Building Details

Buildings 2

Listing Agency: The Stubblebine Company

Listed By: Micah Stubblebine · License #MA 9089495

Source: Crexi

Added: Sep 7 Changed: Oct 25 Last Checked: Oct 28 at 6:25AM

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Investment Insights

Based on property information with market context.

This industrial property includes two separate buildings with a combined 10,608 square feet of space. The asset is located at 18 Republic Rd in North Billerica, Massachusetts, providing a defined industrial property offering within the local commercial market.

Key Highlights

• Two industrial buildings included
• 10,608 SF combined building area
• Located at 18 Republic Rd, North Billerica, MA 01821

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$112,836

Cap Rate

7.78%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,256,720 $2.3M

Cap Rate 7%

$1,611,943 $1.6M

Cap Rate 9%

$1,253,733 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,608 SF

Gross rent

$170.6K $16.08/SF

− Vacancy

−$9.4K −$0.88/SF

EGI

$161.2K $15.20/SF

− OpEx

−$48.4K −$4.56/SF

NOI

$112.8K $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%

$2,256,720

Cap Rate 7%

$1,611,943

Cap Rate 9%

$1,253,733

Alternative Uses

Best Use

Warehouse

$1.96M

$1.71M – $2.28M (±1% cap)

NOI $137,016 @ 7.0% cap · market cap 9.45%

Second Best

Industrial

$1.61M

$1.41M – $1.88M (±1% cap)

NOI $112,836 @ 7.0% cap · market cap 7.78%

Theoretical Best

Office A

$6.28M

$5.49M – $7.33M (±1% cap)

NOI $439,593 @ 7.0% cap · market cap 30.32%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Granite Designs LLC Kitchen & Bath Showroom A&M Customs Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Hair Salon Spa & Massage Center Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

135

Businesses Nearby

Explore this area Business Placement

Demographics for 01821, MA

30,909

Population

11,666

Households

2.6

Avg Household Size

43

Median Age

42%

College-Educated

95%

High-School Grad

16.6 sq mi

ZIP Area

1,862

Density / Sq Mi

$142,564

Median Household Income

$65,056

Median Earnings

$2,211

Median Rent

$581,300

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Frequently Asked Questions

What type of property is this?

Industrial property - Industrial property comprising two separate buildings for commercial use.

Where is this industrial property located?

The property is located at 18 Republic Rd North Billerica, MA.

What is the asking price?

The asking price for this property is $1,450,000.

What are key features of this property?

This property features: Two industrial buildings included; 10,608 SF combined building area; Located at 18 Republic Rd, North Billerica, MA 01821