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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Showrooms
315 Boston Rd, North Billerica, MA 01862-2635
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0950221
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1951
Construction
FRAME
Total area
2,384 SF
Lot
0.76 ac (33,014 SF)
Zoning code
4
APN
BILL M:0041 B:0005 L:0
UPID
US38-0950221
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
-
North Billerica Smiles Dental Office
-
Dr. Matthew Annese Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
$605k
Comparable Approach
Comparable
$548k
Blend (final)
Blend
$545k
Owner & transaction history
315 Boston Realty LLC · 4 yrs held
315 Boston Realty LLC
since 2022
Last sale
$545,000
7 recorded transactions
Zoning & alternative use
4 · North Billerica, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$670,000
+53.9%
Neighborhood: shopping center
$660,000
+51.5%
Retail stores
$645,000
+47.4%
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 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
$465,000
ML approach
$490,000
CAP Approach
CAP Return
Estimation
6%
$655,000
6.5%
$605,000
7%
$560,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$435,000
Current use
AUTO REPAIR, GARAGE
$670,000
Change: +54% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$660,000
Change: +51% · Conversion: Difficult
RETAIL STORES
$645,000
Change: +47% · Conversion: Easy
OFFICE BUILDING
$355,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $545k (Jun 2 2022)
Last sale anchor
$545k
Jun 2 2022
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
$229 / 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
$20,704
Tax year 2024
Assessed value
$825,200
Assessed 2024
Previous assessed
$825,200
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$614,400
Assessed improvement
$210,800
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1951
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
2,384 SF
Lot
0.76 ac (33,014 SF)
Zoning code
4
APN
BILL M:0041 B:0005 L:0
UPID
US38-0950221
Jurisdiction
BILLERICA
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
4 · North Billerica, MA
Zoning 4 · permitted uses
4 · 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
COMMERCIAL (GENERAL) Current
Est. value
$435,000
AUTO REPAIR, GARAGE
Est. value
$670,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$660,000
RETAIL STORES
Est. value
$645,000
OFFICE BUILDING
Est. value
$355,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1951
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.76 ac
Current owner
From public records · entity-resolved
315 Boston Realty LLC
Entity
Mailing address
45 DERBY ST, CONCORD, MA 01742-3038
Ownership since
2022
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
Dec 12, 2025
—
315 Boston Realty LLC
—
Deed
related
$455,000 · Rockland Trust Co
Apr 11, 2024
—
315 Boston Realty LLC
—
Deed
related
$307,500 · Enterprise Bank & Trust Co
Jun 2, 2022
—
315 Boston Realty LLC
Bennett Realty LLC
Quit Claim Deed
related
$620,000 · Pnc Bank NA
Sep 5, 2018
$545,000
Bennett Realty LLC
Hur,charles C
Quit Claim Deed
$790,000 · Live Oak Bkng Co
Jun 3, 2016
—
Charles C Hur
—
Deed
related
$65,000 · County Mortgage LLC
Jan 31, 2012
—
Charles C Hur
—
Deed Of Trust
related
$376,000 · First Commons Bank
May 9, 2007
$208,000
Hur,charles C
Wetherbee,frank W
Grant Deed
$250,000 · First Trade Union Savings Bank
May 9, 2007
—
Charles C Hur
—
Deed Of Trust
related
$100,000 · First Trade Union Savings Bank
Sep 8, 1995
—
Frank Wetherbee JR.
—
Deed Of Trust
related
$50,000 · Sue E Wetherbee
May 30, 1990
$255,000
Frank W Wetherbee
Simmons,lillian M
Grant Deed
$175,000 · Central Savings 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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