Add Listing
    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

    37 Upton Dr Wilmington, MA 01887

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

    Flex/Industrial space for sublease in Wilmington, Massachusetts.

    Building Details

    Year built
    2000

    We can help!

    Listing Contact
    Matt Quinlan
    Matt Quinlan
    Source: Naiglobal

    Listing Agent: Matt Quinlan

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

    Learn more

    Overview

    Wilmington Flex/Industrial Sublease Opportunity

    Available for sublease is a single-story flex/industrial space located at 37 Upton Drive in Wilmington, Massachusetts. The space ranges from approximately 9,000 to 20,000 square feet. The property is situated within Wilmington's Flex/Industrial park, which hosts technology, manufacturing, assembly, and research and development companies. The clear height within the space is between 18 and 19 feet. There are three loading docks available. The sublease term extends through July 2026. The location offers convenient highway access and is within a five-minute drive to amenities such as Starbucks, Dunkin Donuts, Habit Burger, and Target.
    Location Intelligence

    Current Use by Public Records

    XENON Industrial Manufacturer Watson-Marlow Inc. Industrial Manufacturer

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Auto Repair Shop Big Box & Wholesale Store Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1539892
    Latitude
    42.5958373

    Nearby Similar for Lease

    • $5,000 /Mo
      1,300 SF

      Retail and Office Space Available

      Retail and office space for rent in Wilmington, MA.
      520 Main St, Wilmington, MA 01887
      View Details
    • $5,250 /Mo
      2,500 SF

      Renovated Office/Light Manufacturing Space

      First floor, renovated space suitable for office or light manufacturing.
      760 Main St, Wilmington, MA 01887
      View Details
    • Contact for pricing

      Restaurant Ready Commercial Building

      Freestanding 744 SF commercial building, formerly a fast-food restaurant.
      433 Main St, Wilmington, MA 01867
      View Details
    • Contact for pricing
      5,416 SF

      Suburban Office Campus Space Available

      First-class office space in Wilmington, MA, with many amenities.
      187 Ballardvale St, Wilmington, MA 01887
      View Details
    • Contact for pricing
      3,794 SF

      Wilmington Office Space Available

      First-class office space in Wilmington, MA, with modern amenities.
      181 Ballardvale St, Wilmington, MA 01887
      View Details
    • Contact for pricing
      2,180 SF

      Office Space in Wilmington, MA

      2180 square feet of office space available for rent.
      340 Fordham Rd, Wilmington, MA 01887
      View Details
    • Contact for pricing
      19,950 SF

      Wilmington Flex/Industrial Space For Lease

      Flex/industrial space with loading docks and ample parking near I-93.
      50-90 Research Dr, Wilmington, MA 01887
      View Details
    • Contact for pricing
      53,500 SF

      Redeveloped Flex Building Available

      53,500 SF flex building with up to 20,000 SF available.
      3 Lopez Rd, Wilmington, MA 01887
      View Details
    • Contact for pricing

      Retail Space at Signalized Intersection

      Retail opportunity in new development with high traffic count.
      Wilmington, MA 01887
      View Details
    • Contact for pricing
      7,350 SF

      Flex/Industrial/Office Building Opportunity

      Flex/Industrial/Office space available for lease in Wilmington, MA.
      65 Industrial Way, Wilmington, MA 01887
      View Details
    • Contact for pricing
      40,332 SF

      Wilmington Warehouse/Distribution Space Available

      40,332 SF warehouse/distribution space with 2,000 SF office.
      1 Cornell Pl, Wilmington, MA 01887
      View Details
    • Contact for pricing
      45,000 SF

      Wilmington Flex/Industrial Sublease Opportunity

      Flex/industrial space for sublease in Wilmington, Massachusetts.
      37 Upton Dr, Wilmington, MA 01887
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex/Industrial space for sublease in Wilmington, Massachusetts.
    Where is this flex space located?
    The property is located at 37 Upton Dr Wilmington, MA.
    What are key features of this property?
    This property features: - **\u00b19,000 - 20,000 SF of first-floor space available.**; - Located in Wilmington\u2019s Flex/Industrial park.; - Convenient highway access.
    (978) 790-2865
    Request Owner's contact information
    37 Upton Dr Wilmington, MA 01887
    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.
    37 Upton Dr
    Wilmington, MA 01887
    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
    37 Upton Dr Wilmington, MA 01887
    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
    Matt Quinlan
    Matt Quinlan
    (978) 790-2865 (508) 820-2700 (508) 271-9208
    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!