Renovated Flex Building For
Lawrence, MA 01841, Lawrence, MA 01841
4,500 SF flex building renovated in 2019 on half acre.
Type:Industrial
Property size:
4,500 SFLot size:
0.50 AcresPrice / SF:
$216/SF- Added:
- Jan 26, 2026
- Days on Market:
- 112
- Last Refresh:
- Apr 5 at 8:40 pm
Property Features
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Lot size
- 0.50 Acres
- Property subtype
- Industrial
Listing agent Danny Cruz (978) 305-0473
Listing office The Stubblebine Company (978) 305-0473
Listing date Jan 26, 2026
Source Corfac
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 The Stubblebine Company
HighLights
- Newly renovated in 2019, including roof, HVAC, plumbing, electrical, and siding.
- 4,500 SF flex building on half acre.
- Excellent location: just 2 miles from I‑95 and I‑93, and 2.5 miles from I‑495.
- Ample parking space.
- Features 2 grade level doors.
- Environmental study available.
Overview
This 4,500 square foot flex building is available for sale. Situated on a half-acre lot, the property offers ample parking space and includes two grade-level doors. The building was newly renovated in 2019, with updates to the roof, HVAC, plumbing, electrical systems, and siding. It is located approximately 2 miles from I-95 and I-93, and 2.5 miles from I-495. An environmental study is available for review.
Financial Insights
Value Estimation Calculated for Flex RnD
Conservative
$872.4K
NOI $78,512 @ 9.00% cap · cautious / downside scenario
Moderate
$1.12M
NOI $78,512 @ 7.00% cap · market / base-case scenario
Aggressive
$1.57M
NOI $78,512 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Flex RnD
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $129.6k | $28.80 |
| − Vacancy | −$8.8k | −$1.96 |
| EGI | $120.8k | $26.84 |
| − OpEx | −$42.3k | −$9.39 |
| NOI | $78.5k | $17.45 |
4,500 SF · lease $28.80/SF/yr · vacancy 6.80% · expense 35.00%
Alternative Use Scenarios
Best Use
Flex RnD
$1.12M
$981.4K – $1.31M
NOI $78,512 @ 7.0% cap · market cap 8.05%
Second Best
Industrial
$683.8K
$598.3K – $797.8K
NOI $47,866 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$2.66M
$2.33M – $3.11M
NOI $186,479 @ 7.0% cap · market cap 19.13%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Flex space
Similar Places Nearby
- Melaryn's Catering — 1 1/2 Caulkins Ct, Lawrence, MA 01841
- Heav'nly Catering — 262 Essex St, Lawrence, MA 01840
- Fine Spice Artisan Catering — 420 Common St, Lawrence, MA 01841
Map
- City
- Lawrence
- County
- Essex
- State
- Massachusetts
- Longitude
- -71.1756
- Latitude
- 42.6956
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - 4,500 SF flex building renovated in 2019 on half acre.
Where is this flex space located?
The property is located at Lawrence, MA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Newly renovated in 2019, including roof, HVAC, plumbing, electrical, and siding.; 4,500 SF flex building on half acre.; Excellent location: just 2 miles from I‑95 and I‑93, and 2.5 miles from I‑495.
