Burlington Office Space for
For Sale
Contact for pricing
281 Cambridge St, Burlington, MA
Second-floor office space with elevator access in a convenient location.
Property Size5,454 SF
Lot Size1.05 Acres
Price / SF$641.73
Days on Market460
Property Features for 281 Cambridge St
General Information
Standard status
Active
Size
5,454 SF
Lot size
1.05 Acres
Property subtype
OFFICE
Properties For Sale
at 281 Cambridge St Contact us- Floor
- 2
- Size
- 5,454 SF
- Type
- OFFICE
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
281 Cambridge St
- 2 nd Floor, elevator
- 8 Offices, conference, open bullpen area
- Reception
- Kitchen...
show more
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Listing Agency:
Carbone Commercial Real Estate
(781) 935-5444
Listed By:
Edward C. Carbone, CCIM · License #9015680
Source:
Moodyscre
Added: May 7, 2025
Changed: Aug 8
Last Checked: Aug 8 at 12:18PM
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 Carbone Commercial Real Estate
Investment Insights
Based on property information with market context.
This second-floor office space, accessible by elevator, features eight offices, a conference room, and an open bullpen area. The layout includes a reception area, a kitchen/break room, and two restrooms. Additional amenities include a server room and three storage closets. Common onsite parking is available with approximately 70 spaces. The property is zoned BG & CBD and is conveniently located along Route 3A. The lease rate is $16.00 per square foot NNN, with 2025 nets estimated at approximately $11.67 per square foot. The property size is 5,454 square feet.
Key Highlights
- Convenient location along Route 3A
- Features 8 offices, conference room, and open bullpen area
- Elevator access on the 2nd floor
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$173,058
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,461,160
$3.5M
Cap Rate 7%
$2,472,257
$2.5M
Cap Rate 9%
$1,922,867
$1.9M
Market Conditions
NOI Build-Up for 5,454 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$295.8K $54.24/SF
− Vacancy
−$65.1K −$11.93/SF
EGI
$230.7K $42.31/SF
− OpEx
−$57.7K −$10.58/SF
NOI
$173.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,461,160
Cap Rate 7%
$2,472,257
Cap Rate 9%
$1,922,867
Alternative Uses
Best Use
Office B
$2.47M
$2.16M – $2.88M
NOI $173,058 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.23M
$2.83M – $3.77M
NOI $226,012 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor office space with elevator access in a convenient location.
Where is this office units located?
The property is located at 281 Cambridge St Burlington, MA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Convenient location along Route 3A; Features 8 offices, conference room, and open bullpen area; Elevator access on the 2nd floor
