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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    25 Olympia Ave Woburn, MA 01801

    • Warehouses
    • 43,200 SF
    • 3.18 lot acres
    For Lease
    View listing
    Last Sale
    Jun 22, 2023
    Value Estimations
    $590,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1517540
    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.

    Current Use by Public Records

    • Graham Engineering / Audio Visual Equipment Supplier / Stereo Repair Service
    • Pro Quip Inc / Material Handling Equipment Supplier
    • CONTINUUS Pharmaceuticals / Pharmaceutical Company
    • Well Done Services Inc / Janitorial Service
    • Ask Diagnostics / Medical Clinic

    Property Details for 25 Olympia Ave

    Year built
    1984
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.18 lot acres
    Property size
    43,200 SF
    Zone code
    I-P
    Property type
    Warehouses
    APN
    WOBU M:26 B:02 L:05 U:00
    APU
    WOBUM26B02L05U00

    Description

    This Woburn, MA property at 25 Olympia Ave offers 43,200 square feet of Class B industrial space, ideal for flex, R&D, or lab uses. The building, constructed in 1984, is situated in Middlesex County and boasts a convenient location with easy access to major transportation routes (specific details not provided). Currently, there are 18,682 square feet of vacant space available, divisible into units ranging from a minimum of 778 square feet to a maximum contiguous space of 16,104 square feet. This presents a unique opportunity for businesses seeking flexible and adaptable workspaces. The multiple tenancy structure allows for a diverse range of occupants, fostering a collaborative and dynamic environment. The property's 01801 zip code ensures easy access to local amenities and services. This is a prime opportunity to secure space in a well-maintained building with a proven track record in a desirable location. The available space is adaptable to various needs, making it suitable for a wide range of businesses. Interested parties should inquire about specific lease terms and conditions. The building's existing infrastructure and layout provide a solid foundation for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $535,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $647,000
      Market price range: $639k - $1.84M

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

    Location Insight

    • Map
    • Local Demand
    City
    Woburn
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1307
    Latitude
    42.5002
    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
    2024
    $56,521
    $1,202,400
    $1,663,800
    $2,866,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $450,000
      56,184 SF

      10 Atlantic Ave

      WAREHOUSE, STORAGE • 56,184 SF
      10 Atlantic Ave, Woburn, MA 01801-5187
      View Details
    • Value Estimation
      $565,000
      113,750 SF

      32 Cedar St

      WAREHOUSE, STORAGE • 113,750 SF
      32 Cedar St, Woburn, MA 01801
      View Details
    • Value Estimation
      $530,000
      55,600 SF

      2 Gill St

      WAREHOUSE, STORAGE • 55,600 SF
      2 Gill St, Woburn, MA 01801-1721
      View Details
    • Value Estimation
      $665,000
      43,736 SF

      27 Gill St

      WAREHOUSE, STORAGE • 43,736 SF
      27 Gill St, Woburn, MA 01801
      View Details
    • Value Estimation
      $560,000
      27,867 SF

      73 Holton St

      WAREHOUSE, STORAGE • 27,867 SF
      73 Holton St, Woburn, MA 01801-5200
      View Details
    • Value Estimation
      $435,000
      16,926 SF

      10 Linscott Rd

      WAREHOUSE, STORAGE • 16,926 SF
      10 Linscott Rd, Woburn, MA 01801-2044
      View Details

    Similar Nearby for Sale

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    • $975,000
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      Woburn Commercial Land - 4.5 Acres

      Prime Woburn location, R-2 zoned, development opportunity.
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    Similar Nearby for Lease

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      Woburn Industrial Building For Lease

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      3,082 SF

      Woburn Warehouse with Mezzanine Office

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    • $25 SF/Yr
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      Woburn Flex Building For Lease

      4,800 SF flex building suitable for various operations.
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      View Details
    • $25 SF/Yr
      4,950 SF

      Woburn Warehouse/R&D Space Available

      Warehouse/R&D space with heavy power, natural gas, and easy access.
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      View Details
    • Contact for pricing
      12,500 SF

      Woburn Industrial/Warehouse Space Available

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      View Details
    • Contact for pricing
      27,500 SF

      Woburn Flex, Warehouse, Cold Storage

      27,500 SF flex, warehouse, and refrigerated space available for lease.
      7 State St, Woburn, MA 01801
      View Details
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    25 Olympia Ave
    Woburn, MA 01801
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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.

    More about this property
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