Property profile

15 Great Republic Dr Gloucester, MA 01930

OFF-MARKET
Commercial real estate
Property ID
US38-1800262
5.43 ac lot
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

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 profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 5.43 ac (236,531 SF)
Zoning code BP
APN GLOU M:0263 B:0055 L:0000
UPID US38-1800262

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office

Location

15 Great Republic Dr Gloucester, MA 01930-2343
Gloucester metro Census 221300 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$355k

Owner & transaction history

since 2015
2 recorded transactions
2015
$1.3M
2002
$95,000

Zoning & alternative use

BP · Gloucester, MA
Zoning description

The Business Park district is located off Blackburn Circle, and accommodates offices, warehousing, limited service uses and light industrial uses in a business-park setting.

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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