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    319 Newburyport Tpke, Unit 209-210 Rowley, MA 01969
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    Property profile & analytics

    319 Newburyport Tpke, Unit 209-210 Rowley, MA 01969

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    • Office buildings
    • 21,834 SF
    • 3.80 lot acres
    For Lease
    $2,625,000
    View Listing →
    Industrial Single Tenant Warehouse Space For Lease
    $2,625,000
    1,500 SF

    Industrial Single Tenant Warehouse Space

    Single tenant industrial warehouse space available for lease.

    319 Newburyport Turnpike, Rowley, MA 1969
    View Listing
    Property ID
    US38-1322268
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CBL Precision Machining / Industrial Manufacturer
    • beverly hospital / Hospital
    • Susan Leader / Physician
    • Jessica Fortin / Physician
    • Ryan Boyd / Physician

    Property Details for 319 Newburyport Tpke

    Year built
    2005
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.80 lot acres
    Property size
    21,834 SF
    Property type
    Office buildings
    APN
    ROWL M:0017 B:0020 L:0048
    APU
    ROWLM0017B0020L0048

    Description

    This exceptional 2,600-square-foot office space, located at 319 Newburyport Turnpike, Unit 208, Rowley, MA 01969, presents a versatile opportunity for businesses seeking a prime location. Situated in a three-story building constructed in 2005, this traditional office space offers a flexible layout suitable for various uses, including executive offices, coworking spaces, medical offices, or creative studios. The space boasts a 10-foot ceiling height, creating an airy and spacious atmosphere. Ample parking is available with 60 total spaces. The building is equipped with elevators for convenient access to all floors. The property sits on 3.8 acres of land and is zoned BLI. The space is currently vacant and available for multiple tenants. Power is provided at 110V. Please note that this listing refers to a 2,600 sq ft space within a larger building

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,325,000
      Market price range: $2.36M - $7.73M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rowley
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9058
    Latitude
    42.7148
    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
    $28,496
    $597,100
    $1,757,900
    $2,355,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,475,000
      15,882 SF

      285 Newburyport Tpke

      OFFICE BUILDING • 15,882 SF
      285 Newburyport Tpke, Rowley, MA 01969-2008
      View Details
    • Value Estimation
      $1,890,000
      8,400 SF

      8 Turcotte Memorial Dr

      OFFICE BUILDING • 8,400 SF
      8 Turcotte Memorial Dr, Rowley, MA 01969-1706
      View Details
    • Value Estimation
      $695,000
      6,529 SF

      383 Main St

      OFFICE BUILDING • 6,529 SF
      383 Main St, Rowley, MA 01969-1217
      View Details
    • Value Estimation
      $830,000
      7,360 SF

      57 Summer St

      OFFICE BUILDING • 7,360 SF
      57 Summer St, Rowley, MA 01969-1835
      View Details
    • Value Estimation
      $3,265,000
      8,640 SF

      305 Newburyport Tpke

      OFFICE BUILDING • 8,640 SF
      305 Newburyport Tpke, Rowley, MA 01969-1762
      View Details
    • Value Estimation
      $1,025,000
      4,319 SF

      159 Main St

      OFFICE BUILDING • 4,319 SF
      159 Main St, Rowley, MA 01969-1841
      View Details

    Similar Nearby for Sale

    • $1,785,000

      Scenic Pasture Land For Sale

      21 acres suitable for horse farm or family compound.
      76-78 Daniels Rd, Rowley, MA 01969
      View Details
    • Contact for pricing

      Three Acres of Land

      Three acres of land in a quiet, beautiful area.
      117 Kittery Ave, Rowley, MA 01969
      View Details
    • Contact for pricing

      Land on Wethersfield Street

      Two adjacent lots in Rowley, Massachusetts, for sale.
      304 Wethersfield St, Rowley, MA 01969
      View Details
    • Contact for pricing

      Rowley Land Opportunity

      Three continuous lots totaling 3.07 acres in Rowley, MA.
      460 Newburyport Tpke, Rowley, MA 01969
      View Details
    • $2,300,000
      1.49 Acres

      Rowley Land For Sale

      1.49-acre corner lot with development potential and highway access.
      1 Confidential Way, Rowley, MA 01969
      View Details
    • $1,785,000
      Pending

      Land Available on Daniels Road

      Land for sale on Daniels Road, Rowley, MA.
      76-78 Daniels Rd, Rowley, MA 01969
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      3,700 SF

      Professional Office Suite on Route 1

      3,700 SF office suite in Rowley Business Park.
      319 Newburyport Tpke, Rowley, MA 01969
      View Details
    • Contact for pricing

      Rowley Business Park Office Suite

      Professional office suite for rent in Rowley Business Park.
      319 Newburyport Tpke, Rowley, MA 01969
      View Details
    • Contact for pricing

      Rowley Business Park Office Suite

      Professional office suite in Rowley Business Park on Route 1.
      319 Newburyport Tpke, Rowley, MA 01969
      View Details
    • Contact for pricing

      Industrial Land Build-to-Suit Opportunity

      Customizable industrial space for rent in Rowley, Massachusetts.
      120 Newburyport Tpke, Rowley, MA 01969
      View Details
    • $2,000 /Mo

      Downtown Commercial Space For Rent

      Iconic downtown commercial space with high traffic, available immediately.
      169 Main St, Rowley, MA 01969
      View Details
    • Contact for pricing
      56,377 SF

      Rowley Flex Space Opportunity

      56,377 SF Class A flex space available for rent.
      428 Newburyport Tpke, Rowley, MA 01969
      View Details
    View Listing
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    Rowley, MA 01969
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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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