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Property profile & analytics
FOR LEASE
Life science properties
16 Esquire Rd, Billerica, MA 01862
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-1490315
For Lease
$17,895,000
16 Esquire Rd, Billerica, MA 01862
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Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1988
Construction
STEEL FRAME
Total area
101,083 SF
Lot
12.15 ac (529,254 SF)
Zoning code
5
APN
BILL M:0048 B:0023 L:1
UPID
US38-1490315
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
-
Telsonic Solutions Professional Services
-
Eltiv Travel Travel Agency
-
Breas Medical, Inc Production Facility
-
Parisi Associates Association Or Organization
-
Restaurant Technologies Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.43M
Blend (final)
Blend
$17.90M
Owner & transaction history
Bgo 16 Esquire Owner LLC · 5 yrs held
Bgo 16 Esquire Owner LLC
since 2021
Last sale
$19.4M
2 recorded transactions
Zoning & alternative use
5 · North Billerica, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$29.3M
+78.1%
Auto repair, garage
$28.5M
+72.7%
Neighborhood: shopping center
$28.0M
+70.0%
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
$18,350,000
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
$16,480,000
Current use
RESTAURANT
$29,345,000
Change: +78% · Conversion: Difficult
AUTO REPAIR, GARAGE
$28,450,000
Change: +73% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$28,005,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$27,250,000
Change: +65% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$23,290,000
Change: +41% · Conversion: Difficult
COMMERCIAL (GENERAL)
$18,490,000
Change: +12% · Conversion: Difficult
OFFICE BUILDING
$15,030,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$17.90M
Range $16.11M – $19.68M · ±10% · vs last sale $19.40M (Mar 22 2021)
Last sale anchor
$19.40M
Mar 22 2021
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
$177 / 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
$232,190
Tax year 2024
Assessed value
$9,254,300
Assessed 2024
Previous assessed
$8,973,500
+3.1% YoY
Effective rate
2.51%
On assessed value
Assessed land
$2,574,400
Assessed improvement
$6,679,900
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
For Lease
Year built
1988
Construction
STEEL FRAME
Heating
SPACE
Cooling
YES
Buildings
1
Stories
1
Units
7
Total area
101,083 SF
Lot
12.15 ac (529,254 SF)
Zoning code
5
APN
BILL M:0048 B:0023 L:1
UPID
US38-1490315
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
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
Est. value
$16.5M
RESTAURANT
Est. value
$29.3M
AUTO REPAIR, GARAGE
Est. value
$28.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$28.0M
RETAIL STORES
Est. value
$27.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$23.3M
COMMERCIAL (GENERAL)
Est. value
$18.5M
OFFICE BUILDING
Est. value
$15.0M
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1988
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
1
Units
7
Lot
12.15 ac
Current owner
From public records · entity-resolved
Bgo 16 Esquire Owner LLC
Entity
Mailing address
7315 WISCONSIN AVE STE 200W, BETHESDA, MD 20814-3223
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2021
$19,400,000
Bgo 16 Esquire Owner LLC
16 Esquire Road LLC
Quit Claim Arm's Length For Ne States
$90,550,000 · Bank Of America NA
Jan 3, 2019
$9,990,820
16 Esquire Road LLC
Wakefield Invs INC
Quit Claim Deed
$16,800,000 · Miscellaneous Ins Co
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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