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Property profile & analytics
OFF-MARKET Estimated value $2,070,000
Super regional malls

116 Chelmsford St Chelmsford, MA 01824-2750

11,079 SF 1.21 ac lot Built 2009
Entity Owned 17-yr Hold ~ Est. High Equity
Property ID
US38-1221067
Property summary
AI-generated overview

This exceptional 2,689 square foot retail space is situated in a thriving, Class A plaza in Chelmsford, Middlesex County. The property is part of a single-story building, offering excellent visibility and accessibility. Currently vacant, this inline space presents a unique opportunity for businesses seeking a high-traffic location. The plaza boasts a strong anchor tenant lineup, including 110 Grill and Berkshire Bank, ensuring consistent foot traffic and brand synergy. This prime retail space is ideally located just off Route 495, providing convenient access for customers and employees alike. The multiple tenancy setup allows for a collaborative and vibrant atmosphere. The space is categorized as inline, strip mall, plaza, and day spa suitable, offering flexibility for a variety of retail concepts. The property's Class A designation reflects its superior construction, amenities, and overall quality. This is an exceptional opportunity to establish or expand your business in a highly desirable and visible location. The 2,689 square feet provide ample space for a variety of retail uses, allowing for creative layout and design to suit your specific needs. Don't miss this chance to secure a prominent position in a successful and well-established commercial center. Contact us today to schedule a viewing and explore the possibilities.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 2009
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 11,079 SF
Lot 1.21 ac (52,708 SF)
Zoning code CD
APN CHEL M:0062 B:0295 L:8
UPID US38-1221067
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.07M
Owner & transaction history
Ryan Dev LLC · 17 yrs held
Ryan Dev LLC
since 2008
1 recorded transaction
2008
$750,000
Zoning & alternative use
CD · Chelmsford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $3.2M +4.8%
Auto repair, garage $3.1M +1.6%
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