Property profile

40 RAY AVE 42 Burlington, MA 01803

OFF-MARKET
Gym, Health Spa
Property ID
US38-1170020
19,143 SF 1.78 ac lot Built 1972
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Property profile

Verified
Property type Gym, Health Spa
Year built 1972
Total area 19,143 SF
Lot 1.78 ac (77,537 SF)
Zoning code IG
APN BURL M:000054 P:003-
UPID US38-1170020

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
  • Spa & Massage Center
  • Gym & Fitness Center
  • Training Center

Location

40 RAY AVE, Unit 42 Burlington, MA 01803
Burlington metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

since 2019
Last sale
$2.0M
4 recorded transactions
2026
Price N/A
2021
Price N/A
2019
Price N/A
2017
Price N/A

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
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