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Property profile & analytics
OFF-MARKET
Estimated value
$2,985,000
Warehouses
29 Esquire Rd, North Billerica, MA 01862-2501
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-0493772
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1992
Construction
STEEL FRAME
Total area
17,040 SF
Lot
2.27 ac (98,838 SF)
Zoning code
5
APN
BILL M:0038 B:0011 L:1
UPID
US38-0493772
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
-
Downey Moving and Storage Moving Company
-
Yankee Environmental Services LLC General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.11M
CAP Approach
CAP
$3.39M
Comparable Approach
Comparable
$2.47M
Blend (final)
Blend
$2.99M
Owner & transaction history
Bgo 29 Esquire Owner LLC · 5 yrs held
Bgo 29 Esquire Owner LLC
since 2021
Last sale
$3.0M
2 recorded transactions
Zoning & alternative use
5 · North Billerica, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.9M
+99.6%
Auto repair, garage
$4.8M
+93.5%
Neighborhood: shopping center
$4.7M
+90.5%
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
$2,835,000
ML approach
$3,105,000
CAP Approach
CAP Return
Estimation
6%
$3,670,000
6.5%
$3,385,000
7%
$3,145,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,480,000
Current use
RESTAURANT
$4,945,000
Change: +100% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,795,000
Change: +94% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,720,000
Change: +90% · Conversion: Moderate
RETAIL STORES
$4,595,000
Change: +85% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,925,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,115,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$2,535,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$2.99M
Range $2.69M – $3.28M · ±10% · vs last sale $3.00M (Mar 22 2021)
Last sale anchor
$3.00M
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
$175 / 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
$47,350
Tax year 2024
Assessed value
$1,887,200
Assessed 2024
Previous assessed
$1,747,100
+8.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$630,500
Assessed improvement
$1,256,700
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
1992
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Total area
17,040 SF
Lot
2.27 ac (98,838 SF)
Zoning code
5
APN
BILL M:0038 B:0011 L:1
UPID
US38-0493772
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
$2.5M
RESTAURANT
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$4.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.7M
RETAIL STORES
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.1M
OFFICE BUILDING
Est. value
$2.5M
WAREHOUSE, STORAGE Current
RESTAURANT
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
1992
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Lot
2.27 ac
Current owner
From public records · entity-resolved
Bgo 29 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
$3,000,000
Bgo 29 Esquire Owner LLC
29 Esquire Road LLC
Quit Claim Arm's Length For Ne States
$90,550,000 · Bank Of America NA
Jan 2, 2019
$1,714,111
29 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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