Property profile

155 Middlesex Tpke Burlington, MA 01803

FOR LEASE
Life science properties
Property ID
US38-0640065
12,300 SF 1.1 ac lot Built 1968
Entity Owned 2-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This well-located Burlington, MA office building at 155 Middlesex Turnpike offers multiple leasing opportunities in a Class B, two-story building totaling 12,300 square feet. Built in 1968, the property features a thoughtfully designed layout with abundant natural light thanks to expansive windows. Currently, 6,074 square feet of space is available, divisible into units ranging from a minimum of 1,447 square feet to a maximum contiguous space of 3,071 square feet. The building is ideally suited for a variety of businesses seeking flexible and functional office space. Ample parking is provided with 55 surface spots. The property's location in Middlesex County, MA, offers easy access to major transportation routes and amenities, making it a convenient and attractive option for employees and clients alike. This is a fantastic opportunity to secure prime office space in a desirable Burlington location. The building's traditional office design provides a professional and comfortable work environment. The available space is perfect for businesses seeking a well-maintained and conveniently located office in a thriving community. The flexible space options allow for customization to meet specific business needs. Don't miss this chance to establish your business in this attractive and functional office building.

Property profile

Verified
Property type Life science properties
Use group R&D FACILITY, LABS, PHARMA
Year built 1968
Construction STEEL FRAME
Total area 12,300 SF
Lot 1.1 ac (47,916 SF)
Zoning code IG
APN BURL M:000039 P:000014
UPID US38-0640065

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Insurance Agency
  • IT Consulting Firm (Bike/Boat/Book/etc) Store
  • Tutoring Service
  • (Bike/Boat/Book/etc) Store Corporate Office

Location

155 Middlesex Tpke Burlington, MA 01803
Burlington metro Census 332401 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.51M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.45M
Blend (final) Blend
$3.31M

Owner & transaction history

since 2023
Last sale
$3.7M
7 recorded transactions
2024
Price N/A
2023
$3.7M
2019
Price N/A
2017
$2.2M
2004
Price N/A
2002
$100,000
1999
$810,000

Zoning & alternative use

IG · Burlington, MA
Zoning description

The Planning Board may grant a Special Permit for a restaurant use within a General Industrial (IG) District, subject to the following restrictions: 10.4.1 Purpose The purpose of allowing restaurants by Special Permit wi…

General category INDUSTRIAL
Top alternative use upside
Restaurant $3.6M +78.1%
Auto repair, garage $3.5M +72.7%
Neighborhood: shopping center $3.4M +70.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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