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    30 Boston Rd North Billerica, MA 01862-1013
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    Property profile & analytics

    30 Boston Rd North Billerica, MA 01862-1013

    View on Map
    • Retail space
    • 696 SF
    • 0.20 lot acres
    Off-Market
    Last Sale May 25, 2023
    $197,000
    Property ID
    US38-1179935
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 30 Boston Rd

    Year built
    1955
    Construction
    FRAME
    Lot size
    0.20 lot acres
    Property size
    696 SF
    Zone code
    4
    Property type
    Retail space
    APN
    BILL M:0004 B:0043 L:0
    APU
    BILLM0004B0043L0

    Description

    This exceptional commercial property located at 30 Boston Road, Billerica, MA, presents a unique opportunity for a wide range of businesses. Situated on a 0.29-acre lot, this building is ready for immediate occupancy and boasts a wealth of recent improvements. A brand-new roof ensures long-term protection, while the installation of new windows and flooring enhances both aesthetics and energy efficiency. The property has also undergone a fresh coat of paint, giving it a clean and modern feel. Importantly, water service has been connected, eliminating a significant hurdle for potential tenants. The building's location on a busy thoroughfare guarantees high visibility and accessibility, making it an ideal spot for attracting customers. Ample on-site parking is another key advantage, providing convenience for both employees and clients. The flexible interior space allows for customization to suit a variety of business needs. This is a rare chance to acquire a fully renovated commercial property in a prime Billerica location. The asking price is $379,000. Don't miss this chance to establish your business in a thriving area. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Billerica
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2985
    Latitude
    42.5978
    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
    $5,078
    $173,400
    $29,000
    $202,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,280,000
      16,250 SF

      305 Boston Rd

      RETAIL STORES (PERSONAL SERVICES) • 16,250 SF
      305 Boston Rd, North Billerica, MA 01862-2630
      View Details
    • Value Estimation
      $1,305,000
      4,793 SF

      161 Boston Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,793 SF
      161 Boston Rd, North Billerica, MA 01862-2115
      View Details
    • Value Estimation
      $625,000
      2,496 SF

      295 Boston Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,496 SF
      295 Boston Rd, North Billerica, MA 01862-2634
      View Details
    • Value Estimation
      $3,185,000
      29,600 SF

      306 Boston Rd

      RETAIL STORES (PERSONAL SERVICES) • 29,600 SF
      306 Boston Rd, North Billerica, MA 01862-2600
      View Details
    • Value Estimation
      $785,000
      3,400 SF

      220 Boston Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,400 SF
      220 Boston Rd, North Billerica, MA 01862-2309
      View Details
    • Value Estimation
      $950,000
      5,500 SF

      328 Boston Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,500 SF
      328 Boston Rd, North Billerica, MA 01862-2619
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space in North Billerica

      Retail space with flexible zoning in a high-traffic location.
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      Land For Sale

      Land available for sale in North Billerica, Massachusetts.
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    • $775,000
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      Industrial Warehouse Condo For Sale

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      7,700 SF Flex Space

      Flex space with tailboard, located on Route 3A.
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      Billerica Avenue Flex Property

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      38,900 SF

      Industrial Building For Sale/Lease

      38,900 SF free-standing industrial building available for sale or lease.
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    Similar Nearby for Lease

    • $500 /Mo

      Retail Space with High Foot Traffic

      Retail space available for sublease with utilities included.
      2 Boston Rd, Billerica, MA 01862
      View Details
    • $500 /Mo
      295 SF

      Retail Space with Foot Traffic

      Retail space available for rent with utilities included.
      1 Boston Rd, Billerica, MA 01862
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent at 199 Boston Rd.
      199 Boston Rd, Billerica, MA 01862
      View Details
    • $500 /Mo
      181 SF

      Retail Space with High Foot Traffic

      Retail space available for sublease with utilities included.
      2 Boston Rd, Billerica, MA 01862
      View Details
    • 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
      12,500 SF

      North Billerica Flex/Warehouse Space

      Flex/R&D/Warehouse space available for rent in North Billerica.
      76 Treble Cove Rd, North Billerica, MA 01862
      View Details
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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