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Property profile & analytics
FOR LEASE
Industrial properties
101 Billerica Ave, North Billerica, MA 01862
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-0694282
For Lease
1 / 3
$10,525,000
101 Billerica Ave, North Billerica, MA 01862
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1986
Construction
STEEL FRAME
Total area
77,342 SF
Lot
4.85 ac (211,222 SF)
Zoning code
5
APN
BILL M:0003 B:0002 L:8
UPID
US38-0694282
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
-
SMTC Factory Production Facility
-
Belcan, LLC Employment Agency
-
AVI-SPL IT Consulting Firm Tech Support Center
-
J&J Contractors, Inc Construction Company General Contractor
-
DGI Communications IT Consulting Firm Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.66M
Comparable Approach
Comparable
$11.26M
Blend (final)
Blend
$10.53M
Owner & transaction history
Gvii-c Billerica Owner Ll · 1 yrs held
Gvii-c Billerica Owner Ll
since 2025
3 recorded transactions
Zoning & alternative use
5 · North Billerica, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$14.1M
+31.9%
Office building
$11.5M
+7.2%
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 North Billerica submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,710,000
6.5%
$12,655,000
7%
$11,755,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$10,725,000
Current use
COMMERCIAL (GENERAL)
$14,145,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$11,500,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$10.53M
Range $9.47M – $11.58M · ±10%
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
$136 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$271,754
Tax year 2021
Assessed value
$9,091,800
Assessed 2021
Previous assessed
$8,798,500
+3.3% YoY
Effective rate
2.99%
On assessed value
Assessed land
$1,375,100
Assessed improvement
$7,716,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
77,342 SF
Lot
4.85 ac (211,222 SF)
Zoning code
5
APN
BILL M:0003 B:0002 L:8
UPID
US38-0694282
Jurisdiction
BILLERICA
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
5 · North Billerica, MA
Zoning 5 · permitted uses
5 · North Billerica, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Billerica. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$10.7M
COMMERCIAL (GENERAL)
Est. value
$14.1M
OFFICE BUILDING
Est. value
$11.5M
INDUSTRIAL (GENERAL) 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
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
4.85 ac
Current owner
From public records · entity-resolved
Gvii-c Billerica Owner Ll
Individual
Mailing address
100 GRANDVIEW RD STE #312, BRAINTREE, MA 02184-2691
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2025
$74,500,000
Gvii-c Billerica Owner Ll
Wcv-101 Billerica LLC
Deed
$59,259,000 · M & T Bank
Jun 17, 2025
$4,500,000
Gvii-c Billerica Owner II
Wcv-101 Billerica LLC
Deed
$59,259,000 · M & T Bank
May 13, 2021
$60,650,000
Wcv-101 Billerica LLC
West Cdyn Venture LLC
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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