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    13 Alexander Rd Ste 2a Billerica, MA 01821-5000
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    Property profile & analytics

    13 Alexander Rd Ste 2a Billerica, MA 01821-5000

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    • Industrial properties
    • 3,804 SF
    Off-Market
    Last Sale Feb 19, 2020
    $1,335,000
    Property ID
    US38-1423548
    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
    $1,385,000
    Show details
    Cap Rate Potential
    2.8%
    Industrial properties
    Location Intelligence

    Current Use by Public Records

    • Constant Temperature Systems / Hardware & Home Improvement / HVAC Service
    • American Ink Jet Corporation / Industrial Manufacturer / Production Facility
    • C R Machine Co / Industrial Manufacturer / Factory
    • Safe Beginnings Inc. / Corporate Office
    • Fun Life Adult Day Care / Adult Day Care

    Property Details for 13 Alexander Rd Ste 2a

    Year built
    1986
    Construction
    STEEL FRAME
    Property size
    3,804 SF
    Property type
    Industrial properties
    APN
    BILL M:0073 B:0135 L:1-7
    APU
    BILLM0073B0135L17

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,450,000
      ML approach
      $1,415,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,070,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,055,000
      RETAIL STORES
      $1,025,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Billerica
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2165
    Latitude
    42.5496
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH 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
    $10,974
    $0.00
    $437,400
    $437,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      9.06 Acres

      High St

      INDUSTRIAL (GENERAL) • 9.06 Acres
      High St, Billerica, MA 01821
      View Details
    • Value Estimation
      $785,000
      7,748 SF

      13 Alexander Rd Ste 5a

      CONDOMINIUMS (INDUSTRIAL) • 7,748 SF
      13 Alexander Rd Ste 5a, Billerica, MA 01821-5000
      View Details
    • Value Estimation
      $14,140,000
      88,000 SF

      900 Middlesex Tpke

      INDUSTRIAL (GENERAL) • 88,000 SF
      900 Middlesex Tpke, Billerica, MA 01821-3929
      View Details
    • Value Estimation
      $2,035,000
      22,380 SF

      1 Progress Rd

      INDUSTRIAL (GENERAL) • 22,380 SF
      1 Progress Rd, Billerica, MA 01821-5731
      View Details
    • Value Estimation
      $18,470,000
      12.07 Acres

      780 Boston Rd

      INDUSTRIAL (GENERAL) • 12.07 Acres
      780 Boston Rd, Billerica, MA 01821-5917
      View Details
    • Value Estimation
      $10,050,000
      77,342 SF

      101-E Billerica Ave

      INDUSTRIAL (GENERAL) • 77,342 SF
      101-E Billerica Ave, Billerica, MA 01821
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Flex, R&D, and Office Building

      Two-story, 40,000 SF flex/R&D/office building in established park setting.
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    • $214,900
      0.24 Acres

      Buildable Land in Billerica, MA

      Approved 10,300 sq ft lot in a desirable location.
      17 Glenvale Ave, Billerica, MA 01821
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,000 SF

      Industrial Facility in Established Park

      61,200 SF industrial facility in Billerica, MA for lease.
      45 Dunham Rd, Billerica, MA 01821
      View Details
    • $4,000 /Mo

      Industrial Condo For Lease

      Well-maintained industrial condo with furnished office, available 6/1/26.
      77 Alexander Rd, Billerica, MA 01821
      View Details
    • Contact for pricing
      10,500 SF

      Billerica Flex Space Available

      Single-story building with 10,500 SF available for rent.
      8 Suburban Park Dr, Billerica, MA 01821
      View Details
    • Contact for pricing
      1,700 SF

      Technology Park Office/Industrial Space

      Multi-tenant office/industrial space in Billerica's Technology Park.
      700 Technology Park Dr, Billerica, MA 01821
      View Details
    • Contact for pricing
      16,153 SF

      Billerica Warehouse Space Available

      16,153 square foot warehouse space for lease.
      35 Dunham Rd, Billerica, MA 01821
      View Details
    • Contact for pricing
      37,500 SF

      Billerica Flex/Industrial Space Available

      20,000 SF flex/industrial space for lease in Billerica.
      900 Middlesex Rd, Billerica, MA 01821
      View Details
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    Billerica, MA 01821-5000
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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.

    More about this property
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