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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    446 Boston Rd Billerica, MA 01821-2714

    • Super regional malls
    • 84,231 SF
    • 11.68 lot acres
    OFF-MARKET
    Value Estimations
    $11,000,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1871908
    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.

    Current Use by Public Records

    • Robert A Scott General Contracting LLC / Construction Company / General Contractor
    • Carquest Auto Parts - BILLERICA AUTO PARTS, INC. / Auto Parts Store
    • Bella Mia Hair Salon / Hair Salon
    • Hair by Kaitlyn Rose / Hair Salon / Nail Salon
    • Walgreens Photo / (Bike/Boat/Book/etc) Store

    Property Details for 446 Boston Rd

    Year built
    1987
    Construction
    STEEL FRAME
    Lot size
    11.68 lot acres
    Property size
    84,231 SF
    Zone code
    4
    Property type
    Super regional malls
    APN
    BILL M:0051 B:0086 L:2
    APU
    BILLM0051B0086L2

    Description

    O'Connor Hardware Plaza, located at 446 Boston Rd in Billerica, MA (Middlesex County, zip code 01821), offers a prime retail or restaurant opportunity within a well-established shopping center. This multi-tenant property boasts a total of 83,162 square feet, with 934 square feet currently available for lease. The property is conveniently situated in Middlesex County, Massachusetts, providing excellent access to a substantial customer base. Ample parking is available with 450 spaces to accommodate shoppers and patrons. The property's classification as a shopping center suggests a vibrant and active commercial environment. The available 934 square feet presents a versatile space suitable for a variety of retail or restaurant concepts. The property's location at 446 Boston Rd in Billerica offers high visibility and accessibility, making it an attractive option for businesses seeking a strong presence in a thriving community. Interested parties are encouraged to inquire about lease terms and explore the potential of this exceptional retail space within O'Connor Hardware Plaza. The property's coordinates are 42.559286 latitude and -71.2668185 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Billerica
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2665
    Latitude
    42.5588
    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
    $251,838
    $5,403,000
    $4,634,400
    $10,037,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $5,600,000
      45,500 SF

      99 Columbia Rd

      REGIONAL SHOPPING CENTER, MALL • 45,500 SF
      99 Columbia Rd, Billerica, MA 01821
      View Details
    • Value Estimation
      $1,260,000
      8,340 SF

      530 Boston Rd

      REGIONAL SHOPPING CENTER, MALL • 8,340 SF
      530 Boston Rd, Billerica, MA 01821-3770
      View Details
    • Value Estimation
      $1,720,000
      9,750 SF

      498 Boston Rd, Unit 506

      REGIONAL SHOPPING CENTER, MALL • 9,750 SF
      498 Boston Rd, Billerica, MA 01821-2811
      View Details
    • Value Estimation by Request
      33,923 SF

      279 Boston Rd

      Retail properties • 33,923 SF
      279 Boston Rd, Billerica, MA 01821
      View Details
    • Value Estimation by Request
      6,464 SF

      785 Boston Rd

      RESTAURANT • 6,464 SF
      785 Boston Rd, Billerica, MA 01821-5927
      View Details
    • Value Estimation
      $560,000
      7,000 SF

      160 Lexington Rd

      RESTAURANT • 7,000 SF
      160 Lexington Rd, Billerica, MA 01821-3932
      View Details

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      12,000 SF

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      2.98 Acres

      Land with Colonial Home

      2.98 acres with a well-maintained Georgian Colonial home.
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    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Space in Billerica

      Exceptional leasing opportunity in a high-visibility Billerica location.
      480 Boston Rd, Billerica, MA 01821
      View Details
    • Contact for pricing
      243,434 SF

      Billerica Retail Center - For Lease

      High-traffic retail space, multiple units available.
      480 Boston Rd, Billerica, MA 01821
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      Sublease Opportunity with Modern Upgrades

      Available for sublease, featuring new roof, facade, and HVAC.
      Billerica, MA 01821
      View Details
    • $14 SF/Yr

      Billerica Center Office/Retail Space

      Elevatored building suitable for business, professional, school & religious uses.
      5 Andover Rd, Billerica, MA 01821
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    • Contact for pricing
      33,923 SF

      Boston Road Retail Space For Lease

      New Retail Development, Flexible Space Available
      279 Boston Rd, Billerica, MA 01821
      View Details
    • Contact for pricing
      12,000 SF

      Executive Office Suites, Billerica, MA

      Prime Billerica Office Space - Available Now
      574 Boston Rd, Billerica, MA 01821
      View Details
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    446 Boston Rd
    Billerica, MA 01821-2714
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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.

    More about this property
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