End-Unit Flex
For Sale
$1,195,000
9-11-18 Newburyport Tpke, Newbury, MA 01951
Three connected units bring warehouse, office, training, and meeting functions together in one property.
Property Size6,750 SF
Price / SF$177.04
Days on Market15
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Property Features for 9-11-18 Newburyport Tpke
General Information
Standard status
Active
Size
6,750 SF
Taxes and HOA fees
Annual Taxes
$10,582
Amenities
two overhead doors
high ceiling warehouse space
training area
offices
conference room
kitchenette
Listing Agency:
Coldwell Banker Realty - Haverhill
(978) 372-8577
Listed By:
Kevin Burke · License #MA 9531126
(978) 587-6008
Source:
Exprealty
Added: Oct 1
Changed: Oct 15
Last Checked: Oct 15 at 2:23AM
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 Coldwell Banker Realty - Haverhill
Investment Insights
Based on property information with market context.
This end-unit flex property combines three units into a 6,750 SF layout, with a 4,500 SF ground-level footprint and a 2,250 SF mezzanine. The ground floor includes high-ceiling warehouse area, two overhead doors, office space, and a renovated training area. Upstairs, the mezzanine contains additional offices, a conference room, and a kitchenette, with a view down to the warehouse floor.
The property is located in Newburyport Industrial Park at 9-11-18 Newburyport Tpke in Newbury, Massachusetts.
The property is located in Newburyport Industrial Park at 9-11-18 Newburyport Tpke in Newbury, Massachusetts.
Key Highlights
- Three combined units totaling 6,750 SF
- Ground‑floor footprint of 4,500 SF plus a 2,250 SF mezzanine
- Two overhead doors serving the warehouse area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,185
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,743,700
$1.7M
Cap Rate 7%
$1,245,500
$1.2M
Cap Rate 9%
$968,722
$968.7K
Market Conditions
NOI Build-Up for 6,750 SF
Gross rent
$108.5K $16.08/SF
− Vacancy
−$6.0K −$0.88/SF
EGI
$102.6K $15.20/SF
− OpEx
−$15.4K −$2.28/SF
NOI
$87.2K $12.92/SF
Area
Essex 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%
$1,743,700
Cap Rate 7%
$1,245,500
Cap Rate 9%
$968,722
Alternative Uses
Best Use
Flex RnD
$1.68M
$1.47M – $1.96M
NOI $117,768 @ 7.0% cap · market cap 9.86%
Second Best
Warehouse
$1.25M
$1.09M – $1.45M
NOI $87,185 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$4.00M
$3.50M – $4.66M
NOI $279,718 @ 7.0% cap · market cap 23.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 01951, MA
3,582
Population
1,731
Households
2.1
Avg Household Size
53
Median Age
61%
College-Educated
100%
High-School Grad
14.3 sq mi
ZIP Area
250
Density / Sq Mi
$175,779
Median Household Income
$85,854
Median Earnings
$1,803
Median Rent
$808,400
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Three connected units bring warehouse, office, training, and meeting functions together in one property.
Where is this flex space located?
The property is located at 9-11-18 Newburyport Tpke Newbury, MA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Three combined units totaling 6,750 SF; Ground‑floor footprint of 4,500 SF plus a 2,250 SF mezzanine; Two overhead doors serving the warehouse area
