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

    Unit 2 Boston Road Billerica, MA 1862

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $500 /Mo

    Retail space available for sublease with utilities included.

    Type:Rental
    Property size:
    181 SF
    Added:
    Mar 24, 2026
    Days on Market:
    11
    Last Refresh:
    Feb 12 at 7:19 am

    Property Features for Unit 2 Boston Road

    General Information

    Standard status
    Active
    Size
    181 SF
    Property subtype
    Rental

    Building Details

    Year Built
    1970

    We can help!

    Listing Contact
    Allan Arakelian

    Listing agent Allan Arakelian

    Listing office Arakelian Real Estate, Inc.

    Listing date Mar 24, 2026

    Source Exitrealty

    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 Arakelian Real Estate, Inc.

    Overview

    Retail Space with High Foot Traffic

    This retail space offers a location with high foot traffic, suitable for various business ventures. The property is available for sublease. The lease terms require the first month's rent, last month's rent, and a security deposit, totaling $1500, to be paid upon signing. The rent includes heat, air conditioning, and electricity, covered under the NNN agreement. The property size is 181 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Billerica
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.298283
    Latitude
    42.600076

    Nearby Similar for Lease

    • Contact for pricing

      Medical Office Space in Billerica

      Highly visible medical/office space with existing buildout and easy highway access.
      790 Boston Road Billerica, MA 01821
      View Details
    • Contact for pricing

      Prime Retail Space in Billerica

      Exceptional leasing opportunity in a high-visibility Billerica location.
      480 Boston Road, Billerica, MA 01821
      View Details
    • Contact for pricing

      Billerica Landscape Yard Space

      Open gravel landscape yard space available for rent.
      1 Everett Farmer Rd, Billerica, MA
      View Details
    • Contact for pricing

      Medical Office Space Available

      Highly visible medical/office space with existing exam rooms.
      790 Boston Rd, Billerica, MA 01821
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, ranging from 1,500 to 3,000 square feet.
      796 Boston Rd, Billerica, MA 01821
      View Details
    • Contact for pricing

      High-Bay Flex Conversion Space

      60,400 SF flex/industrial space adjacent to Route 3.
      1 Federal Street, Billerica, MA 01821
      View Details
    • Contact for pricing

      Billerica Warehouse Space for Lease

      9,000 SF industrial/warehouse space with convenient highway access.
      11 Esquire Road, Billerica, MA 01862
      View Details
    • Contact for pricing

      High-Bay Flex Conversion Space

      160,000 SF flex/industrial space adjacent to Route 3.
      2 Federal Street, Billerica, MA 01821
      View Details
    • Contact for pricing

      Modern Office Space Available

      Comfortable and convenient office spaces in interconnected buildings.
      300 Concord Rd, Billerica, MA
      View Details
    • Contact for pricing

      Billerica Warehouse Space Available

      17,872 SF warehouse space for lease in Billerica.
      44 Manning Rd, Billerica, MA
      View Details
    • Contact for pricing

      Billerica Flex Space Available

      21,470 SF flex space for lease in Billerica.
      46 Manning Rd, Billerica, MA
      View Details
    • $13/mo

      Billerica Flex Park Space Available

      Two-building flex park totaling 69,250 SF for lease.
      144-148 Rangeway Rd, Billerica, MA
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available for sublease with utilities included.
    Where is this retail space located?
    The property is located at Unit 2 Boston Road Billerica, MA.
    What is the lease rate?
    The lease rate is $500 /Mo.
    What are key features of this property?
    This property features: Great foot traffic location.; Rent includes heat, a/c, and electric.; Suitable for business use.
    (978) 667-2301
    We can help!
    Listing Contact
    Allan Arakelian
    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!