Property profile

199 Boston Rd Billerica, MA 01862

FOR LEASE
Commercial real estate
Property ID
US38-1558294
13.23 ac lot
Individually Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Treble Cove Plaza, located at 199 Boston Rd in Billerica, MA (Middlesex County, zip code 01862), offers a prime retail opportunity within a well-established shopping center. This multi-tenant property boasts a total of 121,814 square feet of retail space. Currently, there is 19,174 square feet of vacant space available, divisible into units as small as 2,400 square feet, with a maximum contiguous space of 12,774 square feet. The property provides ample parking for customers and tenants with 475 spaces available. The property's location in Billerica, Massachusetts offers excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. The available space presents a unique chance to establish or expand a retail presence in a thriving community. Interested parties should inquire about the specific configurations and lease terms for the available spaces. The property is classified as a shopping center and is situated in Middlesex County. This is a multi-tenant property with significant potential for growth and success. The address is easily accessible and well-suited for high foot traffic.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 13.23 ac (576,268 SF)
APN BILL M:0022 B:0011 L:1
UPID US38-1558294

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
  • Restaurant
  • Cafe & Coffee Shop
  • Nail Salon
  • Credit Union
  • Shopping Center & Mall

Location

199 Boston Rd Billerica, MA 01862
Billerica metro Census 316500 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2020
6 recorded transactions
2020
Price N/A
2014
Price N/A
1992
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

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
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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
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