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    Property profile & analytics

    293 Boston Rd North Billerica, MA 01862-2634

    • Turn key restaurants
    • 6,415 SF
    • 1.06 lot acres
    OFF-MARKET
    Value Estimation
    $1,610,000
    Last Sale
    Mar 04, 2025
    $1,800,000
    Location Intelligence
    Property ID
    US38-1450821
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Stelio's Family Restaurant / Family Restaurant / Breakfast Restaurant

    Property Details for 293 Boston Rd

    Year built
    1955
    Construction
    FRAME
    Lot size
    1.06 lot acres
    Property size
    6,415 SF
    Zone code
    4
    Property type
    Turn key restaurants
    APN
    BILL M:0031 B:0089 L:1
    APU
    BILLM0031B0089L1

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,575,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,975,000
      6.5%
      $1,735,000
      7%
      $1,950,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,705,000
      Geo Method
      $1,605,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,875,000
      Retail
      $1,545,000
      Mixed-Use
      $1,670,000
      Hospitality
      $1,795,000
      Educational
      $1,965,000
      Residential Income
      $1,570,000
      Energy
      $1,865,000
      Income-Based Land
      $1,615,000
      Food Service
      $1,710,000

    Location Insight

    • Map
    • Local Demand
    City
    North Billerica
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2798
    Latitude
    42.5734
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $35,392
    $997,300
    $413,300
    $1,410,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,568 SF

      181 Boston Rd

      RESTAURANT • 2,568 SF
      181 Boston Rd, North Billerica, MA 01862-2320
      View Details
    • Value Estimation by Request
      9,154 SF

      8 Chelmsford Rd

      RESTAURANT • 9,154 SF
      8 Chelmsford Rd, North Billerica, MA 01862-2108
      View Details
    • Value Estimation
      $1,055,000
      2,732 SF

      176 Boston Rd

      RESTAURANT • 2,732 SF
      176 Boston Rd, North Billerica, MA 01862-2114
      View Details
    • Value Estimation by Request
      7,410 SF

      56 Chelmsford Rd

      RESTAURANT • 7,410 SF
      56 Chelmsford Rd, North Billerica, MA 01862-1326
      View Details
    • Value Estimation
      $330,000
      2,267 SF

      104 Boston Rd

      RESTAURANT • 2,267 SF
      104 Boston Rd, North Billerica, MA 01862-1312
      View Details
    • Value Estimation by Request
      8,541 SF

      188 Boston Rd

      RESTAURANT • 8,541 SF
      188 Boston Rd, North Billerica, MA 01862-2309
      View Details

    Similar Nearby for Sale

    • $1,200,000

      Versatile Retail Units in Billerica

      Adaptable retail property in high-traffic area, suitable for investors.
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      38,900 SF free-standing industrial building available for sale or lease.
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      Land For Sale

      Land available for sale in North Billerica, Massachusetts.
      184 Boston Rd, North Billerica, MA 01862
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    • $679,900

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      Two office suites totaling 4,608 SF for sale.
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      Fully Tenanted Three-Family Property

      Three-family property in Billerica with strong rental income.
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      Commercial real estate
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    Similar Nearby for Lease

    • Contact for pricing
      3,100 SF

      Boston Road Pad Site Available

      Pad site available for bank or restaurant with drive-thru.
      200 Boston Rd, Billerica, MA 01862
      View Details
    • Contact for pricing
      1,876 SF

      Versatile Space on Boston Road

      High-visibility building suitable for medical, office, R&D, retail.
      221 Boston Rd, North Billerica, MA 01862
      View Details
    • Contact for pricing
      121,814 SF

      Treble Cove Plaza Retail Space

      Billerica, MA Shopping Center For Lease
      199 Boston Rd, Billerica, MA 01862
      View Details
    • $1,500 /Mo

      Renovated Flex Space Available

      Renovated flex space suitable for various contractors.
      71 Faulkner 110, Billerica, MA 01862
      View Details
    • Contact for pricing
      10,411 SF

      Flex/R&D/Office Space Available

      450,000 SF flex/R&D/office space for growing companies.
      101 Billerica Ave, North Billerica, MA 01862
      View Details
    • $13 SF/Yr
      5,655 SF

      Billerica Flex Park Space Available

      Two-building flex park totaling 69,250 SF for lease.
      144-148 Rangeway Rd, Billerica, MA 01862
      View Details
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    North Billerica, MA 01862-2634
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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