5,000 SF Mixed-Use
For Sale
Contact for pricing
Pending
61 Great Rd, Acton, MA 01720
Versatile building on Great Road with flexible zoning.
Property Size5,000 SF
Days on Market947
Property Features for 61 Great Rd
General Information
Standard status
Pending
Size
5,000 SF
Property subtype
Retail, Multifamily, Office, Mixed Use
Zoning
East Acton Village (EAV)
Building Details
Year Built
1972
Buildings
1
Tenancy
Single
Listing Agency:
KW Commercial Boston Northwest
(978) 369-5775
Listed By:
Alan Litchfield · License #80397
Source:
Crexi
Added: Jan 16, 2024
Changed: Aug 8
Last Checked: Jul 25 at 11:45AM
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 KW Commercial Boston Northwest
Investment Insights
Based on property information with market context.
The property at 61 Great Road is a 5,000 square foot steel frame building featuring an open floor plan, a drive-in bay, a loading dock, and ample parking. It is conveniently located on Route 2A/119, also known as Great Road, in Acton. The East Acton Village Zoning permits a variety of business uses. These include residential options such as single-family or two- to four-family dwellings, as well as educational, religious, retail, office, health care, child care, restaurant, service, repair shop, technical shop, studio, veterinary care, and commercial recreation/entertainment facilities.
Key Highlights
- Versatile East Acton Village Zoning allows for residential, retail, office, and more.
- 5,000 sf steel frame building with an open floor plan.
- Conveniently located on Rt 2A/119 (Great Road) in Acton.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$71,864
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,437,280
$1.4M
Cap Rate 7%
$1,026,629
$1.0M
Cap Rate 9%
$798,489
$798.5K
Market Conditions
NOI Build-Up for 5,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$109.8K $21.96/SF
− Vacancy
−$7.1K −$1.43/SF
EGI
$102.7K $20.53/SF
− OpEx
−$30.8K −$6.16/SF
NOI
$71.9K $14.37/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,437,280
Cap Rate 7%
$1,026,629
Cap Rate 9%
$798,489
Alternative Uses
Best Use
Office B
$2.27M
$1.98M – $2.64M
NOI $158,652 @ 7.0% cap · market cap 17.73%
Second Best
Apartment 5plus
$1.42M
$1.24M – $1.66M
NOI $99,483 @ 7.0% cap · market cap 11.12%
Theoretical Best
Office A
$2.96M
$2.59M – $3.45M
NOI $207,199 @ 7.0% cap · market cap 23.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
Explore this area
Business Placement
Demographics for 01720, MA
23,232
Population
8,937
Households
2.6
Avg Household Size
43
Median Age
78%
College-Educated
97%
High-School Grad
19.6 sq mi
ZIP Area
1,185
Density / Sq Mi
$154,101
Median Household Income
$79,774
Median Earnings
$1,908
Median Rent
$766,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile building on Great Road with flexible zoning.
Where is this mixed-use property located?
The property is located at 61 Great Rd Acton, MA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Versatile East Acton Village Zoning allows for residential, retail, office, and more.; 5,000 sf steel frame building with an open floor plan.; Conveniently located on Rt 2A/119 (Great Road) in Acton.
