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    • Brokers

    James Stubblebine, Leominster, MA

    License ID: 050954
    Stubblebine Company
    Years of Experience
    21
    Association
    Realtors Commercial Alliance Of Massachusetts Inc

    Contact details

    Phone:
    (617) 592-3388
    Office Address:
    One Cranberry Hill, Lexington, MA, 2421

    Performance

    Listings
    26
    Total transactions
    8
    Total transactions amount
    $9M
    Price range
    $750k - 1.7M
    Average price
    $1.1M

    Listings

    For Sale (14)

    View map
    • Contact for pricing
      20,940 SF

      Industrial Property in Auburn, NH

      20,940 square foot industrial property available for sale.
      28 Commercial Ct, Auburn, NH 03032
      View Details
    • Contact for pricing

      Littleton Industrial Property For Sale

      Industrial property available for sale in Littleton, Massachusetts.
      225 Taylor St, Littleton, MA 01460
      View Details
    • Contact for pricing
      38,900 SF

      Industrial Building For Sale/Lease

      38,900 SF free-standing industrial building available for sale or lease.
      13 Sterling Rd, North Billerica, MA 01862
      View Details
    • $1,750,000
      7,489 SF

      Industrial Property in Plaistow, NH

      7,489 SF industrial property available for sale.
      46 Plaistow Rd, Plaistow, NH 03865
      View Details
    • Contact for pricing
      52,700 SF

      52,700 SF Flex Building

      52,700 SF flex building on 6.9 acres for sale.
      Methuen, MA 01844
      View Details
    • Contact for pricing
      104,300 SF

      Flex/Industrial Space on 33 Acres

      104,300 SF flex/industrial space with highway visibility.
      Westminster, MA 01473
      View Details
    • Contact for pricing
      19,377 SF

      Industrial Space in South Shore

      High-quality industrial space with loading docks and convenient location.
      Hanover, MA 02339
      View Details
    • Contact for pricing
      56 SF

      56 Acres for GMP Manufacturing

      56 acres for GMP manufacturing or warehouse distribution.
      Littleton, MA 01460
      View Details
    • Contact for pricing
      35,000 SF

      Industrial Property in Kingston, NH

      35,000 sqft industrial property for sale in Kingston, NH.
      Kingston, NH 03848
      View Details
    • $2,800,000

      Commercial Land For Sale

      Commercial land available for sale.
      106 Access Rd, Norwood, MA 02062
      View Details
    • Contact for pricing

      Commercial Land For Sale

      Commercial land available for sale.
      31 Independence Dr, Devens, MA 01434
      View Details
    • Contact for pricing

      Pleasant Street Specialty Property

      Specialty property available for sale on Pleasant Street.
      334 Pleasant St, Belmont, MA 02478
      View Details
    • $6,950,000

      Plymouth Specialty Property For Sale

      Specialty property available in Plymouth, Massachusetts.
      30 Golf Dr, Plymouth, MA 02360
      View Details
    • Contact for pricing

      Commercial Land For Sale

      Commercial land available for sale.
      40 Brick Kiln Rd, Chelmsford, MA 01824
      View Details

    For Lease (12)

    View map
    • Contact for pricing
      40,000 SF

      Industrial Warehouse Space Available

      40,000 square foot industrial warehouse space for lease.
      347 Middlesex Rd, Tyngsboro, MA 01879
      View Details
    • Contact for pricing
      16,500 SF

      Lawrence Retail Space Available

      16,500 SF retail space for rent in Lawrence.
      660 S Union St, Lawrence, MA 01843
      View Details
    • Contact for pricing
      20,736 SF

      Fitchburg Warehouse Space Available

      20,736 SF warehouse space for rent in Fitchburg.
      83 Authority Dr, Fitchburg, MA 01420
      View Details
    • $9 SF/Yr
      63,161 SF

      Newington Warehouse Space Available

      63,161 SF warehouse space for lease in Newington, NH.
      25 Nimble Hill Rd, Newington, NH 03801
      View Details
    • Contact for pricing
      61,972 SF

      Industrial Warehouse in Farmington, NH

      62,000 SF industrial warehouse on 10 acres for lease.
      Farmington, NH 03835
      View Details
    • Contact for pricing
      456,393 SF

      Industrial Space Near Major Highways

      47,000 SF industrial space available for lease.
      Clinton, MA 01510
      View Details
    • Contact for pricing
      40,280 SF

      Industrial Truck Terminal & Repair

      40,000 SF industrial truck terminal and repair garage for lease.
      North Reading, MA 01864
      View Details
    • Contact for pricing
      40,000 SF

      Woburn Industrial Building For Lease

      40,000 SF industrial building with 3.89 paved acres.
      Woburn, MA 01801
      View Details
    • Contact for pricing
      35,684 SF

      Office Building For Lease

      35,684 SF office building available for lease in Nashua.
      Nashua, NH 03063
      View Details
    • $1.00 SF/Yr

      Specialty Property For Rent

      Specialty property available for rent in Merrimack, New Hampshire.
      7 Crows Nest Cir, Merrimack, NH 03054
      View Details
    • $1.00 SF/Yr

      Commercial Land For Rent

      Commercial land available for rent.
      111 Adams St, Clinton, MA 01510
      View Details
    • $1.00 SF/Yr

      Specialty Property for Rent

      Specialty property available for rent. Call listing agent.
      7-7A Stuart Rd, Chelmsford, MA 01824
      View Details

    Leases and Sales on Map

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    • For Lease

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    James Stubblebine, Leominster, MA
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    James Stubblebine, Leominster, MA
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