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

    35 Corporate Dr Burlington, MA 01803-4223

    • Office buildings
    • 119,414 SF
    • 7.37 lot acres
    OFF-MARKET
    Value Estimations
    $27,110,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1625567
    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

    • Booz Allen Hamilton / Consultant
    • Comtex News Network Inc / (Bike/Boat/Book/etc) Store / Newspaper & Magazine
    • FedEx Drop Box / Postal Service / Courier Service
    • APB Mortgage / Loan Service / Bank
    • Eastern Corporate Fed CU / Credit Union

    Property Details for 35 Corporate Dr

    Year built
    1997
    Construction
    STEEL FRAME
    Lot size
    7.37 lot acres
    Property size
    119,414 SF
    Zone code
    PD
    Property type
    Office buildings
    APN
    BURL M:000042 P:000005
    APU
    BURLM000042P000005

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $28,962,000
      Market price range: $9.13M - $29.0M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $21,905,000
      Current use
      RESTAURANT
      $34,670,000
      Change: +58% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $33,610,000
      Change: +53% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $33,085,000
      Change: +51% Conversion: Difficult
      RETAIL STORES
      $32,190,000
      Change: +47% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $30,860,000
      Change: +41% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $27,515,000
      Change: +26% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $18,330,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1892
    Latitude
    42.4929
    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
    $643,074
    $4,378,700
    $20,537,000
    $24,915,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,785,000
      28,150 SF

      101 Cambridge St

      OFFICE BUILDING • 28,150 SF
      101 Cambridge St, Burlington, MA 01803-3766
      View Details
    • Value Estimation
      $23,440,000
      107,596 SF

      600 District Ave

      OFFICE BUILDING • 107,596 SF
      600 District Ave, Burlington, MA 01803-5046
      View Details
    • Value Estimation
      $9,060,000
      41,096 SF

      1500 District Ave

      OFFICE BUILDING • 41,096 SF
      1500 District Ave, Burlington, MA 01803-5069
      View Details
    • Value Estimation by Request
      146,100 SF

      3 Burlington Woods Dr

      OFFICE BUILDING • 146,100 SF
      3 Burlington Woods Dr, Burlington, MA 01803-4532
      View Details
    • Value Estimation
      $1,505,000
      19,599 SF

      121 Middlesex Tpke

      OFFICE BUILDING • 19,599 SF
      121 Middlesex Tpke, Burlington, MA 01803-4930
      View Details
    • Value Estimation
      $635,000
      7,200 SF

      25 Ray Ave

      OFFICE BUILDING • 7,200 SF
      25 Ray Ave, Burlington, MA 01803-4762
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Turnkey tailor and dry clean drop off store for sale.
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      0.25 Acres

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      Prime 0.25-acre lot, ideal for development.
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      10,000 SF

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      Retail property featuring a flexible floor plan and ample parking.
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    • $2,470,000
      5,780 SF

      Burlington Retail Property For Sale

      5,780 SF vacant retail property on 0.50 acres.
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      Restaurant/Retail Building For Sale

      Restaurant/retail building with two NNN leases and development potential.
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    Similar Nearby for Lease

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      25,054 SF

      New LEED Certified Office Building

      New five-story LEED certified office building near Route 128.
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      View Details
    • Contact for pricing

      Office HQ / Life Science Opportunity

      200,000 SF build-to-suit office, lab, and R&D space.
      5 Blue Sky Dr, Burlington, MA 01803
      View Details
    • Contact for pricing
      41,014 SF

      Burlington Office Building For Rent

      Class B office building near Route 128 and Route 3.
      76 Blanchard Rd, Burlington, MA 01803
      View Details
    • Contact for pricing
      227,819 SF

      Office Space with Campus Amenities

      Office building for rent with full-service amenities.
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      View Details
    • Contact for pricing
      12,300 SF

      Burlington Office Building Near I-95

      Two-story office building in Burlington, Massachusetts, with prime highway access.
      155 Middlesex Tpke, Burlington, MA 01803
      View Details
    • Contact for pricing
      20,463 SF

      Burlington Office Space For Rent

      First-class four-story office building in Burlington near Route 128.
      30 Corporate Dr, Burlington, MA 01803
      View Details
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    35 Corporate Dr
    Burlington, MA 01803-4223
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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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