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    Property profile & analytics
    OFF-MARKET Estimated value $825,000
    Showrooms

    221 Boston Rd, North Billerica, MA 01862-2321

    12,240 SF 1.64 ac lot Built 1968
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US38-0731249
    Property summary
    AI-generated overview

    This exceptional 12,472 square foot Class B medical office building, situated on a 1.64-acre lot at 221 Boston Road in Billerica, MA 01862, presents a unique leasing opportunity. Built in 1968 and extensively renovated in 2019, the property boasts a prominent location on Boston Road (Route 3A), ensuring high visibility and excellent access for patients and staff. The building features a total of one suite, currently offering 5,878 square feet of vacant first-floor space ideal for medical or office use. The building's two stories provide ample space for a variety of medical practices or office configurations. The property benefits from high visibility and monument signage, enhancing its appeal and brand recognition. This is a multi-tenant building, offering a well-established presence in a thriving community. The expansive lot size provides ample parking and potential for future expansion. This prime location offers easy access to major roadways, making it convenient for both employees and clients. The recent renovations ensure a modern and efficient workspace. This opportunity is perfect for a growing medical practice or business seeking a high-profile location in Billerica, Massachusetts.

    Property profile
    Verified
    Property type Showrooms
    Use group SHOW ROOM, WAREHOUSE
    Year built 1968
    Construction FRAME
    Total area 12,240 SF
    Lot 1.64 ac (71,438 SF)
    Zoning code 4
    APN BILL M:0022 B:0152 L:0
    UPID US38-0731249
    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
    • Medical Center Pharmacy Inc Production Facility
    • AKJ Consulting Consultant
    • Medical Scrubs And More (Bike/Boat/Book/etc) Store
    • Mc Cormack's Drug Store Pharmacy
    • Riemer Anne I Employment Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $750k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $825k
    Owner & transaction history
    Lombardi Prop Hldg LLC · 3 yrs held
    Lombardi Prop Hldg LLC
    since 2022
    Last sale
    $890,000
    6 recorded transactions
    2022
    2021
    2020
    $1.3M
    2018
    $900,000
    2007
    1999
    $890,000
    Zoning & alternative use
    4 · North Billerica, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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