Second-Floor Office
79 Bridge #E, Beverly, MA 01915
For Sale
New
Contact for pricing
The layout combines an open work area with three separate offices and an exclusive-use bathroom nearby.
Property Size1,290 SF
Price / SF$0.70
Days on Market5
Property Features for 79 Bridge #E
General Information
Standard status
Size
Space & Availability
Floor
Condition
Additional Details
Public Transit
Property Use
Amenities
exclusive use bathroom
Building Details
Year Built
Listing Agency:
Keller Williams Realty Evolution
(978) 927-8700
Listed By:
Justin Repp · License MA #454007462
(978) 273-6680
Source:
Lockandkeyre
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:42PM
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 Evolution
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Investment Insights
Based on property information with market context.
This 1,290-square-foot office unit occupies the second floor of a plaza with retail on the level below. Its plan includes a large open area for conference or bullpen use, along with three private offices. An exclusive-use bathroom is positioned just outside the unit in the common hallway. The building dates to 1983.
Beverly Depot train station is less than a mile away. Downtown Beverly and the Cummings Center are also a short distance beyond the station.
Beverly Depot train station is less than a mile away. Downtown Beverly and the Cummings Center are also a short distance beyond the station.
Key Highlights
- 1,290‑square‑foot office unit
- Three private offices plus an open conference or bullpen area
- Exclusive‑use bathroom just outside the unit in the common hallway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,956
Suggested Prices Based on Cap Rates
Cap Rate 5%
$719,120
$719.1K
Cap Rate 7%
$513,657
$513.7K
Cap Rate 9%
$399,511
$399.5K
Market Conditions
NOI Build-Up for 1,290 SF
Gross rent
$58.8K $45.60/SF
− Vacancy
−$10.9K −$8.44/SF
EGI
$47.9K $37.16/SF
− OpEx
−$12.0K −$9.29/SF
NOI
$36.0K $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%
$719,120
Cap Rate 7%
$513,657
Cap Rate 9%
$399,511
Alternative Uses
Best Use
Office B
$513.7K
$449.5K – $599.3K
NOI $35,956 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$763.7K
$668.2K – $891.0K
NOI $53,457 @ 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
Location Intelligence
Trade Area within ½ mile
908
Businesses Nearby
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Business Placement
Demographics for 01915, MA
42,341
Population
17,318
Households
2.4
Avg Household Size
40
Median Age
51%
College-Educated
97%
High-School Grad
14.2 sq mi
ZIP Area
2,982
Density / Sq Mi
$102,347
Median Household Income
$57,989
Median Earnings
$1,684
Median Rent
$619,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 layout combines an open work area with three separate offices and an exclusive-use bathroom nearby.
Where is this office unit located?
The property is located at 79 Bridge #E Beverly, MA.
What are key features of this property?
This property features: 1,290‑square‑foot office unit; Three private offices plus an open conference or bullpen area; Exclusive‑use bathroom just outside the unit in the common hallway
