Flex Space in
For Sale
$2,995,000
15 Craig Road, Acton, MA 01720
16,186 SF flex/RD space for sale in Acton, MA.
Property Size16,185 SF
Price / SF$185.04
Days on Market151
Property Features for 15 Craig Road
General Information
Standard status
Active
Size
16,185 SF
Property subtype
Industrial
Building Details
Building Size
16,185 SF
Year Built
1969
Listing Agency:
NAI | Parsons Commercial Group - Boston
Listed By:
Matthew Cuneo
(774) 217-2684
Source:
Naiglobal
Added: May 14
Changed: Sep 23
Last Checked: Oct 11 at 3:31AM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,169
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,443,380
$3.4M
Cap Rate 7%
$2,459,557
$2.5M
Cap Rate 9%
$1,912,989
$1.9M
Market Conditions
NOI Build-Up for 16,186 SF
Gross rent
$260.3K $16.08/SF
− Vacancy
−$14.3K −$0.88/SF
EGI
$246.0K $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%
$3,443,380
Cap Rate 7%
$2,459,557
Cap Rate 9%
$1,912,989
Alternative Uses
Best Use
Industrial
$2.46M
$2.15M – $2.87M
NOI $172,169 @ 7.0% cap · market cap 5.75%
Second Best
Flex RnD
$1.15M
$1.00M – $1.34M
NOI $80,270 @ 7.0% cap · market cap 2.68%
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 authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
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.
