93 Tenney St, Georgetown, MA 01833

Building Details

Year Built 2026 More

Listing Agency: Keller Williams Realty Evolution Show Phone

Listed By: NECA Group Show Phone

Source: Lockandkeyre

Added: Nov 7 Changed: Nov 10 Last Checked: Nov 10 at 2:34PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

Completed in 2026, this flex property contains four industrial units, each with a 32' x 45' footprint and 1440 sf of space. Every unit includes a 14' x 14' overhead door, a private bathroom and a pedestrian entrance. Structural preparation is in place for a future mezzanine. Two units reach a maximum height of 30', while the other two have a maximum height of 24'.

Each unit has four parking spaces, and the property offers access to Rt 95. The site is zoned IB - Light Industrial.

Key Highlights

• Four flex units, each with 1440 sf
• Each unit has a 32' x 45' footprint and a 14' x 14' door
• Maximum height is 30' in two units and 24' in the other two

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$61,593

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,231,860 $1.2M

Cap Rate 7%

$879,900 $879.9K

Cap Rate 9%

$684,367 $684.4K

What to ask about pricing

Market Conditions

NOI Build-Up for 5,760 SF

Gross rent

$92.6K $16.08/SF

− Vacancy

−$4.6K −$0.80/SF

EGI

$88.0K $15.28/SF

− OpEx

−$26.4K −$4.58/SF

NOI

$61.6K $10.69/SF

Area

Essex County, MA

Vacancy

5.00%

Lease Rate

$16.08 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,231,860

Cap Rate 7%

$879,900

Cap Rate 9%

$684,367

Alternative Uses

Best Use

Flex RnD

$1.44M

$1.26M – $1.67M (±1% cap)

NOI $100,495 @ 7.0% cap

Second Best

Industrial

$879.9K

$769.9K – $1.03M (±1% cap)

NOI $61,593 @ 7.0% cap

Theoretical Best

Office A

$3.41M

$2.98M – $3.98M (±1% cap)

NOI $238,693 @ 7.0% cap

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

Flex space

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Law Firm Storage Facility Kitchen & Bath Showroom Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

310

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 01833, MA

8,410

Population

3,220

Households

2.6

Avg Household Size

44

Median Age

54%

College-Educated

98%

High-School Grad

12.8 sq mi

ZIP Area

657

Density / Sq Mi

$153,565

Median Household Income

$78,497

Median Earnings

$1,973

Median Rent

$614,700

Median Home Value

Market

Average Price Trend$/SF for Flex space in Essex County, MA

$236 Jul

$210 Aug

$166 Sep

$155 Oct

Properties on Market for Flex space in Essex County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Each suite has a private restroom, a separate pedestrian entrance and dedicated parking, with convenient access to Rt 95.

Where is this flex space located?

The property is located at 93 Tenney St Georgetown, MA.

What are key features of this property?

This property features: Four flex units, each with 1440 sf; Each unit has a 32' x 45' footprint and a 14' x 14' door; Maximum height is 30' in two units and 24' in the other two