Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    46 Manning Rd Billerica, MA 01821

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    21,470 SF flex space for lease in Billerica.

    Property size:
    11,070 SF
    Lot size:
    2.57 Acres

    Property Features for 46 Manning Rd

    General Information

    Size
    11,070 SF
    Lot size
    2.57 Acres

    We can help!

    Listing Contact
    Nathaniel Heilbron
    Nathaniel Heilbron
    Source: Moodyscre

    Listing Agent: Nathaniel Heilbron

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

    Learn more

    Property Insight Report

    Overview

    Billerica Flex Space Available

    This flex space property, located just off Middlesex Turnpike and Route 3 in Billerica, Massachusetts, offers 21,470 square feet of space over two floors. Flexible leasing scenarios are available. The first floor features a 14-foot clear height. The property includes two tailboard height dock doors and a 4,000 lbs freight elevator. It is equipped with 1,600 Amps of available power at 480V 3 phase 277V. Men's and women's showers are available. A dry room HVAC system is also available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    PolyJoule, Inc. Green Energy Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Billerica
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.267915
    Latitude
    42.5271846

    Nearby Similar for Lease

    • Contact for pricing
      10,800 SF

      Medical Office Space Available

      Highly visible medical/office space with existing exam rooms.
      790 Boston Rd, Billerica, MA 01821
      View Details
    • Contact for pricing

      Prime Retail Space in Billerica

      Exceptional leasing opportunity in a high-visibility Billerica location.
      480 Boston Rd, Billerica, MA 01821
      View Details
    • Contact for pricing

      Sublease Opportunity with Modern Upgrades

      Available for sublease, featuring new roof, facade, and HVAC.
      Billerica, MA 01821
      View Details
    • Contact for pricing
      9,000 SF

      Billerica Warehouse Space for Lease

      9,000 SF industrial/warehouse space with convenient highway access.
      11 Esquire Rd, Billerica, MA 01862
      View Details
    • $14 SF/Yr

      Billerica Center Office/Retail Space

      Elevatored building suitable for business, professional, school & religious uses.
      5 Andover Rd, Billerica, MA 01821
      View Details
    • Contact for pricing
      61,795 SF

      Billerica Executive Office Space

      7,700 SF Flex Space Available Now
      267 Boston Rd, Billerica, MA 01862
      View Details
    • Contact for pricing
      12,000 SF

      Executive Office Suites, Billerica, MA

      Prime Billerica Office Space - Available Now
      574 Boston Rd, Billerica, MA 01821
      View Details
    • $3,200 /Mo

      Renovated Flex Space Available

      Renovated flex space suitable for various business needs.
      71 Faulkner 120, Billerica, MA 01862
      View Details
    • $16 SF/Yr
      4,558 SF

      Flex/Lab Space in Forest Ridge

      Office, flex, and lab space minutes from Route 3.
      85 Rangeway Rd, North Billerica, MA 01862
      View Details
    • Contact for pricing
      121,814 SF

      Treble Cove Plaza Retail Space

      Billerica, MA Shopping Center For Lease
      199 Boston Rd, Billerica, MA 01862
      View Details
    • $1,500 /Mo

      Renovated Flex Space Available

      Renovated flex space suitable for various contractors.
      71 Faulkner 110, Billerica, MA 01862
      View Details
    • Contact for pricing
      33,923 SF

      Boston Road Retail Space For Lease

      New Retail Development, Flexible Space Available
      279 Boston Rd, Billerica, MA 01821
      View Details

    FAQs

    What type of property is this?
    Flex space - 21,470 SF flex space for lease in Billerica.
    Where is this flex space located?
    The property is located at 46 Manning Rd Billerica, MA.
    What are key features of this property?
    This property features: - 21,470 SF of flexible space across two floors.; - Convenient location just off Middlesex Turnpike and Route 3.; - Substantial power supply: **1,600 Amps available at 480V 3 phase 277 v.**
    (617) 758-6000
    Request Owner's contact information
    46 Manning Rd Billerica, MA 01821
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    46 Manning Rd
    Billerica, MA 01821
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    46 Manning Rd Billerica, MA 01821
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Nathaniel Heilbron
    Nathaniel Heilbron
    (617) 758-6000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.