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    199 Boston Rd Billerica, MA 01862

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    199 Boston Rd Billerica, MA 01862

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    • Commercial real estate
    • 13.23 lot acres
    For Lease
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    Retail Space Available For Rent For Lease
    Contact for pricing

    Retail Space Available For Rent

    Retail space available for rent at 199 Boston Rd.

    199 Boston Rd, Billerica, MA 1862
    View Listing
    Property ID
    US38-1558294
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 7 Nana Japanese Steakhouse / Restaurant
    • Starbucks / Cafe & Coffee Shop
    • Golden Nails / Nail Salon
    • Hanscom Federal Credit Union / Credit Union
    • Treble Cove Plaza / Shopping Center & Mall

    Property Details for 199 Boston Rd

    Lot size
    13.23 lot acres
    Property type
    Commercial real estate
    APN
    BILL M:0022 B:0011 L:1
    APU
    BILLM0022B0011L1

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Billerica
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2892
    Latitude
    42.5806
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $489,549
    $7,948,000
    $7,714,500
    $15,662,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,002 SF

      131 Boston Rd Ste, Unit 7

      COMMERCIAL CONDOMINUIM • 1,002 SF
      131 Boston Rd Ste, North Billerica, MA 01862-1300
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    • Value Estimation
      $545,000
      2,384 SF

      315 Boston Rd

      SHOW ROOM, WAREHOUSE • 2,384 SF
      315 Boston Rd, North Billerica, MA 01862-2635
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    • Value Estimation by Request
      1,091 SF

      131 Boston Rd Ste, Unit 10

      COMMERCIAL CONDOMINUIM • 1,091 SF
      131 Boston Rd Ste, North Billerica, MA 01862-1300
      View Details
    • Value Estimation by Request
      0.63 Acres

      346 Boston Rd

      COMMERCIAL (GENERAL) • 0.63 Acres
      346 Boston Rd, North Billerica, MA 01862-2625
      View Details
    • Value Estimation
      $505,000
      3,070 SF

      216 Pond St

      COMMERCIAL (GENERAL) • 3,070 SF
      216 Pond St, North Billerica, MA 01862-1919
      View Details
    • Value Estimation by Request
      0.47 Acres

      6 Riveredge Rd

      COMMERCIAL (GENERAL) • 0.47 Acres
      6 Riveredge Rd, North Billerica, MA 01862-3029
      View Details

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      Flex space with tailboard, located on Route 3A.
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      Retail Space in North Billerica

      Retail space with flexible zoning in a high-traffic location.
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    • $775,000
      3,706 SF

      Industrial Warehouse Condo For Sale

      3706 SF industrial warehouse condo with mezzanine office.
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    Similar Nearby for Lease

    • $500 /Mo

      Retail Space with High Foot Traffic

      Retail space available for sublease with utilities included.
      2 Boston Rd, Billerica, MA 01862
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    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent at 199 Boston Rd.
      199 Boston Rd, Billerica, MA 01862
      View Details
    • Contact for pricing

      Industrial Building For Sale/Lease

      38,900 SF free-standing industrial building available for sale or lease.
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      5,655 SF

      Billerica Flex Park Space Available

      Two-building flex park totaling 69,250 SF for lease.
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    • Contact for pricing
      10,411 SF

      Flex/R&D/Office Space Available

      450,000 SF flex/R&D/office space for growing companies.
      101 Billerica Ave, North Billerica, MA 01862
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    • Contact for pricing
      4,826 SF

      Flex/Lab Space in Forest Ridge

      Office, flex, and lab space minutes from Route 3.
      85 Rangeway Rd, North Billerica, MA 01862
      View Details
    View Listing
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    Billerica, MA 01862
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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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    199 Boston Rd, Billerica, MA, 01862

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