Freestanding Brick Flex
For Sale
Contact for pricing
81-83 Holly Street, Lawrence, MA 01841
Freestanding brick building with substantial open space suited for office, light manufacturing, medical, or storage uses.
Property Size19,250 SF
Price / SF$0.00
Days on Market111
Property Features for 81-83 Holly Street
General Information
Standard status
Active
Size
19,250 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
1890
Listing Agency:
Empire Real EstateTM
(978) 662-1981
Listed By:
George Silva · License #9506309
(978) 965-3554
Source:
Lockandkeyre
Added: Jul 11
Changed: Oct 29
Last Checked: Oct 28 at 7:48AM
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 Empire Real EstateTM
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding brick structure offers substantial open space that can be adapted for a range of commercial uses, including office space, manufacturing, medical, shared workspace, or storage facilities.
The property is located in close proximity to major highways and the Central Business District, and it is on a bus line for public transit access.
With its flexible interior layout and standalone configuration, the building is well positioned for tenants or owners seeking a versatile setup for multiple operating models.
The property is located in close proximity to major highways and the Central Business District, and it is on a bus line for public transit access.
With its flexible interior layout and standalone configuration, the building is well positioned for tenants or owners seeking a versatile setup for multiple operating models.
Key Highlights
- Freestanding brick building built in 1890
- Substantial open space suitable for office, light manufacturing, medical, shared space, or storage uses
- Located close to major highways and the Central Business District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$204,761
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,095,220
$4.1M
Cap Rate 7%
$2,925,157
$2.9M
Cap Rate 9%
$2,275,122
$2.3M
Market Conditions
NOI Build-Up for 19,250 SF
Gross rent
$309.5K $16.08/SF
− Vacancy
−$17.0K −$0.88/SF
EGI
$292.5K $15.20/SF
− OpEx
−$87.8K −$4.56/SF
NOI
$204.8K $10.64/SF
Area
Essex County, MA
Vacancy
5.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,095,220
Cap Rate 7%
$2,925,157
Cap Rate 9%
$2,275,122
Alternative Uses
Best Use
Office B
$7.67M
$6.71M – $8.94M
NOI $536,555 @ 7.0% cap · market cap 2,980,861.11%
Second Best
Flex RnD
$4.80M
$4.20M – $5.60M
NOI $335,856 @ 7.0% cap · market cap 1,865,866.67%
Theoretical Best
Office A
$11.40M
$9.97M – $13.30M
NOI $797,715 @ 7.0% cap · market cap 4,431,750.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,529
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01841, MA
53,654
Population
17,546
Households
3.1
Avg Household Size
33
Median Age
15%
College-Educated
70%
High-School Grad
3.0 sq mi
ZIP Area
17,885
Density / Sq Mi
$54,525
Median Household Income
$34,741
Median Earnings
$1,565
Median Rent
$393,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Amada's Kitchen Catering — 690 Haverhill St, Lawrence, MA 01841
- Domempanadas — 76 Bellevue St, Lawrence, MA 01841
- Fine Spice Artisan Catering — 420 Common St, Lawrence, MA 01841
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding brick building with substantial open space suited for office, light manufacturing, medical, or storage uses.
Where is this flex space located?
The property is located at 81-83 Holly Street Lawrence, MA.
What are key features of this property?
This property features: Freestanding brick building built in 1890; Substantial open space suitable for office, light manufacturing, medical, shared space, or storage uses; Located close to major highways and the Central Business District
