Versatile Retail Units in
For Sale
$949,000
Pending
295 Boston Rd, Billerica, MA 01862
Adaptable retail property in high-traffic area, suitable for investors.
Property Size2,496 SF
Lot Size0.60 Acres
Days on Market311
Property Features for 295 Boston Rd
General Information
Standard status
Pending
Size
2,496 SF
Lot size
0.60 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$15,013
Building Details
Building Size
2,496 SF
Year Built
1954
Listing Agency:
RE/MAX Partners
Listed By:
James Kalogeropoulos · License #9072828
(508) 635-8259
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 21
Last Checked: Oct 4 at 10:12AM
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 Partners
Investment Insights
Based on property information with market context.
This exceptionally maintained property features three versatile retail units that can function independently for multiple tenants or be seamlessly combined for a single operator. The adaptable layout is ideal for professional and medical offices, boutique retail, or restaurant use, meeting a variety of business needs. Currently occupied by a single owner-operator, the building has undergone extensive upgrades, including a new roof, new gas forced hot air HVAC, new mini-split units with cooling, new windows, new flooring, and fresh exterior paint. Built on a solid slab foundation, this property delivers both quality and longevity. Located in a high-visibility, high-traffic corridor surrounded by established local and national businesses, it provides an outstanding platform for brand exposure and growth. It is a perfect fit for an investor or owner-user seeking a modern, turnkey property in one of Billerica's most active commercial districts.
Key Highlights
- Turnkey property with EXTENSIVE recent upgrades: new roof, HVAC, mini‑splits, windows, flooring, and paint.
- Versatile layout: adaptable for multiple tenants or a single operator, suitable for retail, office, or restaurant use.
- High‑visibility location: Situated in a high‑traffic commercial corridor with established businesses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,199
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,583,980
$1.6M
Cap Rate 7%
$1,131,414
$1.1M
Cap Rate 9%
$879,989
$880.0K
Market Conditions
NOI Build-Up for 2,496 SF
Gross rent
$135.4K $54.24/SF
− Vacancy
−$29.8K −$11.93/SF
EGI
$105.6K $42.31/SF
− OpEx
−$26.4K −$10.58/SF
NOI
$79.2K $31.73/SF
Area
Middlesex County, MA
Vacancy
22.00%
Lease Rate
$54.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,583,980
Cap Rate 7%
$1,131,414
Cap Rate 9%
$879,989
Alternative Uses
Best Use
Office B
$1.13M
$990.0K – $1.32M
NOI $79,199 @ 7.0% cap · market cap 8.35%
Second Best
Retail
$512.5K
$448.4K – $597.9K
NOI $35,875 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,434 @ 7.0% cap · market cap 10.90%
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
409
Businesses Nearby
Explore this area
Business Placement
Demographics for 01862, MA
11,430
Population
4,263
Households
2.7
Avg Household Size
40
Median Age
39%
College-Educated
91%
High-School Grad
9.1 sq mi
ZIP Area
1,256
Density / Sq Mi
$131,214
Median Household Income
$67,595
Median Earnings
$1,881
Median Rent
$503,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Adaptable retail property in high-traffic area, suitable for investors.
Where is this retail space located?
The property is located at 295 Boston Rd Billerica, MA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Turnkey property with EXTENSIVE recent upgrades: new roof, HVAC, mini‑splits, windows, flooring, and paint.; Versatile layout: adaptable for multiple tenants or a single operator, suitable for retail, office, or restaurant use.; High‑visibility location: Situated in a high‑traffic commercial corridor with established businesses.
