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    Property profile & analytics

    5 Perkins Way Newburyport, MA 01950

    • Warehouses
    • 54,900 SF
    • 2.46 lot acres
    For Lease
    View listing
    $13 SF/Yr
    Value Estimation
    $6,620,000
    Last Sale
    Mar 17, 2022
    $6,180,000
    Location Intelligence
    Property ID
    US38-1133913
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 5 Perkins Way

    Year built
    1973
    Construction
    STEEL FRAME
    Lot size
    2.46 lot acres
    Property size
    54,900 SF
    Property type
    Warehouses
    APN
    NEWP M:0078 B:0009 L:0000
    APU
    NEWPM0078B0009L0000

    Description

    This exceptional industrial property at 5 Perkins Way, Newburyport, MA 01950, offers a unique opportunity for businesses seeking flexible and versatile warehouse space. The property boasts a total of 54,900 square feet, with 6,796 square feet currently available for lease. The building is situated on a generous 2.46-acre lot within the Newburyport Industrial Park, providing ample space for loading and maneuvering. The available space is ideal for a variety of uses, thanks to its flex/warehouse configuration. The property features one loading dock for convenient access and boasts 200 AMP, three-phase power, ensuring sufficient energy for most industrial operations. The zoning designation is Newburyport Industrial Park, allowing for a range of permitted uses. Multiple tenancy is available, with units 1, 4, and 9 currently available, ranging in size from approximately 1,000 to 1,300 square feet. This location provides easy access to major transportation routes, making it an attractive option for businesses needing efficient logistics. Don't miss this chance to secure your ideal space in this thriving industrial park. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,915,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,265,000
      6.5%
      $6,200,000
      7%
      $6,320,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,135,000
      Geo Method
      $5,400,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,415,000
      Retail
      $5,455,000
      Mixed-Use
      $6,825,000
      Hospitality
      $5,440,000
      Educational
      $6,865,000
      Residential Income
      $5,910,000
      Energy
      $7,185,000
      Income-Based Land
      $5,680,000
      Food Service
      $6,060,000

    Location Insight

    • Map
    • Local Demand
    City
    Newburyport
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.884
    Latitude
    42.7962
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $26,886
    $491,400
    $2,205,300
    $2,696,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,210,000
      14,400 SF

      6 Mulliken Way

      WAREHOUSE, STORAGE • 14,400 SF
      6 Mulliken Way, Newburyport, MA 01950-4020
      View Details
    • Value Estimation
      $155,000
      10,000 SF

      6 New Pasture Rd

      WAREHOUSE, STORAGE • 10,000 SF
      6 New Pasture Rd, Newburyport, MA 01950-4040
      View Details
    • Value Estimation by Request
      11,520 SF

      8-12 Perry Way

      WAREHOUSE, STORAGE • 11,520 SF
      8-12 Perry Way, Newburyport, MA 01950
      View Details
    • Value Estimation
      $495,000
      21,760 SF

      5 Stanley Tucker Dr

      WAREHOUSE, STORAGE • 21,760 SF
      5 Stanley Tucker Dr, Newburyport, MA 01950-4029
      View Details
    • Value Estimation by Request
      12,645 SF

      17 Malcolm Hoyt Dr

      WAREHOUSE, STORAGE • 12,645 SF
      17 Malcolm Hoyt Dr, Newburyport, MA 01950-4017
      View Details
    • Value Estimation
      $4,945,000
      40,835 SF

      9 Graf Rd

      WAREHOUSE, STORAGE • 40,835 SF
      9 Graf Rd, Newburyport, MA 01950-4014
      View Details

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    Similar Nearby for Lease

    • $14 SF/Yr
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      Newburyport Warehouse and Office Flex

      Warehouse and office flex space near Seaport Business Park.
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      View Details
    • $18 SF/Yr

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      3,042 SF industrial flex unit for lease in Newburyport.
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      View Details
    • $14 SF/Yr

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    • $16 SF/Yr
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      Newburyport Flex Space For Lease

      2,650sf flex space with warehouse and remodeled office.
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    • $18 SF/Yr
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      Industrial Flex Unit in Newburyport

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    • $13 SF/Yr
      54,900 SF

      Prime Newburyport Industrial Space

      Flex/Warehouse Units Available Now
      5 Perkins Way, Newburyport, MA 01950
      View Details
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    Newburyport, MA 01950
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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
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