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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Life science properties
29 Dunham Rd, Billerica, MA 01821-5729
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US38-0258300
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1984
Construction
STEEL FRAME
Total area
69,810 SF
Lot
6.05 ac (263,577 SF)
Zoning code
5
APN
BILL M:0108 B:0001 L:1
UPID
US38-0258300
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
-
Sun Radiopharma, part of Sun Pharmaluceutical Industries, Inc. (formerly Pharmalucence) Corporate Office
-
Pharmalucence Site Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$655k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.02M
Owner & transaction history
Pi Re Ventures LLC · 16 yrs held
Pi Re Ventures LLC
since 2010
7 recorded transactions
Zoning & alternative use
5 · Billerica, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±10%
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
$15 / 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
$367,235
Tax year 2024
Assessed value
$14,636,700
Assessed 2024
Previous assessed
$14,465,000
+1.2% YoY
Effective rate
2.51%
On assessed value
Assessed land
$1,532,200
Assessed improvement
$13,104,500
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
69,810 SF
Lot
6.05 ac (263,577 SF)
Zoning code
5
APN
BILL M:0108 B:0001 L:1
UPID
US38-0258300
Jurisdiction
BILLERICA
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
5 · Billerica, MA
Zoning 5 · permitted uses
5 · 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.
Building & site characteristics
From public records
Year built
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
6.05 ac
Current owner
From public records · entity-resolved
Pi Re Ventures LLC
Entity
Mailing address
29 DUNHAM RD, BILLERICA, MA 01821-5729
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2010
$2,772,000
Pi Re Ventures LLC
Rar2 Boston Industrial
Deed
$9,999,999 · Td Bank NA
Jan 2, 2007
$1
Boston Indust Qrs Ma Rar2
Rreef America Reit Corp
Grant Deed
—
Jul 1, 2005
$5,410,206
Reef America Reit Corp A
Caleast Industrial LLC
Grant Deed
—
Jul 1, 2005
$1
Reef America Reit Corp A
Caleast Industrial LLC
Grant Deed
related
—
Dec 6, 1999
$30,250,000
Caleast Industrial Inv
Div Dunham 29 LLC
Grant Deed
—
Jun 3, 1997
$2,000,000
Div Dunham 20 LLC
Metropolitan Life Insu
Grant Deed
$2,850,000 · Heller Fncl INC
Dec 27, 1996
$2,085,000
Life Ins Metropolitan
Connelly,robert W
Grant Deed
—
Oct 17, 1989
—
Robert Connelly
—
Deed Of Trust
related
$250,000 · Bank Of New England
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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