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

    98 Commerce Way Woburn, MA 1801

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

    40,000 sq ft flex/industrial space for lease.

    Type:FlexIndustrial
    Property size:
    40,000 SF
    Added:
    Mar 16, 2026
    Days on Market:
    17
    Last Refresh:
    Mar 25 at 8:33 pm

    Property Features for 98 Commerce Way

    General Information

    Standard status
    Active
    Size
    40,000 SF
    Property subtype
    FlexIndustrial

    We can help!

    Listing Contact
    Robert Byrne

    Listing agent Robert Byrne

    Listing office

    Listing date Mar 16, 2026

    Source Cbre

    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 Robert Byrne

    Overview

    Woburn Flex/Industrial Space Available

    This commercial real estate property offers 40,000 square feet of flex and industrial space. Located in Woburn, Massachusetts, the property is suitable for a variety of commercial uses.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Similar Places Nearby

    • The Kiddush Caterer — 30 Commerce Way, Woburn, MA 01801
    • Hostess Catering — 2 Gill St, Woburn, MA 01801
    • Joseph's Industrial Catering — 30 Torrice Dr #1, Woburn, MA 01801
    • Olive Green — 2 Gill St l, Woburn, MA 01801

    Location Insight

    • Map
    • Local Demand
    City
    Woburn
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1372
    Latitude
    42.5155

    Nearby Similar for Lease

    • Contact for pricing

      Renovated Industrial Condo Office Space

      Modern creative office space with open floor plan and mezzanine.
      10 Draper St, Woburn, MA
      View Details
    • Contact for pricing

      Woburn Office/Flex Space Available

      Renovated 2,200 SF office/flex space for rent near Boston.
      1 Presidential Way, Woburn, MA 01801
      View Details
    • Contact for pricing

      Woburn Flex Space For Lease

      11,573 SF flex space with drive-in door near I-93.
      4 Presidential Way, Woburn, MA 01801
      View Details
    • Contact for pricing

      Woburn Retail/Auto Shop Space

      1,600 SF space suitable for retail or auto shops.
      921 Main St, Woburn, MA
      View Details
    • Contact for pricing

      Woburn Industrial Space Available

      21,000 SF industrial space with high ceilings and loading docks.
      4 Presidential Way, Woburn, MA 01801
      View Details
    • $29/mo

      Woburn Flex/R&D Sublease Opportunity

      29,464 SF flexible space, ideal for medical manufacturing or R&D.
      34 Commerce Way, Woburn, MA
      View Details
    • Contact for pricing

      Bright Corner Office Suite

      Well-appointed office suite with abundant natural light, near Boston.
      2-100 Tower Office Park, Woburn, MA
      View Details
    • Contact for pricing

      Woburn Office Space Available

      Turnkey suite in Woburn business park with highway access.
      15 Presidential Way, Woburn, MA
      View Details
    • Contact for pricing

      Retail Endcap at Signalized Intersection

      2,597 SF retail space at Commerce Way and Connector Road.
      103 Commerce Way, Woburn, MA, 01801
      View Details
    • $25/mo

      Woburn Flex Building For Lease

      4,800 SF flex building suitable for various operations.
      20 Torrice Dr, Woburn, MA
      View Details
    • $25/mo

      Woburn Office Space Available

      Office space available for rent in Woburn, Massachusetts.
      18 Commerce Way, Woburn, MA
      View Details
    • Contact for pricing

      Woburn Warehouse with Mezzanine Office

      Warehouse space with mezzanine office available for sublease.
      155 New Boston St, Woburn, MA
      View Details

    FAQs

    What type of property is this?
    Flex space - 40,000 sq ft flex/industrial space for lease.
    Where is this flex space located?
    The property is located at 98 Commerce Way Woburn, MA.
    What are key features of this property?
    This property features: 40,000 sq ft of space; Flex/industrial space; Space for lease
    We can help!
    Listing Contact
    Robert Byrne
    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!