Property profile

62 Middlesex Tpke Burlington, MA 01803

OFF-MARKET
Manufacturing properties
Property ID
US38-1147965
6,996 SF 0.5 ac lot Built 1956
Entity Owned 20-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property consists of a 7,056-square-foot commercial building. It is located in proximity to the Burlington Mall and near a larger commercial hub district that includes over one million square feet of office and retail space. The building is configured for commercial use and supports multiple potential commercial applications, consistent with its existing commercial building format.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1956
Construction FRAME
Total area 6,996 SF
Lot 0.5 ac (21,771 SF)
Zoning code IG
APN BURL M:000056 P:000014
UPID US38-1147965

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
  • Moving Company
  • Auto Repair Shop
  • Marketing & Advertising IT Consulting Firm

Location

62 Middlesex Tpke Burlington, MA 01803-4921
Burlington metro Census 332402 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$890k
Blend (final) Blend
$320k

Owner & transaction history

since 2005
5 recorded transactions
2022
Price N/A
2005
$680,000
2002
Price N/A
1995
$425,000
1988
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

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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