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Property profile & analytics
OFF-MARKET
Estimated value
$16,910,000
Warehouses
301 Treble Cv Rd, North Billerica, MA 01862-2830
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-2271582
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2020
Construction
STEEL FRAME
Total area
81,292 SF
Lot
5.61 ac (244,546 SF)
APN
BILL M:0058 B:0002 L:1-3-1
UPID
US38-2271582
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
-
SciSafe Storage Facility
-
Baystate Pool Supplies - North Billerica Big Box & Wholesale Store
-
SciSafe Services Warehouse & Storage
-
SciSafe Inc. Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.16M
Comparable Approach
Comparable
$15.31M
Blend (final)
Blend
$16.91M
Owner & transaction history
Npssa Treble Cove LLC · 4 yrs held
Npssa Treble Cove LLC
since 2021
Last sale
$18.0M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$23.6M
+99.6%
Auto repair, garage
$22.9M
+93.5%
Neighborhood: shopping center
$22.5M
+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
$17,045,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,500,000
6.5%
$16,155,000
7%
$15,000,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,825,000
Current use
RESTAURANT
$23,600,000
Change: +100% · Conversion: Difficult
AUTO REPAIR, GARAGE
$22,880,000
Change: +94% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$22,525,000
Change: +90% · Conversion: Moderate
RETAIL STORES
$21,915,000
Change: +85% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$18,730,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$14,870,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$12,085,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$16.91M
Range $15.22M – $18.60M · ±10% · vs last sale $18.02M (Oct 22 2021)
Last sale anchor
$18.02M
Oct 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
$208 / 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
$293,285
Tax year 2024
Assessed value
$11,689,300
Assessed 2024
Previous assessed
$7,167,700
+63.1% YoY
Effective rate
2.51%
On assessed value
Assessed land
$1,221,300
Assessed improvement
$10,468,000
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
2020
Construction
STEEL FRAME
Heating
SPACE
Buildings
1
Stories
1
Units
1
Total area
81,292 SF
Lot
5.61 ac (244,546 SF)
APN
BILL M:0058 B:0002 L:1-3-1
UPID
US38-2271582
Jurisdiction
BILLERICA
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$11.8M
RESTAURANT
Est. value
$23.6M
AUTO REPAIR, GARAGE
Est. value
$22.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$22.5M
RETAIL STORES
Est. value
$21.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.7M
COMMERCIAL (GENERAL)
Est. value
$14.9M
OFFICE BUILDING
Est. value
$12.1M
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
2020
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
1
Units
1
Lot
5.61 ac
Current owner
From public records · entity-resolved
Npssa Treble Cove LLC
Entity
Mailing address
30 SPEEN ST, FRAMINGHAM, MA 01701-4291
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2021
$18,020,000
Npssa Treble Cove LLC
301 Treble Cv Rd Billeric
Quit Claim Arm's Length For Ne States
$88,500,000 · Truist Bank
May 28, 2021
—
301 Treble Cv Rd LLC
—
Deed
related
$1,500,000 · Harborone Bank
Feb 25, 2020
—
301 Treble Cove Road LLC
—
Deed
related
$8,325,000 · Harborone 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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