Property profile

28 Ray Ave Burlington, MA 01803

OFF-MARKET
Life science properties
Property ID
US38-1185913
14,400 SF 1.32 ac lot Built 1972
Individually Owned 32-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 1972
Construction STEEL FRAME
Total area 14,400 SF
Lot 1.32 ac (57,499 SF)
Zoning code IG
APN BURL M:000054 P:003-18
UPID US38-1185913

Cap rate & NOI

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

Location

28 Ray Ave Burlington, MA 01803-4721
Burlington metro Census 332201 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$445k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

since 1993
3 recorded transactions
2026
Price N/A
2010
Price N/A
1993
$748,800

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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