Flex Research and Office
For Sale
Contact for pricing
15 Craig Rd, Acton, MA 01720
Flex/RD building with office space, ventilated research/lab area, and an exterior loading dock door.
Property Size16,185 SF
Price / SF$185.05
Days on Market698
Property Features for 15 Craig Rd
General Information
Standard status
Active
Size
16,185 SF
Property subtype
FLEX_R_AND_D
Additional Details
Highway Access
Yes
Dock-High Doors
1
Building Details
Stories
2
Listing Agency:
NAI | Parsons Commercial Group - Boston
(508) 820-2700
Listed By:
Matthew Cuneo
(774) 217-2884
Source:
Moodyscre
Added: Dec 2, 2024
Changed: Oct 25
Last Checked: Oct 30 at 5:32PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex/RD property totals 16,186 SF and is designed for mixed office and technical uses. The top floor includes built-out office space with open bullpen areas plus perimeter offices and conference rooms. Downstairs was previously used for research or lab space and is ventilated for lab equipment.
The building sits within an industrial park in Acton and offers easy access to I-495. There is also one exterior loading dock door to support receiving and operations.
The layout supports a combination of administrative and lab/work areas, with the main improvements consisting of office build-out on the upper level and ventilated research/lab space below.
The building sits within an industrial park in Acton and offers easy access to I-495. There is also one exterior loading dock door to support receiving and operations.
The layout supports a combination of administrative and lab/work areas, with the main improvements consisting of office build-out on the upper level and ventilated research/lab space below.
Key Highlights
- 16,186 SF flex/RD building for an owner‑user or investment buyer
- Industrial park location in Acton with easy access to I‑495
- Top floor includes office space with open bullpen areas and perimeter offices/conference rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,159
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,443,180
$3.4M
Cap Rate 7%
$2,459,414
$2.5M
Cap Rate 9%
$1,912,878
$1.9M
Market Conditions
NOI Build-Up for 16,185 SF
Gross rent
$260.3K $16.08/SF
− Vacancy
−$14.3K −$0.88/SF
EGI
$245.9K $15.20/SF
− OpEx
−$73.8K −$4.56/SF
NOI
$172.2K $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 Rate 5%
$3,443,180
Cap Rate 7%
$2,459,414
Cap Rate 9%
$1,912,878
Alternative Uses
Best Use
Office B
$7.34M
$6.42M – $8.56M
NOI $513,557 @ 7.0% cap · market cap 17.15%
Second Best
Industrial
$2.46M
$2.15M – $2.87M
NOI $172,159 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$9.58M
$8.38M – $11.18M
NOI $670,702 @ 7.0% cap · market cap 22.39%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Current Use
Lease Details
1
Dock-high doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 01720, MA
23,232
Population
8,937
Households
2.6
Avg Household Size
43
Median Age
78%
College-Educated
97%
High-School Grad
19.6 sq mi
ZIP Area
1,185
Density / Sq Mi
$154,101
Median Household Income
$79,774
Median Earnings
$1,908
Median Rent
$766,500
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Flex/RD building with office space, ventilated research/lab area, and an exterior loading dock door.
Where is this flex space located?
The property is located at 15 Craig Rd 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 building for an owner‑user or investment buyer; Industrial park location in Acton with easy access to I‑495; Top floor includes office space with open bullpen areas and perimeter offices/conference rooms
