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Property profile & analytics
OFF-MARKET
Estimated value
$8,970,000
Warehouses
27 Sterling Rd, North Billerica, MA 01862-2518
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-0302290
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Construction
STEEL FRAME
Total area
64,112 SF
Lot
4.32 ac (188,179 SF)
Zoning code
5
APN
BILL M:0038 B:0030 L:2
UPID
US38-0302290
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
-
North American Van Lines Moving Company
-
Sterling Warehousing & Distribution Shipping Company Freight Service
-
Sterling Records Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.84M
Blend (final)
Blend
$8.97M
Owner & transaction history
Four Pillars LLC · 3 yrs held
Four Pillars LLC
since 2023
Last sale
$9.0M
3 recorded transactions
Zoning & alternative use
5 · North Billerica, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$14.8M
+58.4%
Commercial (general)
$11.7M
+25.8%
Office building
$9.5M
+2.2%
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
$8,030,000
ML approach
$8,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,325,000
Current use
APARTMENT HOUSE (5+ UNITS)
$14,770,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,725,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$9,530,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$8.97M
Range $8.07M – $9.87M · ±10% · vs last sale $8.98M (Apr 27 2023)
Last sale anchor
$8.98M
Apr 27 2023
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
$140 / 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
$207,698
Tax year 2024
Assessed value
$8,278,100
Assessed 2024
Previous assessed
$3,897,300
+112.4% YoY
Effective rate
2.51%
On assessed value
Assessed land
$1,347,400
Assessed improvement
$6,930,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
SPACE
Buildings
1
Stories
1
Units
1
Total area
64,112 SF
Lot
4.32 ac (188,179 SF)
Zoning code
5
APN
BILL M:0038 B:0030 L:2
UPID
US38-0302290
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
WAREHOUSE, STORAGE Current
Est. value
$9.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.8M
COMMERCIAL (GENERAL)
Est. value
$11.7M
OFFICE BUILDING
Est. value
$9.5M
WAREHOUSE, STORAGE 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
1984
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
1
Units
1
Lot
4.32 ac
Current owner
From public records · entity-resolved
Four Pillars LLC
Entity
Mailing address
27 STERLING RD, NORTH BILLERICA, MA 01862-2518
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2023
$8,975,000
Four Pillars LLC
27 Sterling Road LLC
Quit Claim Arm's Length For Ne States
$7,180,000 · Enterprise Bank & Trust Co
Dec 30, 2020
$5,496,597
27 Sterling Road LLC
Bjf LLC
Quit Claim Deed
$9,078,000 · Webster Five Cents Svgs Bk
Jun 30, 2004
$3,814,436
Bjf LLC
Sterling Billerca T
Grant Deed
$2,500,000 · Sovereign Bank
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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