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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Investment properties
1 Everett Farmer Rd Billerica, MA 01821-5335
Individually Owned
5-yr Hold
Property ID
US38-0387344
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1946
Construction
WOOD FRAME
Total area
1,771 SF
Lot
1.71 ac (74,531 SF)
Zoning code
4
APN
BILL M:0080 B:0072 L:2
UPID
US38-0387344
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Phil Farmer Development Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$825k
CAP Approach
CAP
$450k
Comparable Approach
Comparable
$407k
Blend (final)
Blend
$640k
Owner & transaction history
1 Everett Farmer Rd · 5 yrs held
1 Everett Farmer Rd
since 2020
Last sale
$680,000
7 recorded transactions
Zoning & alternative use
4 · Billerica, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$500,000
+53.9%
Neighborhood: shopping center
$490,000
+51.5%
Retail stores
$475,000
+47.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Billerica submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Billerica submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$810,000
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
$485,000
6.5%
$450,000
7%
$415,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$500,000
Change: +54% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$490,000
Change: +51% · Conversion: Difficult
RETAIL STORES
$475,000
Change: +47% · Conversion: Easy
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $680k (Dec 16 2020)
Last sale anchor
$680k
Dec 16 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$361 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Assessed value
$618,900
Assessed 2024
Previous assessed
$567,800
+9.0% YoY
Assessed land
$366,500
Assessed improvement
$252,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1946
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
7
Bathrooms
1
Total area
1,771 SF
Lot
1.71 ac (74,531 SF)
Zoning code
4
APN
BILL M:0080 B:0072 L:2
UPID
US38-0387344
Jurisdiction
BILLERICA
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
4 · Billerica, MA
Zoning 4 · permitted uses
4 · Billerica, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Billerica. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$500,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$490,000
RETAIL STORES
Est. value
$475,000
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1946
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
7
Bathrooms
1
Lot
1.71 ac
Current owner
From public records · entity-resolved
1 Everett Farmer Rd
Individual
Mailing address
1 EVERETT FARMER RD, BILLERICA, MA 01821-5335
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2020
—
1 Everett Farmer Rd
Derek R Wagner
Quit Claim Deed
related
—
Jul 27, 2018
$680,000
1 Everett Farmer Rd LP
Philip C Farmer
Quit Claim Arm's Length For Ne States
$510,000 · Stoneham Cooperative Bank
Aug 14, 2013
—
Philip C Farmer
—
Deed Of Trust
related
$175,000 · Northmark Bank
Feb 17, 2009
—
Philip Corey Farmer
—
Deed Of Trust
related
$135,000 · Northmark Bank
Feb 9, 2009
—
Philip Corey Farmer
—
Deed Of Trust
related
$100,000 · Northmark Bank
Jun 29, 2007
—
Philip Corey Farmer
—
Deed Of Trust
related
$395,000 · Northmark Bank
Aug 26, 2003
—
Farmer,philip Corey
—
Grant Deed
related
$160,000 · Northmark Bank
Oct 27, 2000
—
Philip Corey Farmer
—
Deed Of Trust
related
$175,000 · Northmark Bank
Sep 21, 2000
$200,000
Philip Corey Farmer
Dew Farm RT
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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