Mixed-Use Building with
For Sale
$499,900
791 Boston Rd, Billerica, MA 01821
A studio apartment occupies the upper level, complemented by 15 off-street parking spaces and substantial storage.
Property Size1,940 SF
Days on Market28
Property Features for 791 Boston Rd
General Information
Standard status
Active
Size
1,940 SF
Total Parking Spaces
15
Property subtype
Commercial
Units
Unit Mix
1 x studio
Multifamily Units
1
Additional Details
Mixed-Use Components
retail, residential
Building Details
Building Size
1,940 SF
Year Built
1940
Buildings
1
Listing Agency:
Curtis Knight Real Estate LLC
Listed By:
Curtis Knight
(978) 590-5910
Source:
Iverty
Added: Sep 28
Changed: Oct 25
Last Checked: Oct 24 at 6:32PM
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 Curtis Knight Real Estate LLC
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Investment Insights
Based on property information with market context.
At 791 Boston Rd in Billerica, this two-unit mixed-use property combines a ground-floor commercial storefront with a studio apartment on the second level. The building dates to 1940 and includes storage space and a paved lot with 15 off-street parking spaces. The commercial space and apartment may be delivered vacant or with existing occupants who elect to remain.
The property is situated in Billerica’s business district, among major retailers, restaurants, and local businesses. Its commercial and residential components are contained in one building, with parking serving the property on site.
The property is situated in Billerica’s business district, among major retailers, restaurants, and local businesses. Its commercial and residential components are contained in one building, with parking serving the property on site.
Key Highlights
- Two‑unit mixed‑use building with a ground‑floor storefront and an upstairs studio apartment
- 15 off‑street parking spaces in a paved lot
- Storage space included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,599
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,980
$772.0K
Cap Rate 7%
$551,414
$551.4K
Cap Rate 9%
$428,878
$428.9K
Market Conditions
NOI Build-Up for 1,940 SF
Gross rent
$74.0K $38.16/SF
− Vacancy
−$3.8K −$1.98/SF
EGI
$70.2K $36.18/SF
− OpEx
−$31.6K −$16.28/SF
NOI
$38.6K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,980
Cap Rate 7%
$551,414
Cap Rate 9%
$428,878
Alternative Uses
Best Use
Apartment 5plus
$551.4K
$482.5K – $643.3K
NOI $38,599 @ 7.0% cap · market cap 7.72%
Second Best
Mixed Use
$457.3K
$400.1K – $533.5K
NOI $32,010 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,393 @ 7.0% cap · market cap 16.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
9,425 visits/mo
0.2 miles
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A studio apartment occupies the upper level, complemented by 15 off-street parking spaces and substantial storage.
Where is this mixed-use property located?
The property is located at 791 Boston Rd Billerica, MA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two‑unit mixed‑use building with a ground‑floor storefront and an upstairs studio apartment; 15 off‑street parking spaces in a paved lot; Storage space included
