Flex Space in
15 Craig Road Acton, MA 01720
15 Craig Road, Acton, MA, 01720
$2,995,000
For Sale
$2,995,000
16,186 SF flex/RD space for sale in Acton, MA.
Property Size16,186 SF
Price / SF$185.04
Days on Market70
Property Features for 15 Craig Road
General Information
- Standard status
- Active
- Size
- 16,186 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1969
Listing agency
NAI | Parsons Commercial Group - Boston
(774) 217-2684
Listed by
Matthew Cuneo
(774) 217-2684
Source
Naiglobal
Added: May 14 Updated: Jul 10 at 1:36PM Checked: Jul 21 at 5:58AM
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 NAI | Parsons Commercial Group - Boston
Investment Insights
Based on property information with market context.
This property features 16,186 square feet of flex/RD space suitable for an owner-user or investment buyer. Located in an industrial park in Acton, it provides convenient access to I-495. The building includes office space on the top floor, featuring open bullpen areas, perimeter office space, and conference rooms. The downstairs area was previously utilized for research and lab space and is ventilated to accommodate lab equipment. The property also includes one exterior loading dock door.
Key Highlights
- 16,186 SF Flex/RD space suitable for owner‑user or investment.
- Convenient access to I‑495.
- Built‑out office space with open bullpen areas, perimeter offices, and conference rooms.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $260.3k | $16.08 |
| − Vacancy | −$14.3k | −$0.88 |
| EGI | $246.0k | $15.20 |
| − OpEx | −$36.9k | −$2.28 |
| NOI | $209.1k | $12.92 |
16,186 SF · lease $16.08/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$7.34M
$6.42M – $8.56M
NOI $513,588 @ 7.0% cap · market cap 17.15%
Second Best
Warehouse
$2.99M
$2.61M – $3.48M
NOI $209,063 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$9.58M
$8.38M – $11.18M
NOI $670,744 @ 7.0% cap · market cap 22.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Banzan International Group ...
Corporate Office
Environmental Sustainability | Banline ...
Industrial Manufacturer
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - 16,186 SF flex/RD space for sale in Acton, MA.
Where is this flex space located?
The property is located at 15 Craig Road Acton, MA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: 16,186 SF Flex/RD space suitable for owner‑user or investment.; Convenient access to I‑495.; Built‑out office space with open bullpen areas, perimeter offices, and conference rooms.
