Mixed-Use Property with
For Sale
$1,500,000
47 Chelmsford St, Chelmsford, MA 01824
Well-maintained commercial and residential property with flexible retail space and two renovated apartments.
Property Size5,456 SF
Price / SF$274.93
Days on Market132
Property Features for 47 Chelmsford St
General Information
Standard status
Active
Size
5,456 SF
Units
Unit Mix
1 x 2BR/office/2BA, 1 x 2BR/2BA
Multifamily Units
2
Building Details
Year Built
1969
Buildings
1
Listing Agency:
Commonwealth Standard Realty Advisors
Listed By:
Nicole Canavan
Source:
Gooddeedsrealtypartners
Added: Apr 21
Changed: Aug 30
Last Checked: Aug 25 at 4:45AM
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 Commonwealth Standard Realty Advisors
Investment Insights
Based on property information with market context.
Located at 47 Chelmsford Street in Chelmsford, Massachusetts, this 5,456-square-foot mixed-use property combines ground-floor commercial space with residential units above. Built in 1969, the building includes 2,896 square feet of commercial area currently configured for convenience-store operations. The space is fully ADA accessible, has on-site parking, and can be divided into two units. The commercial area will be delivered vacant at closing, while existing inventory may be acquired separately.
The second floor contains two fully renovated apartments. One apartment offers two bedrooms, an office, two bathrooms, and adjacent laundry. The other includes two bedrooms, two bathrooms, and in-unit laundry. Both residential leases are guaranteed by the seller, and each apartment tenant is responsible for individual utilities. Together, the commercial and residential components create a property with distinct operating areas and flexible occupancy options.
The second floor contains two fully renovated apartments. One apartment offers two bedrooms, an office, two bathrooms, and adjacent laundry. The other includes two bedrooms, two bathrooms, and in-unit laundry. Both residential leases are guaranteed by the seller, and each apartment tenant is responsible for individual utilities. Together, the commercial and residential components create a property with distinct operating areas and flexible occupancy options.
Key Highlights
- 5,456‑square‑foot mixed‑use property at 47 Chelmsford Street, Chelmsford, MA 01824
- 2,896 square feet of first‑floor commercial space
- Commercial area can be divided into two separate units and is fully ADA accessible
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$108,556
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,171,120
$2.2M
Cap Rate 7%
$1,550,800
$1.6M
Cap Rate 9%
$1,206,178
$1.2M
Market Conditions
NOI Build-Up for 5,456 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$208.2K $38.16/SF
− Vacancy
−$10.8K −$1.98/SF
EGI
$197.4K $36.18/SF
− OpEx
−$88.8K −$16.28/SF
NOI
$108.6K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,171,120
Cap Rate 7%
$1,550,800
Cap Rate 9%
$1,206,178
Alternative Uses
Best Use
Apartment 5plus
$1.55M
$1.36M – $1.81M
NOI $108,556 @ 7.0% cap · market cap 7.24%
Second Best
Specialty Retail
$1.46M
$1.28M – $1.70M
NOI $102,198 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$3.23M
$2.83M – $3.77M
NOI $226,095 @ 7.0% cap · market cap 15.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,105
Businesses Nearby
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 Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Well-maintained commercial and residential property with flexible retail space and two renovated apartments.
Where is this mixed-use property located?
The property is located at 47 Chelmsford St Chelmsford, MA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 5,456‑square‑foot mixed‑use property at 47 Chelmsford Street, Chelmsford, MA 01824; 2,896 square feet of first‑floor commercial space; Commercial area can be divided into two separate units and is fully ADA accessible
