Property profile

3 Graf Rd Newburyport, MA 01950

OFF-MARKET
Industrial properties
Property ID
US38-0859697
2,000 SF Built 1988
Individually Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,500-square-foot commercial property, located at 3 Graf Road, Unit 7, Newburyport, MA 01950, offers a unique blend of office and warehouse space ideal for a variety of businesses. Situated in the desirable Commerce Park, this single-tenant space boasts excellent street exposure and signage, ensuring high visibility. The property features a 2,000-square-foot main floor encompassing a reception area, multiple private offices, ample storage, a bathroom, and a kitchenette. A 500-square-foot warehouse area with an overhead door provides additional functionality. A 1,500-square-foot mezzanine level offers versatile flex space, adaptable for storage, additional offices, or other business needs. The property benefits from a recently installed brand-new furnace. Its current use is as an IT/copier service business, demonstrating its suitability for a range of operations. The location offers convenient access to major roadways, including I-95 via Scotland Road or Storey Avenue exits, making commuting and logistics seamless. This property is situated on Henry Graf Jr. Road, a main thoroughfare to the Newburyport Business Park, providing excellent connectivity and visibility within the business community. This is a prime opportunity for a business seeking a well-appointed space combining office and warehouse functionality in a highly accessible and visible location.

Property profile

Verified
Property type Industrial properties
Use group CONDOMINIUMS (INDUSTRIAL)
Year built 1988
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,000 SF
APN NEWP M:0081 B:0006C L:0000
UPID US38-0859697

Cap rate & NOI

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

Location

3 Graf Rd Newburyport, MA 01950-4604
Newburyport metro Census 268200 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$460k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$445k

Owner & transaction history

since 2021
Last sale
$350,000
7 recorded transactions
2021
$350,000
2020
$330,000
2019
$360,000
2018
$327,100
2017
$300,000
2002
Price N/A
1997
Price N/A

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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