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Financial
Distress signals
Property profile

5 Andover Rd 3RD Billerica, MA 01821

FOR LEASE
Office buildings
Property ID
US38-1384904
10,092 SF 0.36 ac lot Built 1963
Last sale Aug 1994 · $40,000
Individually Owned Owner of record is an individual. 32-yr Hold Held for 32 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a third-floor office unit within a mixed-use, elevator-served building constructed in 1962. The unit includes two handicap-accessible bathrooms for exclusive use, an 8-foot ceiling, and access to the building’s fully sprinklered fire-protection system. Elevator entry is provided through the rear of the building for accessibility. Shared parking is available at both the front and rear, with a total of 24 car spaces across the property. The location provides access to Routes 3A,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$18k
Tax billed · 2024
Assessed value$709k
Assessed land$295k
Assessed improvement$413k
Effective rate2.51%

Value estimate

· Oct 2026
$375k
$338k – $413k
Submarket $/SF estimate$1.18M
NOI build-up
Gross scheduled income$74k
Vacancy & credit loss−$5k
Operating expenses−$21k
NOI · 345,357.14% cap applied$48k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$146/SF
ZIP average, outlier-cleaned · 18 recorded sales of this use type
Observed band · Q1–Q3$101 – $208
Qualifying comparables11

Cap rate analysis

How does the asset earn?
345,357.14%
$48k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionBILLERICA

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm13.1
Barber Shop9.3
Plumbing Service9.3

Location

5 Andover Rd, Unit 3RD Billerica, MA 01821
County assessor Recorded deeds · 6 transfers 11 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
800 Boston, Billerica, MA 01821-5923 $600,000 Apr 2024 1,450 SF
1st Andover, Billerica, MA 01821-1995 $510,000 Nov 2023 3,660 SF
799 Middlesex, Billerica, MA 01821-3933 $1,750,000 Oct 2023 16,114 SF
524 Boston, Billerica, MA 01821-2812 $599,000 Dec 2021 2,240 SF
294 Concord, Billerica, MA 01821-3482 $725,000 Sep 2021 4,191 SF
630 Boston, Billerica, MA 01821-3783 $150,000 Oct 2019 34,785 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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