Flex Space with Office
34 Linnell Cir, Billerica, MA 01821
For Sale
Contact for pricing
The building includes a substantial office component alongside its flex space.
Property Size16,300 SF
Price / SF$0.00
Days on Market49
Property Features for 34 Linnell Cir
General Information
Standard status
Size
Property subtype
Zoning
Lease Type
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Greater Boston Commercial Properties, Inc.
Listed By:
Bret O'Brien · License MA #8994
(508) 925-7477
Source:
Churchillprop
Added: Sep 26
Changed: Oct 31
Last Checked: Nov 12 at 5:50AM
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 Greater Boston Commercial Properties, Inc.
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Investment Insights
Based on property information with market context.
This 16,300-square-foot flex property includes approximately 4,000–5,000 square feet of office space. Built in 1982, it carries zoning designation 5.
Key Highlights
- 16,300 Sq. Ft. flex property
- Approximately 4,000–5,000 sf of office space; built in 1982; zoning designation 5
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,836
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,616,720
$1.6M
Cap Rate 7%
$1,154,800
$1.2M
Cap Rate 9%
$898,178
$898.2K
Market Conditions
NOI Build-Up for 16,300 SF
Gross rent
$133.0K $8.16/SF
− Vacancy
−$8.6K −$0.53/SF
EGI
$124.4K $7.63/SF
− OpEx
−$43.5K −$2.67/SF
NOI
$80.8K $4.96/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,616,720
Cap Rate 7%
$1,154,800
Cap Rate 9%
$898,178
Alternative Uses
Best Use
Industrial
$2.49M
$2.18M – $2.90M
NOI $174,299 @ 7.0% cap
Second Best
Flex RnD
$1.15M
$1.01M – $1.35M
NOI $80,836 @ 7.0% cap
Theoretical Best
Office A
$9.65M
$8.44M – $11.26M
NOI $675,468 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
Under-served
Demand for This Use
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
$581,300
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Middlesex County, MA
Properties on Market for Flex space in Middlesex County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - The building includes a substantial office component alongside its flex space.
Where is this flex space located?
The property is located at 34 Linnell Cir Billerica, MA.
What are key features of this property?
This property features: 16,300 Sq. Ft. flex property; Approximately 4,000–5,000 sf of office space; built in 1982; zoning designation 5
