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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Investment properties
164 Concord Rd, Billerica, MA 01821-4658
Entity Owned
Property ID
US38-0765306
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1812
Construction
FRAME
Total area
4,575 SF
Lot
0.63 ac (27,290 SF)
Zoning code
2
APN
BILL M:0069 B:0077 L:1
UPID
US38-0765306
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
-
Fitzpatrick & Goguen CPAs P.C. Accounting Firm
-
Independent Financial Advisory Inc. Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$950k
CAP Approach
CAP
$1.16M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$995k
Owner & transaction history
164 Concord Road LLC
164 Concord Road LLC
since 2025
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
2 · Billerica, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+53.9%
Neighborhood: shopping center
$1.3M
+51.5%
Retail stores
$1.2M
+47.4%
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
$920,000
ML approach
$950,000
CAP Approach
CAP Return
Estimation
6%
$1,260,000
6.5%
$1,160,000
7%
$1,080,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$835,000
Current use
AUTO REPAIR, GARAGE
$1,290,000
Change: +54% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,270,000
Change: +51% · Conversion: Difficult
RETAIL STORES
$1,235,000
Change: +47% · Conversion: Easy
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10% · vs last sale $1.05M (Mar 31 2025)
Last sale anchor
$1.05M
Mar 31 2025
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
$217 / 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
Assessed value
$736,900
Assessed 2024
Previous assessed
$718,600
+2.5% YoY
Assessed land
$282,100
Assessed improvement
$454,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1812
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
2
Units
1
Rooms
8
Bathrooms
3
Total area
4,575 SF
Lot
0.63 ac (27,290 SF)
Zoning code
2
APN
BILL M:0069 B:0077 L:1
UPID
US38-0765306
Jurisdiction
BILLERICA
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
2 · Billerica, MA
Zoning 2 · permitted uses
2 · Billerica, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Billerica. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1812
Construction
FRAME
Heating
STEAM
Stories
2
Buildings
1
Units
1
Rooms
8
Bathrooms
3
Lot
0.63 ac
Current owner
From public records · entity-resolved
164 Concord Road LLC
Entity
Mailing address
164 CONCORD RD, BILLERICA, MA 01821-4658
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2025
—
164 Concord Road LLC
Jason B Tholander
Quitclaim Deed
related
—
Mar 31, 2025
$1,052,300
Jason B Tholander
Brian D Goguen
Deed
$1,052,000 · Thomas M Metzold
Dec 6, 2012
—
Brian D Goguen
—
Deed Of Trust
related
$356,000 · First Federal Bank
Oct 17, 2011
—
Brian Goguen
—
Deed Of Trust
related
$385,000 · Nationstar Mortgage LLC
Dec 8, 2010
—
Brian D Goguen
—
Deed Of Trust
related
$395,000 · Plaza Home Mortgage INC
Jun 1, 2009
—
Brian D Goguen
—
Deed Of Trust
related
$407,000 · Provident Funding Group INC
Feb 23, 2004
—
Brian D Goguen
—
Deed Of Trust
related
$50,000 · Bank One NA
Jun 6, 2003
$460,000
Brian D Goguen
Casey,doris L
Grant Deed
$368,000 · Bank Of America
Mar 14, 2003
$1
Doris L Casey
Casey,doris L
Grant Deed
related
—
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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