New Light Industrial
For Sale
$1,399,000
66 Airport Blvd. # 5, Marlborough, MA 01752
6,000 sq.ft. light industrial building for sale.
Property Size6,000 SF
Lot Size0.69 Acres
Price / SF$233.17
Days on Market347
Property Features for 66 Airport Blvd. # 5
General Information
Standard status
Active
Size
6,000 SF
Lot size
0.69 Acres
Property subtype
Commercial
Zoning
LI
Lease Type
NNN
Taxes and HOA fees
Annual Taxes
$7,632
Building Details
Building Size
6,000 SF
Year Built
2023
Listing Agency:
Coldwell Banker Realty - Concord
(833) 668-4649
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Oct 2, 2025
Changed: Sep 12
Last Checked: Sep 13 at 4:22AM
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 Coldwell Banker Realty - Concord
Investment Insights
Based on property information with market context.
A new 6,000 sq.ft. light industrial building is available for purchase. The property includes a drive-in door and is situated on Lot 5, a 30,000 sq.ft lot within the new Airport Industrial Park. This development comprises 20 commercial light industrial lots and is conveniently located near Route 20 off Farm Road, close to the Framingham/Sudbury line in Marlborough. The property is suitable for light industrial, business, and other commercial uses, including light manufacturing, distribution, office space, contractor services, and landscaping businesses. Seller financing options are available.
Key Highlights
- New 6,000 sq.ft. light industrial building built in 2023.
- Located in the new Airport Industrial Park.
- Situated on a 30,000 sq.ft. lot.
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
$63,822
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
4.56%
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%
$1,276,440
$1.3M
Cap Rate 7%
$911,743
$911.7K
Cap Rate 9%
$709,133
$709.1K
Market Conditions
NOI Build-Up for 6,000 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
$96.5K $16.08/SF
− Vacancy
−$5.3K −$0.88/SF
EGI
$91.2K $15.20/SF
− OpEx
−$27.4K −$4.56/SF
NOI
$63.8K $10.64/SF
Area
Middlesex County, MA
Vacancy
5.50%
Lease Rate
$16.08 /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%
$1,276,440
Cap Rate 7%
$911,743
Cap Rate 9%
$709,133
Alternative Uses
Best Use
Industrial
$911.7K
$797.8K – $1.06M
NOI $63,822 @ 7.0% cap · market cap 4.56%
Second Best
Flex RnD
$425.1K
$371.9K – $495.9K
NOI $29,755 @ 7.0% cap · market cap 2.13%
Theoretical Best
Office A
$3.55M
$3.11M – $4.14M
NOI $248,638 @ 7.0% cap · market cap 17.77%
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
1,333
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01752, MA
41,793
Population
17,370
Households
2.4
Avg Household Size
40
Median Age
41%
College-Educated
89%
High-School Grad
20.9 sq mi
ZIP Area
2,000
Density / Sq Mi
$95,047
Median Household Income
$49,012
Median Earnings
$1,721
Median Rent
$485,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
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Similar Off Market Nearby
- Thairiffic — 128 Main St, Marlborough, MA 01752
- The Buffet Way — 31 Curtis Ave, Marlborough, MA 01752
Frequently Asked Questions
What type of property is this?
Flex space - 6,000 sq.ft. light industrial building for sale.
Where is this flex space located?
The property is located at 66 Airport Blvd. # 5 Marlborough, MA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: New 6,000 sq.ft. light industrial building built in 2023.; Located in the new Airport Industrial Park.; Situated on a 30,000 sq.ft. lot.
