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    Property profile & analytics
    OFF-MARKET Estimated value $9,475,000
    Industrial properties

    388 Newburyport Tpke, Rowley, MA 01969-1755

    78,740 SF 14.54 ac lot Built 2000
    Entity Owned 18-yr Hold ~ Est. High Equity
    Property ID
    US38-1579542
    Property summary
    AI-generated overview

    This exceptional 79,398-square-foot single-tenant warehouse, constructed in 2000, presents a significant opportunity in Essex County. The property boasts 65,000 square feet of readily available space, perfect for immediate occupancy. The building features a single story with impressive 25-foot ceiling heights, providing ample vertical storage capacity. Logistics are streamlined with four loading docks and one drive-in door, ensuring efficient goods movement. On-site parking is abundant, with 60 spaces available for employees and visitors. The warehouse space comprises 60,000 square feet, complemented by a 5,000-square-foot office area, suitable for administrative functions or management. The property benefits from a robust high-speed telecommunications and cable infrastructure throughout, supporting modern business operations. This well-maintained warehouse is ready for immediate use and offers a strategic location in Essex County, providing easy access to major transportation routes. The property's size, features, and location make it an attractive option for businesses seeking a functional and efficient warehouse space.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 2000
    Construction STEEL FRAME
    Total area 78,740 SF
    Lot 14.54 ac (633,362 SF)
    APN ROWL M:0018 B:0002 L:0000
    UPID US38-1579542
    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
    • Erlab USA Production Facility
    • FedEx Drop Box Postal Service Courier Service
    • ChargePoint Charging Station Electric Vehicle Charging Station
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $12.89M
    Comparable Approach Comparable
    $9.80M
    Blend (final) Blend
    $9.48M
    Owner & transaction history
    Hhhh Acquisitions LLC · 18 yrs held
    Hhhh Acquisitions LLC
    since 2008
    3 recorded transactions
    2009
    2008
    $4.0M
    1999
    $480,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $15.7M +21.7%
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