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Property profile & analytics
FOR LEASE
Office buildings
319 Newburyport Tpke, Rowley, MA 01969
Entity Owned
15-yr Hold
Free & Clear
Property ID
US38-1322268
For Lease
1 / 41
$13 SF/Yr
319 Newburyport Tpke, Rowley, MA 01969
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Property summary
AI-generated overview
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
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,834 SF
Lot
3.8 ac (165,528 SF)
APN
ROWL M:0017 B:0020 L:0048
UPID
US38-1322268
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
CBL Precision Machining Industrial Manufacturer
-
beverly hospital Hospital
-
Susan Leader Physician
-
Jessica Fortin Physician
-
Ryan Boyd Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.33M
Blend (final)
Blend
$2.63M
Owner & transaction history
Josur LLC · 15 yrs held
Josur LLC
since 2011
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rowley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rowley submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.63M
Range $2.36M – $2.89M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$120 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$28,496
Tax year 2024
Assessed value
$2,355,000
Assessed 2024
Previous assessed
$2,214,800
+6.3% YoY
Effective rate
1.21%
On assessed value
Assessed land
$597,100
Assessed improvement
$1,757,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
21,834 SF
Lot
3.8 ac (165,528 SF)
APN
ROWL M:0017 B:0020 L:0048
UPID
US38-1322268
Jurisdiction
ROWLEY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
3.8 ac
Current owner
From public records · entity-resolved
Josur LLC
Entity
Free & Clear · 15 yrs held
Mailing address
124 JEWETT ST, GEORGETOWN, MA 01833-1868
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2024
—
Josur LLC
—
Deed
related
$2,500,000 · Institution For Savings Newburyport
Mar 29, 2018
—
Josur LLC
—
Deed
related
$4,200,000 · Inst Svgs Newburyport
Apr 6, 2011
$1
Josur LLC
Prime Rtt
Grant Deed
—
May 16, 2008
$1
Surette,edward T Tr
Nelson,george H 3rd
Grant Deed
—
May 16, 2008
—
Prime RT
—
Deed Of Trust
related
$4,000,000 · N Middlesex Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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