Second-Floor Office
For Sale
Contact for pricing
Unit 4 Boston Road, Billerica, MA 01862
Office space in a general business zoning district, positioned on the second floor.
Property Size600 SF
Price / SF$1.67
Days on Market49
Property Features for Unit 4 Boston Road
General Information
Standard status
Active
Size
600 SF
Property subtype
Commercial
Zoning
gen busine
Lease Type
Gross
Additional Details
Floor
2
Building Details
Building Size
600 SF
Year Built
1970
Listing Agency:
Arakelian Real Estate, Inc.
(978) 667-2301
Listed By:
Allan Arakelian
(978) 375-5123
Source:
Churchillprop
Added: Sep 1
Changed: Oct 6
Last Checked: Oct 19 at 4:21AM
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 Arakelian Real Estate, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit 4 is a 600-square-foot office unit on the second floor of a commercial property built in 1970. The space is located at Boston Road in Billerica, Massachusetts, and falls within a general business zoning district.
Key Highlights
- 600‑square‑foot second‑floor office unit
- General business zoning
- Built in 1970
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,038
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,760
$380.8K
Cap Rate 7%
$271,971
$272.0K
Cap Rate 9%
$211,533
$211.5K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$32.5K $54.24/SF
− Vacancy
−$7.2K −$11.93/SF
EGI
$25.4K $42.31/SF
− OpEx
−$6.3K −$10.58/SF
NOI
$19.0K $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%
$380,760
Cap Rate 7%
$271,971
Cap Rate 9%
$211,533
Alternative Uses
Best Use
Office B
$272.0K
$238.0K – $317.3K
NOI $19,038 @ 7.0% cap · market cap 1,903.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$355.2K
$310.8K – $414.4K
NOI $24,864 @ 7.0% cap · market cap 2,486.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
113
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
Frequently Asked Questions
What type of property is this?
Office unit - Office space in a general business zoning district, positioned on the second floor.
Where is this office unit located?
The property is located at Unit 4 Boston Road Billerica, MA.
What are key features of this property?
This property features: 600‑square‑foot second‑floor office unit; General business zoning; Built in 1970
