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Property profile & analytics
OFF-MARKET
Estimated value
$3,270,000
Manufacturing properties
135 Rangeway Rd, North Billerica, MA 01862-2006
Entity Owned
29-yr Hold
~
Est. High Equity
Property ID
US38-0839438
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1968
Construction
STEEL FRAME
Total area
23,110 SF
Lot
10.79 ac (470,012 SF)
Zoning code
5
APN
BILL M:0029 B:0010 L:0
UPID
US38-0839438
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
-
Denison-Cannon Co Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.78M
Comparable Approach
Comparable
$3.59M
Blend (final)
Blend
$3.27M
Owner & transaction history
135 Rangeway LLC · 29 yrs held
135 Rangeway LLC
since 1996
7 recorded transactions
Zoning & alternative use
5 · North Billerica, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.3M
+66.2%
Commercial (general)
$4.2M
+31.9%
Office building
$3.4M
+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%
$4,095,000
6.5%
$3,780,000
7%
$3,510,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,205,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,325,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,225,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$3,435,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$3.27M
Range $2.94M – $3.60M · ±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
$141 / 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
$72,711
Tax year 2024
Assessed value
$2,898,000
Assessed 2024
Previous assessed
$2,463,400
+17.6% YoY
Effective rate
2.51%
On assessed value
Assessed land
$1,320,300
Assessed improvement
$1,577,700
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1968
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Total area
23,110 SF
Lot
10.79 ac (470,012 SF)
Zoning code
5
APN
BILL M:0029 B:0010 L:0
UPID
US38-0839438
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
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.3M
COMMERCIAL (GENERAL)
Est. value
$4.2M
OFFICE BUILDING
Est. value
$3.4M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1968
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Lot
10.79 ac
Current owner
From public records · entity-resolved
135 Rangeway LLC
Entity
Mailing address
PO BOX 20, NORTH BILLERICA, MA 01862-0020
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2010
—
135 Rangeway LLC
—
Deed Of Trust
related
$1,000,000 · Ma Business Development Corp
Nov 30, 2006
—
135 Rangeway LLC
—
Grant Deed
related
$5,500,000 · Wells Fargo Mortgage
Jun 19, 2003
—
135 Rangeway LLC
—
Deed Of Trust
related
$350,000 · Ma Business Development Corp
Mar 19, 2002
—
135 Rangeway LLC
—
Deed Of Trust
related
$875,000 · Warren Five Cts Savings
Sep 20, 2000
—
135 Rangeway LLC
—
Deed Of Trust
related
$628,000 · Warren Five Cts Savings
Jun 30, 1998
—
135 Rangeway Road
—
Deed Of Trust
related
$350,000 · Ma Business Development Corp
Nov 14, 1996
$675,000
135 Rangeway LLC
Rangeway RT
Grant Deed
related
$575,000 · Zenon Grzybowski
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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