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

    15 Blue Sky Dr Burlington, MA 01803

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

    Office and advanced R&D space for rent in Burlington, MA.

    We can help!

    Listing Contact
    Matthew Malatesta
    Source: Nmrk

    Listing Agent: Matthew Malatesta

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

    Learn more

    Overview

    Office and R&D Space Available

    Available for rent is up to 38,548 square feet of office and advanced research and development space, with customizable expansion options. The property is situated within a 1.3 million square foot corporate office and laboratory campus, located on 158 acres.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2027
    Latitude
    42.5021

    Nearby Similar for Lease

    • Contact for pricing
      5,785 SF

      Charming Village-Style Retail Space

      Open-air shopping center with high visibility and ample parking.
      6 Wayside Rd, Burlington, MA 01803
      View Details
    • Contact for pricing
      12,300 SF

      Burlington Office Building Near I-95

      Two-story office building in Burlington, Massachusetts, with prime highway access.
      155 Middlesex Tpke, Burlington, MA 01803
      View Details
    • Contact for pricing
      25,675 SF

      Lab-Ready Facility in BioCenter

      Customizable lab space in a leading life science cluster.
      4 Burlington Woods Dr, Burlington, MA 01803
      View Details
    • Contact for pricing
      12,500 SF

      Burlington Flex/Industrial Space Available

      Flex/industrial space for rent in Burlington, Massachusetts.
      31 North Ave, Burlington, MA 01803
      View Details
    • $0.24 SF/Yr
      42,913 SF

      Burlington Office Space Available

      Flexible Offices, Prime Location
      1500 Floors, Burlington, MA 01803
      View Details
    • $5,300 /Mo
      750 SF

      Retail Showroom with Excellent Visibility

      Single-story retail showroom with large display windows and ample parking.
      23 Cambridge St, Burlington, MA 01803
      View Details
    • Contact for pricing
      9,241 SF

      Middlesex Turnpike Retail End-Cap

      Prime Retail Space, High Visibility Location
      240 Middlesex Tpke Ext, Burlington, MA 01803
      View Details
    • $1,700 /Mo

      Prime Burlington Commercial Space Available

      Two-level commercial space in Burlington's busiest intersection for rent.
      175 Cambridge St, Burlington, MA 01803
      View Details
    • Contact for pricing
      22,400 SF

      Burlington Medical Office Space

      Middlesex Turnpike, MA: Suites Available
      54 Middlesex Tpke, Burlington, MA 01803
      View Details
    • Contact for pricing
      4,174 SF

      Burlington Retail Spaces Available

      Prime Burlington location, two retail spaces.
      154 Cambridge St, Burlington, MA 01803
      View Details
    • $31 SF/Yr

      Class A Office Near Retail

      Class A office building with convenient access and amenities.
      20 Burlington Mall Rd, Burlington, MA 01803
      View Details
    • Contact for pricing
      123,852 SF

      Burlington, MA Executive Office Space

      Class A Office Suites, 2,903 - 23,260 SF Available
      70 Blanchard Rd, Burlington, MA 01803
      View Details

    FAQs

    What type of property is this?
    Office space - Office and advanced R&D space for rent in Burlington, MA.
    Where is this office space located?
    The property is located at 15 Blue Sky Dr Burlington, MA.
    What are key features of this property?
    This property features: - Up to 38,548 SF of Office / Advanced R&D Space Available; - Customizable Expansion Options to suit your needs.; - Located within a 1.3MM SF World-Class Corporate Office & Lab Campus
    (617) 863-8578
    Request Owner's contact information
    15 Blue Sky Dr Burlington, MA 01803
    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.
    15 Blue Sky Dr
    Burlington, MA 01803
    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
    15 Blue Sky Dr Burlington, MA 01803
    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
    Matthew Malatesta
    (617) 863-8578
    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.