Building Details

Building Size 1,855 SF

Year Built 1855

Listing Agency: Keller Williams Realty-Merrimack Show Phone

Listed By: The Espinola Group Show Phone

Source: Iverty

Added: Sep 30 Changed: Oct 31 Last Checked: Oct 30 at 5:08PM

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Investment Insights

Based on property information with market context.

Set on 4.02 acres, this 1855 property brings together a residence, retail/store space, three greenhouses, and two separate mixed-use spaces. The garden-center operation has used well water, and its space has been rented for the past six years. The mixed-use areas may accommodate business uses or an apartment, subject to applicable approvals.

The residence has an open-concept country kitchen, a family room with a gas stove, updated windows, and a large attic. The boiler is approximately five years old, and the hot water tank was installed in 2025.

Key Highlights

• 4.02‑acre property with a garden center, residence, and commercial space
• Three greenhouses; garden‑center space uses well water
• Garden‑center space has been rented for the past six years

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,608

Cap Rate

3.06%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$612,160 $612.2K

Cap Rate 7%

$437,257 $437.3K

Cap Rate 9%

$340,089 $340.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,855 SF

Gross rent

$55.7K $30.00/SF

− Vacancy

−$6.7K −$3.60/SF

EGI

$49.0K $26.40/SF

− OpEx

−$18.4K −$9.90/SF

NOI

$30.6K $16.50/SF

Area

Middlesex County, MA

Vacancy

12.00%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$612,160

Cap Rate 7%

$437,257

Cap Rate 9%

$340,089

Alternative Uses

Best Use

Mixed Use

$437.3K

$382.6K – $510.1K (±1% cap)

NOI $30,608 @ 7.0% cap · market cap 3.06%

Second Best

Retail

$380.9K

$333.3K – $444.4K (±1% cap)

NOI $26,662 @ 7.0% cap · market cap 2.67%

Theoretical Best

Office A

$1.10M

$960.9K – $1.28M (±1% cap)

NOI $76,871 @ 7.0% cap · market cap 7.69%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Nursery and garden centers

Suggested Use

Top Pick Law Firm Restaurant Dental Office Hair Salon Spa & Massage Center Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

49

Businesses Nearby

Balanced

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 Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Nursery and garden center - The property combines retail space, a residence, and two separate mixed-use areas.

Where is this nursery and garden center located?

The property is located at 246 Acton Road Chelmsford, MA.

What is the asking price?

The asking price for this property is $999,900.

What are key features of this property?

This property features: 4.02‑acre property with a garden center, residence, and commercial space; Three greenhouses; garden‑center space uses well water; Garden‑center space has been rented for the past six years