Property profile

21 Ray Ave Burlington, MA 01803

OFF-MARKET
Life science properties
Property ID
US38-1181606
10,000 SF 0.66 ac lot Built 1965
Entity Owned 14-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Life science properties
Use group R&D FACILITY, LABS, PHARMA
Year built 1965
Construction STEEL FRAME
Total area 10,000 SF
Lot 0.66 ac (28,641 SF)
Zoning code IG
APN BURL M:000054 P:0003-9
UPID US38-1181606

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
  • HVAC Service General Contractor

Location

21 Ray Ave Burlington, MA 01803-4720
Burlington metro Census 332201 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$430k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2012
7 recorded transactions
2012
$975,000
2004
Price N/A
2000
Price N/A
1995
Price N/A
1992
$330,000
1991
$796,675
1990
$800,000

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

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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