Brick Flex Building with Rear
For Sale
$1,699,900
99 Cambridge St Burlington, Burlington, MA 01803
Brick flex building with lower-level rear garage doors and central air, located on busy Route 3/Cambridge Street.
Property Size4,974 SF
Price / SF$341.76
Days on Market125
Property Features for 99 Cambridge St Burlington
General Information
Standard status
Active
Size
4,974 SF
Total Parking Spaces
20
Zoning
BG
Site & Location
Traffic Count
30,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$17,213
Building Details
Building Size
4,974 SF
Year Built
1966
Construction
brick
Tenancy
Multi
Listed By:
Brian Balestracci
(508) 501-1443
Source:
Milestonerealtyinc
Added: Jun 3
Changed: Sep 22
Last Checked: Oct 4 at 6:24AM
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 Brian Balestracci
Investment Insights
Based on property information with market context.
Brick commercial flex building in excellent condition with newer gas heating and central air conditioning. The lower level includes rear garage doors providing direct access, which can support a variety of service and trade-oriented operations.
Situated on busy Route 3/Cambridge Street, the property offers convenient connectivity to major nearby routes, including easy access to Interstate 93 and Route 95. MBTA bus routes 350 and 354 stop directly in front of the building. Public remarks note approximately 30,000 vehicles passing daily, along with signage exposure.
Parking is available in front, rear, and side areas, with approximately 20 shared spaces. The building is currently configured with two tenants, and it is being marketed as a potential 1031 exchange property.
Situated on busy Route 3/Cambridge Street, the property offers convenient connectivity to major nearby routes, including easy access to Interstate 93 and Route 95. MBTA bus routes 350 and 354 stop directly in front of the building. Public remarks note approximately 30,000 vehicles passing daily, along with signage exposure.
Parking is available in front, rear, and side areas, with approximately 20 shared spaces. The building is currently configured with two tenants, and it is being marketed as a potential 1031 exchange property.
Key Highlights
- Brick commercial building built in 1966 on busy Route 3/Cambridge Street
- Central air plus newer gas heating systems
- Lower‑level rear garage doors provide direct access for service and trades businesses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,908
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,058,160
$1.1M
Cap Rate 7%
$755,829
$755.8K
Cap Rate 9%
$587,867
$587.9K
Market Conditions
NOI Build-Up for 4,974 SF
Gross rent
$80.0K $16.08/SF
− Vacancy
−$4.4K −$0.88/SF
EGI
$75.6K $15.20/SF
− OpEx
−$22.7K −$4.56/SF
NOI
$52.9K $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 Rate 5%
$1,058,160
Cap Rate 7%
$755,829
Cap Rate 9%
$587,867
Alternative Uses
Best Use
Industrial
$755.8K
$661.4K – $881.8K
NOI $52,908 @ 7.0% cap · market cap 3.11%
Second Best
Flex RnD
$352.4K
$308.3K – $411.1K
NOI $24,667 @ 7.0% cap · market cap 1.45%
Theoretical Best
Office A
$2.94M
$2.58M – $3.44M
NOI $206,121 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
30,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
767
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01803, MA
26,074
Population
10,468
Households
2.5
Avg Household Size
42
Median Age
58%
College-Educated
96%
High-School Grad
11.3 sq mi
ZIP Area
2,307
Density / Sq Mi
$142,421
Median Household Income
$75,829
Median Earnings
$2,615
Median Rent
$679,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - Brick flex building with lower-level rear garage doors and central air, located on busy Route 3/Cambridge Street.
Where is this flex space located?
The property is located at 99 Cambridge St Burlington Burlington, MA.
What is the asking price?
The asking price for this property is $1,699,900.
What are key features of this property?
This property features: Brick commercial building built in 1966 on busy Route 3/Cambridge Street; Central air plus newer gas heating systems; Lower‑level rear garage doors provide direct access for service and trades businesses
