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    239 Newburyport Tpke Topsfield, MA 01983
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    239 Newburyport Tpke, Topsfield, MA 01983

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    • Retail properties & Spaces
    • 16,500 SF
    • 2.73 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 239 Newburyport Tpke

    Year built
    1990
    Lot size
    2.73 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Freestanding property

    Description

    This exceptional 16,500-square-foot free-standing retail space is available for lease in Topsfield, MA, starting January 2025. Located on Route 1 (Newburyport Turnpike), this highly visible property boasts a prime location just north of Danvers, near the intersection of MA Route 97, and a short drive from the Topsfield Fairgrounds and Interstate 95. The single-tenant building, constructed in 1990, sits on 2.73 acres and offers ample parking with 89 spaces. The interior features a spacious open showroom area, ideal for retail operations, along with warehouse/storage areas, a convenient loading dock, and two ADA-compliant restrooms. Previous tenant improvements include additional plumbing. The property is zoned BH (further details available upon request). This is a NNN lease

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Topsfield
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9428
    Latitude
    42.6336

    Comparable in this City

    • Value Estimation
      $705,000
      3,696 SF

      443 Boston St

      SHOW ROOM, WAREHOUSE
      443 Boston St, Topsfield, MA 01983-1218
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    • Value Estimation by Request
      5,365 SF

      16 Main St

      FINANCIAL BUILDING
      16 Main St, Topsfield, MA 01983-1831
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    • Value Estimation
      $510,000
      6,889 SF

      17 Main St

      RETAIL STORES (PERSONAL SERVICES)
      17 Main St, Topsfield, MA 01983-1803
      View Details
    • Value Estimation by Request
      1,800 SF

      24 Main St

      RETAIL STORES (PERSONAL SERVICES)
      24 Main St, Topsfield, MA 01983
      View Details
    • Value Estimation by Request
      1,276 SF

      253 Boston St

      RETAIL STORES (PERSONAL SERVICES)
      253 Boston St, Topsfield, MA 01983-2215
      View Details
    • Value Estimation by Request
      1,280 SF

      36 Main St

      RETAIL STORES (PERSONAL SERVICES)
      36 Main St, Topsfield, MA 01983-1841
      View Details

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    Similar Nearby for Lease

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      24,500 SF

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      Former Bank Branch with Drive-Thru

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      Former Bank Branch with Drive-Thru

      Former bank branch with drive-thru in Central Business District.
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      Professional Office Space in Topsfield

      Well-maintained 1,000 sq ft office space for rent.
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      Professional Office Space in Topsfield

      Well-maintained office space with open layout and convenient access.
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    Topsfield, MA 01983
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    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.

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