 sq mi
ZIP Area
1,178
Density / Sq Mi
$150,820
Median Household Income
$70,981
Median Earnings
$2,253
Median Rent
$680,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A street-facing office/showroom suite is available alongside warehouse, storage, and occupied tenant space.
Where is this mixed-use property located?
The property is located at 7 Bow St North Reading, MA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Two buildings with 9,184 SF combined; front building is 6,840 SF and rear building is 2,344 SF; Separate rear warehouse has five drive‑in doors and 11′ to 13′7″ ceilings; Front building includes approximately 3,365 SF of office/retail area and 3,475 SF of rear storage/warehouse space
