Connected Flex
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131 Stedman Street # 9 & 10, Chelmsford, MA 01824
Two joined industrial condominium units provide open interior space with an adaptable configuration.
Property Size10,106 SF
Price / SF$0.00
Days on Market2
Property Features for 131 Stedman Street # 9 & 10
General Information
Standard status
Active
Size
10,106 SF
Property subtype
Commercial
Zoning
IA
Lease Type
NNN
Taxes and HOA fees
Annual Taxes
$13,679
Building Details
Building Size
10,106 SF
Year Built
1989
Listing Agency:
Barrett Sotheby's International Realty
(978) 692-6141
Listed By:
The Edwards Realty Team
(978) 804-3523
Source:
Churchillprop
Added: Oct 30
Last Checked: Oct 30 at 3:20PM
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 Barrett Sotheby's International Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex-space condominium combines Units 9 and 10 in an industrial park. The 10,106-square-foot interior has an open layout that can be configured or separated to suit operational needs. The property was built in 1989 and is zoned IA (Industrial A).
On-site parking is available within the park setting at 131 Stedman Street in Chelmsford, Massachusetts.
On-site parking is available within the park setting at 131 Stedman Street in Chelmsford, Massachusetts.
Key Highlights
- 10,106 square feet across connected Units 9 and 10
- IA (Industrial A) zoning
- Open interior layout can be divided as needed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,118
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,002,360
$1.0M
Cap Rate 7%
$715,971
$716.0K
Cap Rate 9%
$556,867
$556.9K
Market Conditions
NOI Build-Up for 10,106 SF
Gross rent
$82.5K $8.16/SF
− Vacancy
−$5.4K −$0.53/SF
EGI
$77.1K $7.63/SF
− OpEx
−$27.0K −$2.67/SF
NOI
$50.1K $4.96/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,002,360
Cap Rate 7%
$715,971
Cap Rate 9%
$556,867
Alternative Uses
Best Use
Industrial
$1.54M
$1.34M – $1.79M
NOI $107,497 @ 7.0% cap · market cap 597,205.56%
Second Best
Flex RnD
$716.0K
$626.5K – $835.3K
NOI $50,118 @ 7.0% cap · market cap 278,433.33%
Theoretical Best
Office A
$5.98M
$5.23M – $6.98M
NOI $418,790 @ 7.0% cap · market cap 2,326,611.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Moe's Southwest Grill — 90 Drum Hill Rd, Chelmsford, MA 01824
Frequently Asked Questions
What type of property is this?
Flex space - Two joined industrial condominium units provide open interior space with an adaptable configuration.
Where is this flex space located?
The property is located at 131 Stedman Street # 9 & 10 Chelmsford, MA.
What are key features of this property?
This property features: 10,106 square feet across connected Units 9 and 10; IA (Industrial A) zoning; Open interior layout can be divided as needed
