Office
Unit 1 Boston Road, Billerica, MA 01862
For Sale
Contact for pricing
Unit 1 provides office space under general business zoning.
Property Size295 SF
Price / SF$1.69
Days on Market54
Property Features for Unit 1 Boston Road
General Information
Standard status
Size
Property subtype
Zoning
Lease Type
Building Details
Building Size
Year Built
Listing Agency:
Arakelian Real Estate, Inc.
(978) 667-2301
Listed By:
Allan Arakelian
(978) 375-5123
Source:
Churchillprop
Added: Sep 22
Changed: Nov 6
Last Checked: Nov 12 at 5:44AM
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 Arakelian Real Estate, Inc.
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Investment Insights
Based on property information with market context.
Unit 1 is an office property at Boston Road in Billerica, Massachusetts. The property carries general business zoning and was built in 1970. The available information identifies the asset as an office unit within a commercial property classification.
Key Highlights
- Unit 1 office property
- General business zoning
- Built in 1970
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,360
Suggested Prices Based on Cap Rates
Cap Rate 5%
$187,200
$187.2K
Cap Rate 7%
$133,714
$133.7K
Cap Rate 9%
$104,000
$104.0K
Market Conditions
NOI Build-Up for 295 SF
Gross rent
$16.0K $54.24/SF
− Vacancy
−$3.5K −$11.93/SF
EGI
$12.5K $42.31/SF
− OpEx
−$3.1K −$10.58/SF
NOI
$9.4K $31.73/SF
Area
Middlesex County, MA
Vacancy
22.00%
Lease Rate
$54.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$187,200
Cap Rate 7%
$133,714
Cap Rate 9%
$104,000
Alternative Uses
Best Use
Office B
$133.7K
$117.0K – $156.0K
NOI $9,360 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$174.6K
$152.8K – $203.8K
NOI $12,225 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
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Business Placement
Demographics for 01862, MA
11,430
Population
4,263
Households
2.7
Avg Household Size
40
Median Age
39%
College-Educated
91%
High-School Grad
9.1 sq mi
ZIP Area
1,256
Density / Sq Mi
$131,214
Median Household Income
$67,595
Median Earnings
$1,881
Median Rent
$503,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Middlesex County, MA
Properties on Market for Office Units in Middlesex County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Unit 1 provides office space under general business zoning.
Where is this office unit located?
The property is located at Unit 1 Boston Road Billerica, MA.
What are key features of this property?
This property features: Unit 1 office property; General business zoning; Built in 1970
