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

    77 Alexander Rd #1 Billerica, MA 1821

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $4,000 /Mo

    Well-maintained industrial condo with furnished office, available 6/1/26.

    Property size:
    1,440 SF
    Added:
    Apr 25, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 25 at 6:34 am

    Property Features for 77 Alexander Rd #1

    General Information

    Standard status
    Active
    Size
    1,440 SF

    Building Details

    Year Built
    1989

    We can help!

    Listing Contact
    Kristin Scarpaci
    Kristin Scarpaci

    Listing agent Kristin Scarpaci License #74264

    Listing office RE/MAX Triumph Realty

    Listing date Apr 25, 2026

    Source Liongatere

    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 RE/MAX Triumph Realty

    Overview

    Industrial Condo For Lease

    This industrial condo unit, suitable for a contractor bay or light industrial use, offers approximately 30' x 48' of space across two levels. The upper level features a spacious, fully furnished office area and a break room. A restroom is located on the first floor. The property includes two gas FHA heating units, central air, and three-phase electrical service. The location provides access to Route 3, Route 3A, Route 129, I-95, and I-93, situated between Billerica and Wilmington. The unit will be available starting 6/1/26.
    Location Intelligence

    Current Use by Public Records

    Hallmark Homes Associates Construction Company Marcello's Designing & Builders Hardware & Home Improvement Unique Indoor Comfort HVAC Service Sheetmetal Systems & Design HVAC Service Solar Slate Solutions Production Facility

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Billerica
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2126292
    Latitude
    42.5553817

    Nearby Similar for Lease

    • $4,000/Mo

      Billerica Industrial Condo For Lease

      Clean, well-maintained industrial condo with furnished office space available 6/1/26.
      77 Alexander Rd, Billerica, MA 01821
      View Details
    • $500/Mo

      Retail Space with High Foot Traffic

      Retail space available for sublease with utilities included.
      Unit 2 Boston Road, Billerica, MA 01862
      View Details
    • Contact for pricing

      Billerica Office Space For Rent

      Centrally located office space with convenient highway access.
      8 Federal St, Billerica, MA 01821
      View Details
    • Contact for pricing

      Office and R&D Ready Building

      90,000 SF building suitable for R&D and office use.
      3 Federal St, Billerica, MA, 01821, Billerica, MA 01821
      View Details
    • Contact for pricing

      Medical Office Space in Billerica

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

      Prime Retail Space in Billerica

      Exceptional leasing opportunity in a high-visibility Billerica location.
      480 Boston Road, Billerica, MA 01821
      View Details
    • Contact for pricing

      Industrial Facility in Established Park

      61,200 SF industrial facility in Billerica, MA for lease.
      45 Dunham Rd, Billerica, MA 01821
      View Details
    • $800/Mo

      Billerica Landscape Yard Space

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

      Medical Office Space Available

      Highly visible medical/office space with existing exam rooms.
      790 Boston Rd, Billerica, MA 01821
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, ranging from 1,500 to 3,000 square feet.
      796 Boston Rd, Billerica, MA 01821
      View Details
    • Contact for pricing

      Office Space for Lease

      Office space available for rent at Technology Park Drive.
      600 Technology Park Drive, 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 Street, Billerica, MA 01821
      View Details

    FAQs

    What type of property is this?
    Flex space - Well-maintained industrial condo with furnished office, available 6/1/26.
    Where is this flex space located?
    The property is located at 77 Alexander Rd #1 Billerica, MA.
    What is the lease rate?
    The lease rate is $4,000 /Mo.
    What are key features of this property?
    This property features: Excellent commuter location with easy access to major routes.; Clean and well‑maintained industrial condo unit.; Spacious, fully furnished office area and break room on the upper level.
    (978) 808-6946
    We can help!
    Listing Contact
    Kristin Scarpaci
    Kristin Scarpaci
    Real Estate License ID: 74264
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!