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Property profile & analytics
OFF-MARKET
Estimated value
$3,285,000
Warehouses
12 Esquire Rd, North Billerica, MA 01862-2502
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-0503741
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1975
Construction
STEEL FRAME
Total area
58,400 SF
Lot
3.2 ac (139,392 SF)
Zoning code
5
APN
BILL M:0048 B:0016 L:1
UPID
US38-0503741
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
-
SSG Pools General Contractor
-
GSP Air - Compressed Air Tank Refills & Inspection (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.29M
Owner & transaction history
12 Esquire Owner LLC · 3 yrs held
12 Esquire Owner LLC
since 2022
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
5 · North Billerica, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,995,000
ML approach
$3,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.29M
Range $2.96M – $3.61M · ±10% · vs last sale $3.49M (Sep 12 2022)
Last sale anchor
$3.49M
Sep 12 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
$56 / 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
$228,051
Tax year 2024
Assessed value
$9,089,300
Assessed 2024
Previous assessed
$3,909,200
+132.5% YoY
Effective rate
2.51%
On assessed value
Assessed land
$998,000
Assessed improvement
$8,091,300
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1975
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
2
Total area
58,400 SF
Lot
3.2 ac (139,392 SF)
Zoning code
5
APN
BILL M:0048 B:0016 L:1
UPID
US38-0503741
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.
Building & site characteristics
From public records
Year built
1975
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
2
Lot
3.2 ac
Current owner
From public records · entity-resolved
12 Esquire Owner LLC
Entity
Mailing address
261 5TH AVE RM #1501, NEW YORK, NY 10016-7703
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2025
—
12 Esquire Owner LLC
—
Deed
related
$23,000,000 · Recs Lender LLC
Sep 12, 2022
$3,493,750
12 Esquire Owner LLC
Gre Realty Management LLC
Quit Claim Arm's Length For Ne States
—
Sep 12, 2022
$7,256,250
12 Esquire Owner LLC
Gre Realty Mgmt II LLC
Quit Claim Arm's Length For Ne States
$7,000,000 · Cre Credit Fund IV Or
Jul 8, 2015
—
Gre Realty Management 2
12 Esquire Road LLC
Quit Claim Deed
related
—
Jul 21, 2014
—
Gre Realty Management LLC
12 Esquire Rd LLC
Quit Claim Deed
related
—
May 7, 2014
$3,600,000
12 Esquire Road LLC
Esquire RT
Quit Claim Arm's Length For Ne States
$3,240,000 · Leader Bank NA
Apr 8, 2011
$1
Esquire RT
12 Esquire Realty LLC
Grant Deed
—
Oct 8, 2004
$1
Esquire Road RT 12
E&g INC
Grant Deed
related
—
Aug 27, 2002
—
Esquire Road RT 12
—
Deed Of Trust
related
$2,100,000 · Lawrence Savings Bank
Jun 4, 2002
—
E&g INC
—
Deed Of Trust
related
$2,062,500 · Lawrence Savings Bank
Mar 29, 1999
—
E & G INC
—
Deed Of Trust
related
$1,600,000 · Lawrence Savings Bank
Jan 11, 1999
$2,140,000
E&g INC
Atlantic Bill Rlty LLC
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.
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