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    15 Great Republic Dr Gloucester, MA 01930

    Sponsored
    For Lease
    $12 SF/Yr ($10,200 /Mo)

    Versatile Flex Space, 2,420-10,200 SF

    Lot size:
    10,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional industrial property, located at 15 Great Republic Dr. in Gloucester, MA, offers a diverse range of flexible spaces ideal for manufacturing, warehousing, distribution, or R&D. The property comprises two buildings totaling 10,200 square feet, with a minimum divisible space of 2,420 square feet and a maximum contiguous space of 10,200 square feet. Currently, 2,420 square feet are available for lease. The property sits on a five-acre lot and features a Class B building constructed in 2004. The building boasts a 21.5-foot ceiling height, providing ample vertical space. The available suite includes one 10x10 drive-in door, 200 AMP 3-phase power, and a floor with drainage. The property offers convenient access to Route 128 via Route 128 and Dory Rd. With 32 total parking spaces and a zoning classification of I-2 in Essex County, this property presents a compelling opportunity. The property taxes are $1.55 per square foot. The building has four total suites across two stories.

    Property Features for 15 Great Republic Dr

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,200 SF
    Class
    B
    Total Rate
    10200

    Building Details

    Year Built
    2004
    Buildings
    2
    Stories
    2

    Unit(s) available at that property

    Space
    Unit 3
    Size
    2,420 SF
    Rate per SF
    $12

    HighLights

    • Excellent Route 128 location in Blackburn Industrial Park.
    • Versatile floor plan suitable for manufacturing, storage, distribution, or R&D.
    • Features 600 SF of office space and 1,820 SF of warehouse space with 21'6" clear height.
    • Includes a 10'x10' drive‑in door and 200‑amp, 3‑phase power.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rare Earth Products ... Biotechnology Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gloucester
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.6504677
    Latitude
    42.6266432

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    FAQs

    What type of property is this?
    Life science property - Versatile Flex Space, 2,420-10,200 SF
    Where is this life science property located?
    The property is located at 15 Great Republic Dr Gloucester, MA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Excellent Route 128 location in Blackburn Industrial Park.; Versatile floor plan suitable for manufacturing, storage, distribution, or R&D.; Features 600 SF of office space and 1,820 SF of warehouse space with 21'6" clear height.
    Request Owner's contact information
    15 Great Republic Dr Gloucester, MA 01930
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    Realmo Value Estimation

    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.

    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.

    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
    15 Great Republic Dr Gloucester, MA 01930
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