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    75 Jackson Rd Devens, MA 01434
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    75 Jackson Rd, Devens, MA 01434

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    • Industrial land
    • 12.90 lot acres
    For Lease
    View Listing →
    Devens Flex/Industrial/Warehouse Space For Lease
    Contact for pricing
    230,000 SF

    Devens Flex/Industrial/Warehouse Space

    230,000 sqft flex, industrial, and warehouse space for rent.

    Harvard, MA 01434
    View Listing
    Property ID
    US38-2189230
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial land

    Property Details for 75 Jackson Rd

    Lot size
    12.90 lot acres
    Zone code
    4
    Property type
    Industrial land
    APN
    DEVE M:018.0 B:0021 L:0900.0
    APU
    DEVEM0180B0021L09000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 14, 2024 — King 75 Jackson LLC — Deed · related $74.8M · First Citizen B&t Co
    Jan 9, 2024 — King 75 Jackson LLC King Devens LLC Quit Claim Deed · related —
    Jul 29, 2020 $4,707,170 King Devens LLC Mass Dev Fin Agcy Quit Claim Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Devens
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.6294
    Latitude
    42.5284
    CBSA code
    49340
    CBSA name
    WORCESTER, MA-CT 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
    $24,270
    $1,391,600
    $0.00
    $1,391,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      INDUSTRIAL - VACANT LAND
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    • Value Estimation
      $1,150,000
      9.10 Acres

      35 Saratoga Blvd

      INDUSTRIAL - VACANT LAND
      35 Saratoga Blvd, Devens, MA 01434-5216
      View Details
    • Value Estimation by Request
      23.50 Acres

      138 Barnum Rd

      INDUSTRIAL - VACANT LAND
      138 Barnum Rd, Devens, MA 01434-3506
      View Details
    • Value Estimation
      $1,370,000
      11.50 Acres

      105 Hospital Rd

      INDUSTRIAL - VACANT LAND
      105 Hospital Rd, Devens, MA 01434-4210
      View Details
    • Value Estimation
      $1,205,000
      11.00 Acres

      151 Barnum Rd

      INDUSTRIAL - VACANT LAND
      151 Barnum Rd, Devens, MA 01434-3509
      View Details
    • Value Estimation by Request
      5.60 Acres

      31 Independence Dr

      INDUSTRIAL - VACANT LAND
      31 Independence Dr, Devens, MA 01434-5215
      View Details

    Similar Nearby for Sale

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      Mixed-Use Commercial Building and Lot

      Versatile commercial building and lot suitable for various business uses.
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      Mixed-Use Commercial Building and Lot

      Versatile commercial property rebuilt in 2015, superb visibility.
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      Mixed-Use Building and Lot

      Versatile commercial property rebuilt in 2015, superb visibility.
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    Similar Nearby for Lease

    • Contact for pricing

      Industrial Build-to-Suit Opportunity

      100,000 SF build-to-suit industrial space on 5.6 acres.
      31 Independence Dr, Devens, MA 01434
      View Details
    • Contact for pricing
      70,240 SF

      Flex Space in Devens Industrial Park

      70,240 SF flex building suitable for various uses.
      78 Barnum Rd, Harvard, MA 01434
      View Details
    • Contact for pricing

      Available Distribution Space Near Highway

      Class A distribution space available near major transportation routes.
      Devens, MA 01434
      View Details
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      20,000 SF

      Biomanufacturing Space in Devens, MA

      80,000 SF biomanufacturing space available for lease.
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      14,000 SF

      Devens Office Space For Rent

      14000 square feet of office space available for lease.
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      31,914 SF

      Distribution Space Available For Lease

      Class A distribution space available for lease.
      66 Saratoga Blvd, Devens, MA 01434
      View Details
    View Listing
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    Devens, MA 01434
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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.

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