Corner Office
11 Summer Street #2, Chelmsford, MA 01824
For Sale
Contact for pricing
Three enclosed offices, an open work area, and two restrooms support a range of professional services.
Property Size1,200 SF
Price / SF$1.25
Days on Market103
Property Features for 11 Summer Street #2
General Information
Standard status
Size
Listing Agency:
Jill & Co. Realty Group - Real Broker NH, LLC
(603) 893-7430
Listed By:
Michelle LoPilato · License #Michelle LoPilato
(978) 983-4376
Source:
Longviewcre
Added: Jul 30
Changed: Nov 8
Last Checked: Nov 8 at 9:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jill & Co. Realty Group - Real Broker NH, LLC
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Investment Insights
Based on property information with market context.
This approximately 1,200-square-foot office suite combines an open work area with three private offices and two restrooms. Large windows bring natural light into the space. The suite is in a predominantly owner-occupied building at 11 Summer Street in Chelmsford, Massachusetts, near major routes, established neighborhoods, and local businesses.
The modified gross lease includes HOA fees, property taxes, water, and common-area maintenance paid by the landlord.
The modified gross lease includes HOA fees, property taxes, water, and common-area maintenance paid by the landlord.
Key Highlights
- Approximately 1,200 square feet
- Corner suite with an open work area and three private offices
- Two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,076
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,520
$761.5K
Cap Rate 7%
$543,943
$543.9K
Cap Rate 9%
$423,067
$423.1K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$65.1K $54.24/SF
− Vacancy
−$14.3K −$11.93/SF
EGI
$50.8K $42.31/SF
− OpEx
−$12.7K −$10.58/SF
NOI
$38.1K $31.73/SF
Area
Middlesex County, MA
Vacancy
22.00%
Lease Rate
$54.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,520
Cap Rate 7%
$543,943
Cap Rate 9%
$423,067
Alternative Uses
Best Use
Office B
$543.9K
$476.0K – $634.6K
NOI $38,076 @ 7.0% cap · market cap 2,538.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$710.4K
$621.6K – $828.8K
NOI $49,728 @ 7.0% cap · market cap 3,315.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,009
Businesses Nearby
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Business Placement
Demographics for 01824, MA
26,881
Population
10,301
Households
2.6
Avg Household Size
44
Median Age
57%
College-Educated
96%
High-School Grad
18.1 sq mi
ZIP Area
1,485
Density / Sq Mi
$141,337
Median Household Income
$75,753
Median Earnings
$2,076
Median Rent
$590,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Middlesex County, MA
Properties on Market for Office Units in Middlesex County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Three enclosed offices, an open work area, and two restrooms support a range of professional services.
Where is this office unit located?
The property is located at 11 Summer Street #2 Chelmsford, MA.
What are key features of this property?
This property features: Approximately 1,200 square feet; Corner suite with an open work area and three private offices; Two restrooms
