Entity Owned Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1987
Construction
STEEL FRAME
Total area
84,231 SF
Lot
11.68 ac (508,955 SF)
Zoning code
4
APN
BILL M:0051 B:0086 L:2
UPID
US38-1871908
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Construction Company General Contractor
-
Auto Parts Store
-
Hair Salon
-
Hair Salon Nail Salon
-
(Bike/Boat/Book/etc) Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.00M
Owner & transaction history
since 2005
1 recorded transaction
Zoning & alternative use
4 · Billerica, MA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$11.00M
Value range
$9.90M – $12.10M
±10% around blend
Estimated value / SF
$131 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$9.90M
blend $11.00M
$12.10M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
84,231 SF
Lot area
11.68 ac
Year built
1987
Stories
1
APN
BILL M:0051 B:0086 L:2
Zoning
4
Assessed value
$10,037,400
Annual tax
$251,838
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$11.00M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 27 sales
$277
-53%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $131/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$10.04M
Move the market yield to see immediate price impact.
Value / SF
$119
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$632k
$12.65M
$9.03M
$7.03M
$703k
$14.05M
$10.04M
$7.81M
$773k
$15.46M
$11.04M
$8.59M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$251,838
Tax year 2024
Assessed value
$10,037,400
Assessed 2024
Previous assessed
$10,037,400
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$5,403,000
Assessed improvement
$4,634,400
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
10
Bathrooms
3
Total area
84,231 SF
Lot
11.68 ac (508,955 SF)
Zoning code
4
APN
BILL M:0051 B:0086 L:2
UPID
US38-1871908
Jurisdiction
BILLERICA
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
4 · Billerica, MAZoning 4 · permitted uses
4 · Billerica, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
10
Bathrooms
3
Lot
11.68 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
4
Jurisdiction
Billerica, MA
Recorded code
4
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 4 in Billerica, MA.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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