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    Property profile & analytics

    1 Albion Pl Chelsea, MA 02150

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1556696
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1 Albion Pl

    Year built
    1900
    Property type
    Commercial real estate

    Description

    This exceptional multifamily investment opportunity comprises a portfolio of four apartment buildings totaling 27 units, located in the desirable Chelsea, MA, 02150 area. Built in 1900, these properties boast a strong, stabilized cash flow and are situated in high-demand, transit-oriented locations with favorable high-density residential characteristics and desirable walk scores. The portfolio benefits from easy access to major highways, public transportation, schools, and a robust amenity base including restaurants, retail, and service businesses. Strong market fundamentals and positive rental demand create a solid foundation for future growth, with upside potential through management efficiencies and rental increases. The buildings are well-maintained with updated finishes, presenting a compelling value-add proposition for discerning investors. Addresses include 1 Albion Pl, 33 Carroll St, and 22 Blossom St, all within Suffolk County. This portfolio offers a rare chance to acquire a well-positioned, income-producing asset in a thriving urban market. The properties are strategically located to benefit from the area's continued growth and increasing demand for rental housing. This is a turnkey investment ready for immediate cash flow and future appreciation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chelsea
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0332444
    Latitude
    42.3963619

    Comparable in this City

    • $1,550,000

      Chelsea Multifamily Investment Opportunity

      Six-unit multifamily in Chelsea's Prattville neighborhood with strong cash flow.
      4 Warren Ave, Chelsea, MA 02150
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    • $2,700,000

      Chelsea Multifamily Asset with Parking

      Newly constructed 6-unit multifamily property with condo finishes and parking.
      43-45 Blossom St, Chelsea, MA 02150
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    • $3,200,000

      Seven Condominium Units Near Boston

      Seven corner condominium units near Boston and Logan Airport.
      175 Cottage St, Chelsea, MA 02150
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    • $499,000

      Spacious Two-Family Home Near Transit

      Two-family home near transit, ideal for investors or conversion.
      65 6Th St, Chelsea, MA 02150
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    • $949,900

      Chelsea Multifamily Investment Opportunity

      Fully occupied three-unit property in a prime Chelsea location.
      837 Broadway, Chelsea, MA 02150
      View Details
    • New
      $1,275,000
      5,976 SF

      Well-Maintained Multifamily in Prattville Area

      Spacious 4-family property with updates and convenient location.
      3 Nichols St, Chelsea, MA 02150
      View Details

    Similar Nearby for Sale

    • $1,550,000

      Chelsea Multifamily Investment Opportunity

      Six-unit multifamily in Chelsea's Prattville neighborhood with strong cash flow.
      4 Warren Ave, Chelsea, MA 02150
      View Details
    • $2,700,000

      Chelsea Multifamily Asset with Parking

      Newly constructed 6-unit multifamily property with condo finishes and parking.
      43-45 Blossom St, Chelsea, MA 02150
      View Details
    • $3,200,000

      Seven Condominium Units Near Boston

      Seven corner condominium units near Boston and Logan Airport.
      175 Cottage St, Chelsea, MA 02150
      View Details
    • $499,000

      Spacious Two-Family Home Near Transit

      Two-family home near transit, ideal for investors or conversion.
      65 6Th St, Chelsea, MA 02150
      View Details
    • $949,900

      Chelsea Multifamily Investment Opportunity

      Fully occupied three-unit property in a prime Chelsea location.
      837 Broadway, Chelsea, MA 02150
      View Details
    • New
      $1,275,000
      5,976 SF

      Well-Maintained Multifamily in Prattville Area

      Spacious 4-family property with updates and convenient location.
      3 Nichols St, Chelsea, MA 02150
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo

      Centrally Located Garage For Lease

      Garage space suitable for contractors, handyman, and tradesman.
      155 Division St, Chelsea, MA 02150
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    • $22 SF/Yr
      3,358 SF

      Multipurpose Warehouse with Office Space

      Warehouse facility featuring industrial space and second-floor office space.
      150 Eastern Ave, Chelsea, MA 02150
      View Details
    • Contact for pricing
      4,075 SF

      Chelsea Office Space For Lease

      Office space for lease in Chelsea's industrial/airport district.
      140 Eastern Ave, Chelsea, MA 02150
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    • $18 SF/Yr
      100,000 SF

      Patriot Office Park: Chelsea Office Space

      Flexible Suites, Prime Chelsea Location
      100 Everett Ave, Chelsea, MA 02150
      View Details
    • Contact for pricing
      32,000 SF

      Chelsea Warehouse with Transit Access

      32,000 SF warehouse near transit in growing Chelsea, MA.
      222 Williams St, Chelsea, MA 02150
      View Details
    • Contact for pricing
      3,074 SF

      Renovated Office Building with Parking

      Renovated office building with exposed brick, high ceilings, and parking.
      46 Arlington St, Chelsea, MA 02150
      View Details
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    1 Albion Pl
    Chelsea, MA 02150
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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