Second-Floor Office
201 Chelmsford Street # 2nd Floor, Chelmsford, MA 01824
For Sale
Contact for pricing
Spacious office unit with multiple private rooms and flexibility for a revised layout.
Property Size1,820 SF
Price / SF$1.37
Days on Market1166
Property Features for 201 Chelmsford Street # 2nd Floor
General Information
Standard status
Size
Property subtype
Zoning
Lease Type
Additional Details
Floor
Building Details
Building Size
Year Built
Listing Agency:
Dick Lepine Real Estate,Inc.
(978) 441-2100
Listed By:
Michael McDowell
(508) 662-1213
Source:
Churchillprop
Added: Aug 30, 2023
Changed: Nov 3
Last Checked: Nov 6 at 6:54AM
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 Dick Lepine Real Estate,Inc.
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Investment Insights
Based on property information with market context.
Located on the second floor of a 1947 commercial building, this 1,820-square-foot office unit includes 11 offices and is designated CB zoning. The layout supports professional and business operations, with the owner willing to reconfigure the space for users seeking smaller square footage.
The property is positioned along Route 110 at 201 Chelmsford Street in Chelmsford, Massachusetts. Its visible roadway setting provides direct exposure to passing traffic, while the existing office configuration allows an occupant to use the space as currently arranged or pursue a modified plan.
The property is positioned along Route 110 at 201 Chelmsford Street in Chelmsford, Massachusetts. Its visible roadway setting provides direct exposure to passing traffic, while the existing office configuration allows an occupant to use the space as currently arranged or pursue a modified plan.
Key Highlights
- 1,820‑square‑foot second‑floor office unit
- 11‑office layout suitable for professional and business operations
- Owner willing to reconfigure the unit for smaller square footage requirements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,749
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,154,980
$1.2M
Cap Rate 7%
$824,986
$825.0K
Cap Rate 9%
$641,656
$641.7K
Market Conditions
NOI Build-Up for 1,820 SF
Gross rent
$98.7K $54.24/SF
− Vacancy
−$21.7K −$11.93/SF
EGI
$77.0K $42.31/SF
− OpEx
−$19.2K −$10.58/SF
NOI
$57.7K $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%
$1,154,980
Cap Rate 7%
$824,986
Cap Rate 9%
$641,656
Alternative Uses
Best Use
Office B
$825.0K
$721.9K – $962.5K
NOI $57,749 @ 7.0% cap · market cap 2,309.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$942.8K – $1.26M
NOI $75,420 @ 7.0% cap · market cap 3,016.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
599
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
$590,900
Median Home Value
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Market
Average Price Trend$/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 - Spacious office unit with multiple private rooms and flexibility for a revised layout.
Where is this office unit located?
The property is located at 201 Chelmsford Street # 2nd Floor Chelmsford, MA.
What are key features of this property?
This property features: 1,820‑square‑foot second‑floor office unit; 11‑office layout suitable for professional and business operations; Owner willing to reconfigure the unit for smaller square footage requirements
