Property profile

37 Stevens St 203 Haverhill, MA 01832

FOR LEASE
Warehouses
Property ID
US38-2310694
16,954 SF 0.6 ac lot Built 1900
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 850-square-foot commercial unit, located at 37 Stevens Street, Unit 203, Haverhill, MA, presents a unique opportunity for a variety of businesses. Its convenient location near Lafayette Square makes it easily accessible to customers and employees. The space is currently configured as a flexible area suitable for retail operations, professional offices, or even light warehouse/manufacturing use. The layout offers potential for modification to better suit individual business needs, allowing for customization to optimize workflow and functionality. A significant advantage is the inclusion of a new mini-split system providing efficient heating and air conditioning, ensuring year-round comfort. The property is priced at $1200. Tenants are responsible for all utilities, offering control over operational expenses. This property is an excellent choice for entrepreneurs and established businesses seeking a well-located and adaptable space in a thriving area. The flexible nature of the space makes it a compelling option for a wide range of commercial ventures. Its proximity to Lafayette Square adds to its appeal, offering convenient access and high visibility. The inclusion of a new HVAC system further enhances the property's value and appeal.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1900
Construction FRAME
Total area 16,954 SF
Lot 0.6 ac (26,241 SF)
Zoning code TY
APN HAVE M:0307 B:00002 L:8
UPID US38-2310694

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
  • (Bike/Boat/Book/etc) Store Home Decor Store
  • Daycare Center

Location

37 Stevens St, Unit 203 Haverhill, MA 01832
Haverhill metro Census 260700 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$165k

Owner & transaction history

since 2023
Last sale
$170,000
7 recorded transactions
2023
Price N/A
2020
Price N/A
2012
Price N/A
2011
$170,000
2008
$1
2006
$475,000
2006
Price N/A

Zoning & alternative use

TY · Haverhill, MA

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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