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    112 Burlington Mall Rd Burlington, MA 01803

    Sponsored
    For Lease
    Contact for pricing

    Prime Burlington, MA retail space. High traffic, strong tenants.

    Lot size:
    31,623 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional retail property, located at 112 Burlington Mall Road in Burlington, MA 01803, offers a compelling investment opportunity. The Shops at Mall Road is a 31,623 square foot strip center situated in a high-traffic area, boasting over 30,000 vehicles per day on nearby Middlesex Turnpike and Burlington Mall Road. The property enjoys excellent visibility with over 314 feet of frontage on Mall Road and 221 feet on Meadow Road. Currently featuring a mix of national tenants including Duluth Trading Company, Orange Theory Fitness, Supercuts, Petmedic, and Wendy's, the center benefits from strong retail synergies. The property includes 137 parking spaces and is zoned BG (General Business). While currently a single-tenant occupancy, there is 3,250 square feet of vacant space available. The 3.38-acre lot underwent renovations in 2016. This location is strategically positioned near major retail destinations such as 3rd Ave, the Burlington Mall, and Wayside Commons, ensuring consistent foot traffic and high visibility. The property presents a rare opportunity to acquire a well-established retail center in a thriving Massachusetts market.

    Property Features for 112 Burlington Mall Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    31,623 SF

    Building Details

    Year Renovated
    2016

    Unit(s) available at that property

    Space
    Available Space
    Size
    4,000 SF

    We can help!

    Listing Contact
    Danny Schwarz
    Danny Schwarz

    Learn more

    HighLights

    • 31,623 square foot retail strip center in Burlington, MA.
    • Prime location near Burlington Mall, 3rd Ave, and Wayside Commons, offering high visibility and traffic.
    • Strong tenant mix including national brands like Orange Theory Fitness, Supercuts, Wendy's, and Petmedic.
    • Excellent street frontage: 314 feet on Mall Road and 221 feet on Meadow Road.
    • Ample parking with 137 spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wendy's Hamburger Restaurant Supercuts Beauty Salon Duluth Trading Company Men'S Clothing Store Orangetheory Fitness Gym Starlite Heating & Air ... Repair Service

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2280234
    Latitude
    42.4286907

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Burlington, MA retail space. High traffic, strong tenants.
    Where is this neighborhood center located?
    The property is located at 112 Burlington Mall Rd Burlington, MA.
    What are key features of this property?
    This property features: 31,623 square foot retail strip center in Burlington, MA.; Prime location near Burlington Mall, 3rd Ave, and Wayside Commons, offering high visibility and traffic.; Strong tenant mix including national brands like Orange Theory Fitness, Supercuts, Wendy's, and Petmedic.
    Request Owner's contact information
    112 Burlington Mall Rd Burlington, MA 01803
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    Burlington, MA 01803
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    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
    112 Burlington Mall Rd Burlington, MA 01803
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    We can help!
    Listing Contact
    Danny Schwarz
    Danny Schwarz
    Real Estate License ID: 9534698
    Learn more
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