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    Industrial Spaces with Rail Access Title is generated by Realmo AI

    1 Bligh Street, Ayer, MA 01432

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    Industrial spaces available for lease with rail access.

    Type:IND, SPEC
    Property size:
    11,000 SF
    Lot size:
    7.50 Acres
    Added:
    Nov 18, 2024
    Days on Market:
    551
    Last Refresh:
    Apr 3 at 5:00 am

    Property Features for 1 Bligh Street

    General Information

    Standard status
    Active
    Size
    11,000 SF
    Lot size
    7.50 Acres
    Property subtype
    IND, SPEC

    Building Details

    Year Built
    1965

    Spaces For Lease

    at 1 Bligh Street Contact us

    We can help!

    Listing Contact
    Duncan Chapman

    Listing agent Duncan Chapman License #147900, Massachusetts

    Listing office KW Commercial | Northeast Solutions

    Listing date Nov 18, 2024

    Source Realnex

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial | Northeast Solutions

    HighLights

    • Rail spur access off the CSX railroad.
    • Two industrial spaces available: 11,000 rsf with 14 ft clear height and 1,500 rsf.
    • 7.5 acre secured site suitable for rail transfer, distribution, warehousing, contractor space and/or yard.
    • Recent renovations including new roof, loading dock doors, lighting, bathroom, and regraded outside storage areas.
    • Utilities include Town Sewer & Water, NGrid three phase power, and NG service.
    • Located near Devens Commerce Center and Ayer downtown.

    Overview

    Two industrial zoned spaces, measuring 11,000 and 1,500 square feet, are available for rent. The spaces are suitable for use as a rail transfer facility, distribution center, warehousing, contractor space, or yard. The property is a secured 7.5-acre site located north of the Devens Commerce Center and south of downtown Ayer. Utilities include town sewer and water, National Grid three-phase power, and natural gas service. A rail spur connects to the CSX railroad. Recent renovations include a new roof, two loading dock doors, lighting, a bathroom, and regrading of the outside storage areas. An on-site property coordinator is available. The 11,000-square-foot space features 14-foot clear height, two loading docks, one 12 x 14 foot drive-in door, two doors to the rail spur, a dry sprinkler system, and one bathroom. The rental rate is $12.50 per square foot NNN, with CAM and taxes estimated at $1.85 per square foot. The minimum lease term is three years, with a five-year term preferred. The 1,500-square-foot space offers a 7-foot clear height, ground-level access, a concrete floor, and two drive-in doors. The rental rate is $1,500 per month plus utilities.
    Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ayer
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.5896037
    Latitude
    42.5567439

    Nearby Similar for Lease

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    • $12 SF/Yr
      11,000 SF

      Industrial Space in Ayer Available

      Flex space for assembly, distribution, warehousing, or contractor use.
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    FAQs

    What type of property is this?
    Distribution center - Industrial spaces available for lease with rail access.
    Where is this distribution center located?
    The property is located at 1 Bligh Street Ayer, MA.
    What are key features of this property?
    This property features: Rail spur access off the CSX railroad.; Two industrial spaces available: **11,000 rsf with 14 ft clear height** and 1,500 rsf.; **7.5 acre secured site** suitable for rail transfer, distribution, warehousing, contractor space and/or yard.
    (978) 621-1290
    We can help!
    Listing Contact
    Duncan Chapman
    Real Estate License ID: 147900, Massachusetts
    Learn More
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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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