Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    480 Boston Road Billerica, MA 1821

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Exceptional leasing opportunity in a high-visibility Billerica location.

    Type:Retail
    Added:
    Jan 27, 2026
    Days on Market:
    64
    Last Refresh:
    Mar 25 at 11:48 pm

    Property Features for 480 Boston Road

    General Information

    Standard status
    Active
    Property subtype
    Retail

    We can help!

    Listing Contact
    Andrea Kyriacou
    Andrea Kyriacou

    Listing agent Andrea Kyriacou

    Listing office RD Management LLC

    Listing date Jan 27, 2026

    Source Rdmanagement

    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 RD Management LLC

    Overview

    Prime Retail Space in Billerica

    Located at 480 Boston Road in Billerica, MA, this property offers a leasing opportunity with high visibility and convenient access. The property features ample parking for customers and employees, well-maintained grounds, and customizable spaces suitable for various businesses. It is positioned to provide retail, dining, and service-oriented tenants the opportunity to thrive. The surrounding area is ideal for a Retail / Neighborhood Center tenant. The nearby Shops at Billerica offer a mix of shopping and dining experiences, including retailers, restaurants, and entertainment options. The historic Middlesex Canal Museum is a short drive away.
    Location Intelligence

    Current Use by Public Records

    Ma's Dry Cleaners (Bike/Boat/Book/etc) Store Threading Forever Hair Salon Billerica Smoke Shop (Bike/Boat/Book/etc) Store Mall News (Bike/Boat/Book/etc) Store Maryam Moghtader Dental Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Billerica
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2635
    Latitude
    42.5564

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space with High Foot Traffic

      Retail space available for sublease with utilities included.
      Unit 2 Boston Road, Billerica, MA 01862
      View Details
    • Contact for pricing

      Medical Office Space in Billerica

      Highly visible medical/office space with existing buildout and easy highway access.
      790 Boston Road Billerica, MA 01821
      View Details
    • Contact for pricing

      Billerica Landscape Yard Space

      Open gravel landscape yard space available for rent.
      1 Everett Farmer Rd, Billerica, MA
      View Details
    • Contact for pricing

      Medical Office Space Available

      Highly visible medical/office space with existing exam rooms.
      790 Boston Rd, Billerica, MA 01821
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, ranging from 1,500 to 3,000 square feet.
      796 Boston Rd, Billerica, MA 01821
      View Details
    • Contact for pricing

      High-Bay Flex Conversion Space

      60,400 SF flex/industrial space adjacent to Route 3.
      1 Federal Street, Billerica, MA 01821
      View Details
    • Contact for pricing

      Billerica Warehouse Space for Lease

      9,000 SF industrial/warehouse space with convenient highway access.
      11 Esquire Road, Billerica, MA 01862
      View Details
    • Contact for pricing

      High-Bay Flex Conversion Space

      160,000 SF flex/industrial space adjacent to Route 3.
      2 Federal Street, Billerica, MA 01821
      View Details
    • Contact for pricing

      Modern Office Space Available

      Comfortable and convenient office spaces in interconnected buildings.
      300 Concord Rd, Billerica, MA
      View Details
    • Contact for pricing

      Billerica Warehouse Space Available

      17,872 SF warehouse space for lease in Billerica.
      44 Manning Rd, Billerica, MA
      View Details
    • Contact for pricing

      Billerica Flex Space Available

      21,470 SF flex space for lease in Billerica.
      46 Manning Rd, Billerica, MA
      View Details
    • $13/mo

      Billerica Flex Park Space Available

      Two-building flex park totaling 69,250 SF for lease.
      144-148 Rangeway Rd, Billerica, MA
      View Details

    FAQs

    What type of property is this?
    Strip mall - Exceptional leasing opportunity in a high-visibility Billerica location.
    Where is this strip mall located?
    The property is located at 480 Boston Road Billerica, MA.
    What are key features of this property?
    This property features: Prime location with high visibility and convenient access.; Ample parking for customers and employees.; Contemporary, customizable spaces suitable for a variety of businesses.
    (212) 265-6600
    We can help!
    Listing Contact
    Andrea Kyriacou
    Andrea Kyriacou
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!