Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    41 Hillside Ave Amesbury, MA 01913

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-traffic location, new construction

    Lot size:
    11,185 SF

    Property Features for 41 Hillside Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,185 SF
    Total Rate
    33555

    Building Details

    Year Built
    2022

    Spaces For Lease

    at 41 Hillside Ave, Amesbury, MA 01913 Contact us
    Unit A

    $36 /Mo

    Size
    1,000 SF
    Contact us
    Unit B

    $36 /Mo

    Size
    1,000 SF
    Contact us

    We can help!

    Listing Contact
    Janet Faulkner
    Janet Faulkner

    Listing Agency: KW Commercial Faulkner Commercial Group Listing Agent: Janet Faulkner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional new construction retail and creative office space, totaling 11,185 square feet, is ideally situated at the high-traffic intersection of Hillside Ave (Route 150) and Haverhill Rd (Route 110) in Amesbury, Massachusetts. The property, located at 41 Hillside Ave (APN 76/60), sits on a 0.56-acre lot and is zoned C. Completed in 2022, this mixed-use building offers two suites, each divisible to a minimum of 1,000 square feet, with a maximum contiguous space of 2,000 square feet. Currently, 2,000 square feet are vacant. Benefitting from its prime location near the Maples Crossing complex and The Heights Amesbury apartments, this property enjoys exceptional visibility and accessibility. Ample on-site parking is available. Leasing options include two 1,000 square foot spaces at $3,000 per month each, or both spaces totaling approximately 2,000 square feet for $5,800 per month. These are NNN leases with a five-year minimum term. Tenant improvement allowances are negotiable. The property is in the Amesbury-Ipswich submarket of Essex County and has excellent access to major roadways. All information is from the property owner and public records
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Amesbury
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.937231660213
    Latitude
    42.845003722663

    Nearby Similar for Lease

    • $650 /Mo
      150 SF

      Amesbury Office Space For Lease

      Budget-friendly office space in a prime location in Amesbury.
      5 Market Sq, Amesbury, MA 01913
      View Details
    • $1.00 SF/Yr
      2,000 SF

      New Retail/Office Space Available

      New retail or office space under construction in Amesbury, MA.
      41 2Nd St, Amesbury, MA 01913
      View Details
    • Contact for pricing
      85,410 SF

      Industrial Warehouse Space Available

      40,000 SF industrial warehouse space for lease near I-495.
      Amesbury, MA 01913
      View Details
    • Contact for pricing

      Downtown Amesbury Flexible Space

      Flexible space for office, manufacturing, or food-related businesses.
      12 Oakland St, Amesbury, MA 01913
      View Details
    • Contact for pricing

      Downtown Amesbury Office Space Available

      Downtown Amesbury office space for lease with flexible opportunities.
      21 Water St, Amesbury, MA 01913
      View Details
    • Contact for pricing
      3,000 SF

      Medical Office Space Available

      Medical office space for rent in Amesbury Health Center.
      100 Highland St, Amesbury, MA 01913
      View Details
    • Contact for pricing
      1,815 SF

      Amesbury Office Space Available

      Office space available for rent in Amesbury, Massachusetts.
      2 Goddard Ave, Amesbury, MA 01913
      View Details
    • $204 SF/Yr
      2,616 SF

      Amesbury Flex Space - Prime Location

      2,616 SF Flex Space, Great Downtown Amesbury Location
      46 Elm St, Amesbury, MA 01913
      View Details

    FAQs

    What type of property is this?
    Office space - High-traffic location, new construction
    Where is this office space located?
    The property is located at 41 Hillside Ave Amesbury, MA.
    What is the lease rate?
    The lease rate is $36 SF/Yr.
    What are key features of this property?
    This property features: 11,185 SF new construction retail/creative office space in Amesbury, MA.; High-traffic location at Hillside Ave & Haverhill Rd (Routes 150 & 110).; Excellent visibility and demographics, near new commercial and residential developments.
    (978) 828-8944 Call to check price and availability
    Request Owner's contact information
    41 Hillside Ave Amesbury, MA 01913
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    41 Hillside Ave
    Amesbury, MA 01913
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    41 Hillside Ave Amesbury, MA 01913
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Janet Faulkner
    Janet Faulkner
    Real Estate License ID: 9516868
    (978) 828-8944 (727) 772-0772 (978) 475-2111
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!