Adaptable Retail/Flex Building
61 Parkhurst Rd, Chelmsford, MA 01824
11,495 SF retail/flex building in Chelmsford, Massachusetts for sale.
Type:Retail
Property size:
11,495 SFPrice / SF:
$187/SF- Added:
- Feb 6, 2026
- Days on Market:
- 100
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 61 Parkhurst Rd
General Information
- Standard status
- Active
- Size
- 11,495 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1976
Listing agent Henry McKenney License #1002173
Listing office Marcus & Millichap - Boston
Listing date Feb 6, 2026
Source Crexi
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 Marcus & Millichap - Boston
HighLights
- Adaptable 11,495‑square‑foot retail/flex building suitable for owner‑user, investor, or hybrid operator.
- Delivered fully vacant and ready for immediate occupancy.
- Strategically located 0.25 miles from MA‑3 and less than two miles from I‑495, providing exceptional accessibility.
- Features two drive‑in doors and open, flexible floor plates.
- Located in Chelmsford, an economically resilient town with a strong workforce and sustained commercial growth.
- Proximity to national retailers (Walmart, Hannaford, Starbucks, Chipotle) driving significant daily traffic.
Overview
Located at 61 Parkhurst Road in Chelmsford, Massachusetts, this 11,495-square-foot building offers adaptable retail and flex space. The property is delivered fully vacant and ready for immediate occupancy, presenting an opportunity for an owner-user, investor, or hybrid operator seeking functional space with accessibility. Previously occupied by Middlesex Rental and a dance studio, the building includes two drive-in doors, open floor plates, and flexible layouts suitable for retail, industrial, or flex users. The property is located 0.25 miles from MA-3 and less than two miles from I-495, within a logistics and transportation network. Several national retailers along Drum Hill Road, including Walmart, Hannaford, Starbucks, and Chipotle, are located nearby. Chelmsford's economy has evolved into a modern innovation hub with a diversified employer base across technology, healthcare, education, and manufacturing. This transformation, paired with regional partnerships and technical training pipelines, continues to attract businesses seeking stability, skilled labor, and accessible infrastructure.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.84M
NOI $165,216 @ 9.00% cap · cautious / downside scenario
Moderate
$2.36M
NOI $165,216 @ 7.00% cap · market / base-case scenario
Aggressive
$3.30M
NOI $165,216 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $252.4k | $21.96 |
| − Vacancy | −$16.4k | −$1.43 |
| EGI | $236.0k | $20.53 |
| − OpEx | −$70.8k | −$6.16 |
| NOI | $165.2k | $14.37 |
11,495 SF · lease $21.96/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$2.36M
$2.07M – $2.75M
NOI $165,216 @ 7.0% cap · market cap 7.68%
Second Best
Industrial
$1.75M
$1.53M – $2.04M
NOI $122,271 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$6.80M
$5.95M – $7.94M
NOI $476,350 @ 7.0% cap · market cap 22.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Chelmsford
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.359163
- Latitude
- 42.6224821
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - 11,495 SF retail/flex building in Chelmsford, Massachusetts for sale.
Where is this retail space located?
The property is located at 61 Parkhurst Rd Chelmsford, MA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Adaptable 11,495‑square‑foot retail/flex building suitable for owner‑user, investor, or hybrid operator.; Delivered fully vacant and ready for immediate occupancy.; Strategically located **0.25 miles from MA‑3 and less than two miles from I‑495, providing exceptional accessibility.**
