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Property profile & analytics
OFF-MARKET
Estimated value
$6,575,000
Warehouses
5 Perkins Way Newburyport, MA 01950-4074
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1133913
Property summary
AI-generated overview
This exceptional industrial property at 5 Perkins Way, Newburyport, MA 01950, offers a unique opportunity for businesses seeking flexible and versatile warehouse space. The property boasts a total of 54,900 square feet, with 6,796 square feet currently available for lease. The building is situated on a generous 2.46-acre lot within the Newburyport Industrial Park, providing ample space for loading and maneuvering. The available space is ideal for a variety of uses, thanks to its flex/warehouse configuration. The property features one loading dock for convenient access and boasts 200 AMP, three-phase power, ensuring sufficient energy for most industrial operations. The zoning designation is Newburyport Industrial Park, allowing for a range of permitted uses. Multiple tenancy is available, with units 1, 4, and 9 currently available, ranging in size from approximately 1,000 to 1,300 square feet. This location provides easy access to major transportation routes, making it an attractive option for businesses needing efficient logistics. Don't miss this chance to secure your ideal space in this thriving industrial park. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Construction
STEEL FRAME
Total area
54,900 SF
Lot
2.46 ac (107,158 SF)
APN
NEWP M:0078 B:0009 L:0000
UPID
US38-1133913
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.98M
Blend (final)
Blend
$6.58M
Owner & transaction history
5 Perkins Way LLC · 4 yrs held
5 Perkins Way LLC
since 2022
Last sale
$6.2M
4 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 Newburyport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newburyport 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
$6,915,000
ML approach
$7,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,720,000
Current use
Blend value · Realmo final
$6.58M
Range $5.92M – $7.23M · ±10% · vs last sale $6.18M (Mar 17 2022)
Last sale anchor
$6.18M
Mar 17 2022
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
$26,886
Tax year 2024
Assessed value
$2,696,700
Assessed 2024
Previous assessed
$2,410,500
+11.9% YoY
Effective rate
1.00%
On assessed value
Assessed land
$491,400
Assessed improvement
$2,205,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1973
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
5
Bathrooms
2
Total area
54,900 SF
Lot
2.46 ac (107,158 SF)
APN
NEWP M:0078 B:0009 L:0000
UPID
US38-1133913
Jurisdiction
NEWBURYPORT
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.7M
WAREHOUSE, STORAGE Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
5
Bathrooms
2
Lot
2.46 ac
Current owner
From public records · entity-resolved
5 Perkins Way LLC
Entity
Mailing address
405 BRACKETT RD, RYE, NH 03870-2010
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2023
—
5 Perkins Way LLC
—
Deed
related
$1,000,000 · Eastern Bank
Mar 17, 2022
$6,180,000
5 Perkins Way LLC
5 Perkins Way RT
Quit Claim Arm's Length For Ne States
$4,635,000 · Eastern Bank
Nov 13, 2003
$1,430,000
Perkins Way RT 5
Novick Rlty Corp
Grant Deed
—
Nov 13, 2003
—
Perkins Way RT 5
—
Deed Of Trust
related
$800,000 · Lawrence 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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