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Property profile & analytics
OFF-MARKET
Estimated value
$2,025,000
Retail space
880 Boston Rd, Billerica, MA 01821-6200
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-1833054
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1972
Construction
FRAME
Total area
11,378 SF
Lot
1.33 ac (57,961 SF)
Zoning code
4
APN
BILL M:0099 B:0398 L:1
UPID
US38-1833054
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
-
Love Nails & Spa Nail Salon
-
Carousel Cuts Hair Salon
-
Prince Barber Shop Barber Shop
-
Carolyn Corbett Real Estate Agency
-
IndianStyle Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.52M
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$2.03M
Owner & transaction history
Billerica Islamic Center · 1 yrs held
Billerica Islamic Center
since 2024
Last sale
$2.0M
4 recorded transactions
Zoning & alternative use
4 · Billerica, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.3M
+7.7%
Auto repair, garage
$3.2M
+4.4%
Neighborhood: shopping center
$3.2M
+2.8%
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%
$2,725,000
6.5%
$2,515,000
7%
$2,335,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,065,000
Current use
RESTAURANT
$3,305,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,200,000
Change: +4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,155,000
Change: +3% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,620,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$2.03M
Range $1.82M – $2.23M · ±10% · vs last sale $2.00M (Aug 1 2024)
Last sale anchor
$2.00M
Aug 1 2024
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
$178 / 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
$26,457
Tax year 2024
Assessed value
$1,054,500
Assessed 2024
Previous assessed
$972,400
+8.4% YoY
Effective rate
2.51%
On assessed value
Assessed land
$637,600
Assessed improvement
$416,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1972
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
12
Bathrooms
3
Total area
11,378 SF
Lot
1.33 ac (57,961 SF)
Zoning code
4
APN
BILL M:0099 B:0398 L:1
UPID
US38-1833054
Jurisdiction
BILLERICA
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
4 · Billerica, MA
Zoning 4 · permitted uses
4 · 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
RETAIL STORES Current
Est. value
$3.1M
RESTAURANT
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
1972
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
12
Bathrooms
3
Lot
1.33 ac
Current owner
From public records · entity-resolved
Billerica Islamic Center
Individual
Mailing address
6 GRN ST, BILLERICA, MA 01821-5406
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2024
$2,000,000
Billerica Islamic Center
Four Future RT
Corporation Deed
$1,000,000 · Uif Corporation
Apr 12, 2021
—
Vincent Decarlo
—
Deed
related
$242,000 · Cambridge Savings Bank
May 25, 2016
—
4 Future RT
—
Deed
related
$555,000 · Enterprise Bank & Trust Co
Dec 6, 2005
$850,000
Four Future RT
Corey,marcia M
Grant Deed
$680,000 · Strata 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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