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Property profile & analytics
FOR LEASE
Warehouses
90 Salem Rd, Billerica, MA 01821
Entity Owned
27-yr Hold
Free & Clear
Property ID
US38-1546879
For Lease
$5,545,000
90 Salem Rd, Billerica, MA 01821
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1971
Construction
STEEL FRAME
Total area
608,598 SF
Lot
21.08 ac (918,245 SF)
Zoning code
5
APN
BILL M:0032 B:0142 L:0
UPID
US38-1546879
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
-
Omni Logistics - Billerica Logistics Company Freight Service
-
List Logistics Warehouse & Storage
-
Fed Ex Ground Courier Service Postal Service
-
Siegel Egg Co., LLC Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.55M
Owner & transaction history
Ch-billerica LLC · 27 yrs held
Ch-billerica LLC
since 1999
3 recorded transactions
Zoning & alternative use
5 · Billerica, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$9 / 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
$906,311
Tax year 2024
Assessed value
$36,122,400
Assessed 2024
Previous assessed
$33,251,700
+8.6% YoY
Effective rate
2.51%
On assessed value
Assessed land
$5,087,100
Assessed improvement
$31,035,300
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1971
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
4
Total area
608,598 SF
Lot
21.08 ac (918,245 SF)
Zoning code
5
APN
BILL M:0032 B:0142 L:0
UPID
US38-1546879
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.
Building & site characteristics
From public records
Year built
1971
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
4
Lot
21.08 ac
Current owner
From public records · entity-resolved
Ch-billerica LLC
Entity
Free & Clear · 27 yrs held
Mailing address
20 PICKERING ST #200, NEEDHAM, MA 02492-3197
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 1999
$26,834,389
Ch-billerica LLC
Billerica Rlty Asso LP
Grant Deed
related
—
Feb 11, 1998
$15,500,000
Bill Realty Assoc LP
Purity Supreme INC
Grant Deed
$16,350,000 · Gmac Mortgage Corp Pa
Feb 11, 1998
—
Billerica Rlty LP
—
Deed Of Trust
related
$16,350,000 · Gmac Commercial Mortgage Corp
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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