Property profile

388 Newburyport Tpke Rowley, MA 01969

OFF-MARKET
Industrial properties
Property ID
US38-1579542
78,740 SF 14.54 ac lot Built 2000
Entity Owned 18-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Production Facility
  • Postal Service Courier Service
  • Electric Vehicle Charging Station

Location

388 Newburyport Tpke Rowley, MA 01969-1755
Rowley metro Census 270100 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2008
3 recorded transactions
2009
Price N/A
2008
$4.0M
1999
$480,000

Zoning & alternative use

Top alternative use upside
Commercial (general) $15.7M +21.7%

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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