Add Listing
    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

    700 Technology Park Dr Billerica, MA 01821

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Multi-tenant office/industrial space in Billerica's Technology Park.

    Property size:
    1,700 SF
    Lot size:
    3.05 Acres

    Property Features for 700 Technology Park Dr

    General Information

    Size
    1,700 SF
    Lot size
    3.05 Acres

    We can help!

    Listing Contact
    Thomas Aitken
    Thomas Aitken
    Source: Moodyscre

    Listing Agency: Avison Young | Boston Listing Agent: Thomas Aitken

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

    Learn more

    Property Insight Report

    Overview

    Technology Park Office/Industrial Space

    700 and 900 Technology Park Drive are multi-tenant office properties located within the Technology Park master-planned development in Billerica, Massachusetts. The two-story buildings contain 42,718 and 44,204 square feet, respectively. The properties are suited for lab, light manufacturing, research and development, and general office use. Available space is 1,700 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    KCP Advisory Group ... Financial Advisor Allied Universal® Security ... Security Service MRCC IT Solutions Employment Agency Teledyne Dalsa Electronics & Wireless Store BEANTOWN BIOTECH Corporate Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Billerica
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2819514
    Latitude
    42.5311608

    Nearby Similar for Lease

    • 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
    • $725 /Mo

      Professional Office Condo For Rent

      Office condo in a great complex, suitable for professional use.
      330 Boston Rd, Billerica, MA 01862
      View Details
    • Contact for pricing

      Medical Office Space in Billerica

      Highly visible medical/office space with existing buildout and easy highway access.
      790 Boston Rd, Billerica, MA 01821
      View Details
    • Contact for pricing

      High-Bay Flex Conversion Space

      60,400 SF flex/industrial space adjacent to Route 3.
      1 Federal St, Billerica, MA 01821
      View Details
    • Contact for pricing

      High-Bay Flex Conversion Space

      160,000 SF flex/industrial space adjacent to Route 3.
      2 Federal St, Billerica, MA 01821
      View Details
    • 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
    • $800 /Mo
      1,500 SF

      Billerica Landscape Yard Space

      Open gravel landscape yard space available for rent.
      1 Everett Farmer Rd, Billerica, MA 01821
      View Details
    • Contact for pricing
      40,000 SF

      Billerica Office Space for Rent

      Centrally located office space in Billerica, Massachusetts available for lease.
      8 Federal St, 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
      10,411 SF

      Flex/R&D/Office Space Available

      450,000 SF flex/R&D/office space for growing companies.
      101 Billerica Ave, North Billerica, MA 01862
      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
    • Contact for pricing
      20,000 SF

      Industrial Space Near Major Routes

      20,000 SF industrial space with convenient highway access.
      45 Dunham Rd, Billerica, MA 01821
      View Details

    FAQs

    What type of property is this?
    Office building - Multi-tenant office/industrial space in Billerica's Technology Park.
    Where is this office building located?
    The property is located at 700 Technology Park Dr Billerica, MA.
    What are key features of this property?
    This property features: - Suited for lab, light manufacturing, research and development, and general office use.; - Located within the well-established Technology Park master-planned development.; - Two-story multi-tenant office properties.
    (617) 462-2789 Call to check price and availability
    Request Owner's contact information
    700 Technology Park Dr 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.
    700 Technology Park Dr
    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
    700 Technology Park Dr 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Thomas Aitken
    Thomas Aitken
    (617) 462-2789 (617) 250-7600 (617) 758-8475
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!