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Property profile & analytics
FOR LEASE
Manufacturing properties
35 Dunham Rd, Billerica, MA 01821
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-1494727
For Lease
$6,075,000
35 Dunham Rd, Billerica, MA 01821
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1984
Construction
STEEL FRAME
Total area
66,960 SF
Lot
5.79 ac (252,082 SF)
Zoning code
5
APN
BILL M:0108 B:0001 L:2
UPID
US38-1494727
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
-
TForce Logistics - Boston Trucking Company
-
Tark Inc Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.49M
Blend (final)
Blend
$6.08M
Owner & transaction history
Icbp 4 Holdings 40 LLC · 6 yrs held
Icbp 4 Holdings 40 LLC
since 2019
7 recorded transactions
Zoning & alternative use
5 · Billerica, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.8M
+31.3%
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
INDUSTRIAL (GENERAL)
$7,445,000
Current use
OFFICE BUILDING
$9,775,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$6.08M
Range $5.47M – $6.68M · ±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
$91 / 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
$179,657
Tax year 2024
Assessed value
$7,160,500
Assessed 2024
Previous assessed
$6,713,000
+6.7% YoY
Effective rate
2.51%
On assessed value
Assessed land
$1,289,800
Assessed improvement
$5,870,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
6
Total area
66,960 SF
Lot
5.79 ac (252,082 SF)
Zoning code
5
APN
BILL M:0108 B:0001 L:2
UPID
US38-1494727
Jurisdiction
BILLERICA
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
5 · Billerica, MA
Zoning 5 · permitted uses
5 · Billerica, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Billerica. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$7.4M
OFFICE BUILDING
Est. value
$9.8M
INDUSTRIAL (GENERAL) 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
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
6
Lot
5.79 ac
Current owner
From public records · entity-resolved
Icbp 4 Holdings 40 LLC
Entity
Mailing address
1 SANSOME ST STE #1500, SAN FRANCISCO, CA 94104-4449
Ownership since
2019
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
Mar 18, 2022
—
Icbp 4 Holdings 40 LLC
—
Deed
related
—
Oct 3, 2019
$7,070,000
Icbp 4 Holdings 40 LLC
35 Dunham Road LLC
Quit Claim Arm's Length For Ne States
$10,450,000 · Cambridge Savings Bank
Feb 17, 2017
$3,680,000
35 Dunham Road LLC
Gijv Ma 1 LLC
Quit Claim Arm's Length For Ne States
$7,937,000 · Belmont Savings Bank
Oct 31, 2014
$2,880,000
Gijv Ma 1 LLC
Rar 2 Boston Industrial
Quit Claim Deed
$272,500,000 · German American Cap
Jan 2, 2007
$1
Boston Indust Qrs Ma Rar2
Rreef America Reit Corp
Grant Deed
—
Jul 1, 2005
$5,083,661
Reef America Reit Corp A
Caleast Industrial LLC
Grant Deed
—
Jul 1, 2005
$1
Reef America Reit Corp A
Caleast Industrial LLC
Grant Deed
related
—
Dec 6, 1999
$30,250,000
Caleast Industrial Inv
Div Dunham 35 LLC
Grant Deed
—
Jun 3, 1997
$2,500,000
Div Dunham 35 LLC
Metropolitan Life Insu
Grant Deed
$2,850,000 · Hill Financial Services INC
Jun 3, 1997
—
Div Dunham 35 LLC
—
Deed Of Trust
related
$1,600,000 · Heller Fncl INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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