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Property profile & analytics
OFF-MARKET
Estimated value
$7,315,000
Warehouses
18 Esquire Rd, North Billerica, MA 01862-2502
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-0410068
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
STEEL FRAME
Total area
42,431 SF
Lot
11.84 ac (515,576 SF)
APN
BILL M:0048 B:0011 L:1
UPID
US38-0410068
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.21M
CAP Approach
CAP
$8.43M
Comparable Approach
Comparable
$5.65M
Blend (final)
Blend
$7.32M
Owner & transaction history
Bgo 18 Esquire Owner LLC · 5 yrs held
Bgo 18 Esquire Owner LLC
since 2021
Last sale
$7.5M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.9M
+93.5%
Neighborhood: shopping center
$11.8M
+90.5%
Retail stores
$11.4M
+85.3%
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
$7,080,000
ML approach
$7,205,000
CAP Approach
CAP Return
Estimation
6%
$9,135,000
6.5%
$8,430,000
7%
$7,830,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,170,000
Current use
AUTO REPAIR, GARAGE
$11,945,000
Change: +94% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$11,755,000
Change: +90% · Conversion: Moderate
RETAIL STORES
$11,440,000
Change: +85% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$9,775,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,760,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$6,310,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$7.32M
Range $6.58M – $8.05M · ±10% · vs last sale $7.49M (Mar 22 2021)
Last sale anchor
$7.49M
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
$172 / 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
$108,168
Tax year 2024
Assessed value
$4,311,200
Assessed 2024
Previous assessed
$3,801,900
+13.4% YoY
Effective rate
2.51%
On assessed value
Assessed land
$1,105,600
Assessed improvement
$3,205,600
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
1990
Construction
STEEL FRAME
Heating
SPACE
Cooling
YES
Buildings
1
Stories
1
Units
2
Total area
42,431 SF
Lot
11.84 ac (515,576 SF)
APN
BILL M:0048 B:0011 L:1
UPID
US38-0410068
Jurisdiction
BILLERICA
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$11.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.8M
RETAIL STORES
Est. value
$11.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.8M
COMMERCIAL (GENERAL)
Est. value
$7.8M
OFFICE BUILDING
Est. value
$6.3M
WAREHOUSE, STORAGE Current
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
1990
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
1
Units
2
Lot
11.84 ac
Current owner
From public records · entity-resolved
Bgo 18 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
$7,485,000
Bgo 18 Esquire Owner LLC
18 Esquire Road LLC
Quit Claim Arm's Length For Ne States
$90,550,000 · Bank Of America NA
Jan 2, 2019
$4,162,842
18 Esquire Road LLC
Wakefield Invs INC
Quit Claim 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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