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Property profile & analytics
OFF-MARKET
Estimated value
$5,440,000
Warehouses
31 Dunham Rd Billerica, MA 01821-5701
Individually Owned
15-yr Hold
Free & Clear
Property ID
US38-0255890
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1983
Construction
STEEL FRAME
Total area
60,300 SF
Lot
15 ac (653,400 SF)
Zoning code
5
APN
BILL M:0108 B:0001 L:3
UPID
US38-0255890
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
-
Productions Basics Production Facility Factory
-
Resonance Research, Inc Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.44M
Owner & transaction history
31 Dunham Road RT · 15 yrs held
31 Dunham Road RT
since 2010
7 recorded transactions
Zoning & alternative use
5 · Billerica, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.8M
+0.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,770,000
Current use
OFFICE BUILDING
$8,805,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$5.44M
Range $4.90M – $5.98M · ±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
$90 / 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
$123,204
Tax year 2024
Assessed value
$4,910,500
Assessed 2024
Previous assessed
$4,126,300
+19.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$1,155,700
Assessed improvement
$3,754,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
1983
Construction
STEEL FRAME
Heating
SPACE
Cooling
YES
Buildings
1
Stories
1
Units
3
Total area
60,300 SF
Lot
15 ac (653,400 SF)
Zoning code
5
APN
BILL M:0108 B:0001 L:3
UPID
US38-0255890
Jurisdiction
BILLERICA
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
5 · Billerica, MAZoning 5 · permitted uses
5 · Billerica, MA
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
$8.8M
OFFICE BUILDING
Est. value
$8.8M
WAREHOUSE, STORAGE Current
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
1983
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
1
Units
3
Lot
15 ac
Current owner
From public records · entity-resolved
31 Dunham Road RT
Individual
Free & Clear · 15 yrs held
Mailing address
31 DUNHAM RD, BILLERICA, MA 01821-5701
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2010
$1,885,000
31 Dunham Road RT
Dgr RT
Grant Deed
—
Jul 29, 2008
—
Dgc RT
—
Deed Of Trust
related
$233,000 · River Bank
Sep 22, 2003
$3,350,000
Dgd RT
Evans Packaging Corp
Grant Deed
$2,970,000 · Lawrence Savings Bank
Sep 22, 2003
$1
Dgc RT
Evans Packaging Corp
Grant Deed
related
—
Jun 4, 2002
$2,750,000
Evans Packaging Corp
Cal Prop LLP
Grant Deed
$2,062,300 · Lawrence Savings Bank
Apr 18, 2002
—
Carl Properties LLP
—
Deed Of Trust
related
$378,000 · Bay Colony Dev Corp
Mar 27, 2001
—
Cal Properties LLP
—
Deed Of Trust
related
$250,000 · Middlesex Savings Bank
Feb 7, 1997
—
Carl Properties LLP
—
Deed Of Trust
related
$622,000 · Bay Colony Dev Corp
Oct 17, 1996
$1,400,000
Cal Properties LLP
Teachers Ins & Annuity
Grant Deed
$1,440,000 · Ustrust/essex
Oct 10, 1991
$2,300,000
Insur Teach
Callahan,william J SR
Grant 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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