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Property profile & analytics
OFF-MARKET
Estimated value
$18,005,000
Life science properties
1000 Technology Park Dr, Billerica, MA 01821-4165
Entity Owned
3-yr Hold
Free & Clear
Property ID
US38-0218304
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1982
Construction
STEEL FRAME
Total area
138,988 SF
Lot
10 ac (435,600 SF)
Zoning code
5
APN
BILL M:0095 B:0129 L:6-2
UPID
US38-0218304
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
-
E Ink Corporation Corporate Office Business Park
-
Nuclera Corp Corporate Office
-
Howard A Mc Cabe Associates Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.01M
Owner & transaction history
E Ink Corp · 3 yrs held
E Ink Corp
since 2022
Last sale
$22.4M
6 recorded transactions
Zoning & alternative use
5 · Billerica, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$25.4M
+12.2%
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
$19,200,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL
$22,655,000
Current use
COMMERCIAL (GENERAL)
$25,420,000
Change: +12% · Conversion: Difficult
OFFICE BUILDING
$20,290,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$18.01M
Range $16.20M – $19.81M · ±10% · vs last sale $22.40M (Dec 1 2022)
Last sale anchor
$22.40M
Dec 1 2022
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
$130 / 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
Tax billed
$528,441
Tax year 2024
Assessed value
$21,061,800
Assessed 2024
Previous assessed
$17,902,600
+17.6% YoY
Effective rate
2.51%
On assessed value
Assessed land
$3,591,500
Assessed improvement
$17,470,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
1982
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
138,988 SF
Lot
10 ac (435,600 SF)
Zoning code
5
APN
BILL M:0095 B:0129 L:6-2
UPID
US38-0218304
Jurisdiction
BILLERICA
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
5 · Billerica, MA
Zoning 5 · permitted uses
5 · 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
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
Est. value
$22.7M
COMMERCIAL (GENERAL)
Est. value
$25.4M
OFFICE BUILDING
Est. value
$20.3M
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1982
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
10 ac
Current owner
From public records · entity-resolved
E Ink Corp
Entity
Free & Clear · 3 yrs held
Mailing address
1000 TECHNOLOGY PARK DR, BILLERICA, MA 01821-4165
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2022
$22,400,000
E Ink Corp
Tech Park 1&2 LP
Quit Claim Arm's Length For Ne States
—
Oct 31, 2013
—
Park 1 Tech
—
Deed Of Trust
related
$8,300,000 · Cambridge Savings Bank
Jul 13, 2010
$2,550,000
I Park
New Boston Meridian LLC
Grant Deed
—
Mar 19, 2004
$6,299,104
New Boston Meridian LLC
W9 Tib 4 Realty LLC
Grant Deed
$7,650,000 · Anglo Irish Bank Corp
Dec 11, 2002
—
W9/tib IV Rlty LLC
—
Deed Of Trust
related
$17,045,000 · Gmac Commercial Mortgage Corp
Dec 24, 1997
$10,400,000
W9/tib Real Est LP
Teachers Insur&annuity
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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