Office Unit with Private
77 Elm St #203, Amesbury, MA 01913
For Sale
Contact for pricing
The suite combines an open work area with a separate private room and a secondary exit.
Property Size900 SF
Price / SF$0.02
Days on Market52
Property Features for 77 Elm St #203
General Information
Standard status
Size
Class
Building Details
Year Built
Tenancy
Listing Agency:
Keller Williams Realty
(978) 475-2111
Listed By:
Faulkner Commercial Group
(978) 269-5445
Source:
Lockandkeyre
Added: Sep 22
Changed: Nov 12
Last Checked: Nov 12 at 8:01AM
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 900-square-foot Class B office unit at Mill 77 has an open work area, a private office, and access to a secondary egress. The building dates to 1900.
The suite is at 77 Elm St Unit 203 in Amesbury, Massachusetts. Mill 77 includes tenants such as Mill 77 Brewing, Imarc, Jewell Towne Pottery, The Awakened Creative, and ABLE Heart Studio.
The suite is at 77 Elm St Unit 203 in Amesbury, Massachusetts. Mill 77 includes tenants such as Mill 77 Brewing, Imarc, Jewell Towne Pottery, The Awakened Creative, and ABLE Heart Studio.
Key Highlights
- 900 square feet of Class B office space
- Open work area with a separate private office
- Secondary egress access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,086
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,720
$501.7K
Cap Rate 7%
$358,371
$358.4K
Cap Rate 9%
$278,733
$278.7K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$41.0K $45.60/SF
− Vacancy
−$7.6K −$8.44/SF
EGI
$33.4K $37.16/SF
− OpEx
−$8.4K −$9.29/SF
NOI
$25.1K $27.87/SF
Area
Essex County, MA
Vacancy
18.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,720
Cap Rate 7%
$358,371
Cap Rate 9%
$278,733
Alternative Uses
Best Use
Office B
$358.4K
$313.6K – $418.1K
NOI $25,086 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$532.8K
$466.2K – $621.6K
NOI $37,296 @ 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
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
858
Businesses Nearby
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Business Placement
Demographics for 01913, MA
17,366
Population
7,827
Households
2.2
Avg Household Size
44
Median Age
43%
College-Educated
95%
High-School Grad
12.3 sq mi
ZIP Area
1,412
Density / Sq Mi
$100,599
Median Household Income
$60,627
Median Earnings
$1,573
Median Rent
$475,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Essex County, MA
Properties on Market for Office Units in Essex County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The suite combines an open work area with a separate private room and a secondary exit.
Where is this office unit located?
The property is located at 77 Elm St #203 Amesbury, MA.
What are key features of this property?
This property features: 900 square feet of Class B office space; Open work area with a separate private office; Secondary egress access
