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    Industrial Space in Ayer Available Title is generated by Realmo AI

    Bligh St, Ayer, MA 01432

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    Flex space for assembly, distribution, warehousing, or contractor use.

    Type:Industrial
    Property size:
    11,000 SF
    Lot size:
    7.50 Acres
    Added:
    Jun 20, 2020
    Days on Market:
    2174
    Last Refresh:
    May 19 at 8:54 pm

    Property Features for Bligh St

    General Information

    Standard status
    Active
    Size
    11,000 SF
    Lot size
    7.50 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1965

    Spaces For Lease

    at Bligh St Contact us

    We can help!

    Listing Contact
    Duncan Chapman

    Listing agent Duncan Chapman License #RI REB 16356

    Listing office KW Commerical North Central

    Listing date Jun 20, 2020

    Source Crexi

    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 KW Commerical North Central

    HighLights

    • 11,000 RSF industrial space ideal for flex assembly, distribution, warehousing, or contractor use.
    • Benefit from the 7.5 acre secured site with substantial outside storage area.
    • Recently renovated with a new roof, two loading dock doors, lighting, and a bathroom.
    • Located near Devens Commerce Center and Ayer downtown with Town Sewer & Water, NGrid three phase, and NG service.
    • Features 14 ft clear height, one 12 x 14 ft drive‑in door, and a dry sprinkler system.
    • Includes access to a rail spur off the CSX railroad.

    Overview

    One industrial zoned space offering 11,000 rentable square feet is available for rent. The property is suitable for flex assembly, distribution center, warehousing, or contractor space and/or yard. Situated on a 7.5-acre secured site, the location is just north of the Devens Commerce Center and south of downtown Ayer. Utilities include town sewer and water, National Grid three-phase power, and natural gas service. A rail spur previously connected to the CSX railroad. Recent renovations include a new roof, two loading dock doors, updated lighting, and a bathroom. The space features 14-foot clear height, two loading docks, one 12 x 14 ft drive-in door, two doors to the rail spur, a dry sprinkler system, and one bathroom. A substantial amount of outside storage area is available. An on-site property coordinator is present. Lease terms require a minimum of three years, with a preference for five-year terms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Ayer
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.588074
    Latitude
    42.557355

    Nearby Similar for Lease

    • Contact for pricing
      11,000 SF

      Industrial Spaces with Rail Access

      Industrial spaces available for lease with rail access.
      1 Bligh Street, Ayer, MA 01432
      View Details
    • Contact for pricing

      Land Available For Lease

      Two-acre land parcel suitable for a single tenant.
      15 Littleton Road, Ayer, MA 01432
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex space for assembly, distribution, warehousing, or contractor use.
    Where is this flex space located?
    The property is located at Bligh St Ayer, MA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 11,000 RSF industrial space ideal for flex assembly, distribution, warehousing, or contractor use.; Benefit from the **7.5 acre secured site with substantial outside storage area.**; **Recently renovated with a new roof, two loading dock doors, lighting, and a bathroom.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Duncan Chapman
    Real Estate License ID: RI REB 16356
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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.

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