New Industrial Flex Space
For Sale
Contact for pricing
0 Airport Blvd, Marlborough, MA
New Class A industrial flex space for sale.
Property Size5,040 SF
Lot Size18.90 Acres
Price / SF$279.56
Days on Market1043
Property Features for 0 Airport Blvd
General Information
Standard status
Active
Size
5,040 SF
Lot size
18.90 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Capital Group Properties
(508) 309-8768
Listed By:
Brendan Carroll
Source:
Moodyscre
Added: Oct 13, 2023
Changed: Aug 8
Last Checked: Aug 20 at 12:48PM
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 Capital Group Properties
Investment Insights
Based on property information with market context.
Airport Industrial Park is an 18-acre commercial and light industrial building development. Located in close proximity to Route 20, the development will consist of 20 commercial and light industrial buildings ranging in size from 5,000 to 20,000 square feet. The property offers convenient access to Route 20 and I-495. It features brand new Class A construction with build-to-suit options available. The property size is 5,040 square feet.
Key Highlights
- Brand new Class A construction
- Convenient access to Route 20 & I‑495
- Build to Suite options available
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
$53,610
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
3.80%
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%
$1,072,200
$1.1M
Cap Rate 7%
$765,857
$765.9K
Cap Rate 9%
$595,667
$595.7K
Market Conditions
NOI Build-Up for 5,040 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
$81.0K $16.08/SF
− Vacancy
−$4.5K −$0.88/SF
EGI
$76.6K $15.20/SF
− OpEx
−$23.0K −$4.56/SF
NOI
$53.6K $10.64/SF
Area
Middlesex County, MA
Vacancy
5.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
30.00%
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%
$1,072,200
Cap Rate 7%
$765,857
Cap Rate 9%
$595,667
Alternative Uses
Best Use
Industrial
$765.9K
$670.1K – $893.5K
NOI $53,610 @ 7.0% cap · market cap 3.80%
Second Best
Flex RnD
$357.1K
$312.4K – $416.6K
NOI $24,995 @ 7.0% cap · market cap 1.77%
Theoretical Best
Office A
$2.98M
$2.61M – $3.48M
NOI $208,856 @ 7.0% cap · market cap 14.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,298
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Thairiffic — 128 Main St, Marlborough, MA 01752
Frequently Asked Questions
What type of property is this?
Flex space - New Class A industrial flex space for sale.
Where is this flex space located?
The property is located at 0 Airport Blvd Marlborough, MA.
What is the asking price?
The asking price for this property is $1,409,000.
What are key features of this property?
This property features: Brand new Class A construction; Convenient access to Route 20 & I‑495; Build to Suite options available
