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Financial
Distress signals
Property profile

388 Broadway Chelsea, MA 02150

OFF-MARKET
Retail properties & Spaces
Property ID
US38-1514453
4,480 SF 0.05 ac lot Built 1898
Last sale Jun 1998 · $175,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$15k
Tax billed · 2024
Assessed value$636k
Assessed land$175k
Assessed improvement$460k
Effective rate2.37%

Value estimate

· Oct 2026
$185k
$167k – $204k
AI approach$145k

Realmo valuation models over county records and 21 qualifying comparable sales.

Recently sold

What actually traded nearby?
$381/SF
County average, outlier-cleaned · 107 recorded sales of this use type
Observed band · Q1–Q3$181 – $690
Qualifying comparables21

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BR
The purpose of the BR district is to provide a downtown area with the range of business sales and services which generally constitute a c...
General categoryCOMMERCIAL
JurisdictionCHELSEA

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm13.7
Skin Care Clinic12.6
HVAC Service10.3

Location

388 Broadway Chelsea, MA 02150-2871
County assessor Recorded deeds · 3 transfers 21 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
447 Eastern, Chelsea, MA 02150 $985,000 Oct 2024 2,668 SF
890 Broadway, Chelsea, MA 02150-3056 $900,000 Jun 2024 4,079 SF
290 4th, Chelsea, MA 02150-1524 $4,500,000 Oct 2022 7,360 SF
936 Broadway, Chelsea, MA 02150-2213 $2,750,000 Oct 2022 3,225 SF
900 Broadway, Chelsea, MA 02150-2213 $380,000 Jul 2021 4,476 SF
16 Everett, Chelsea, MA 02150-2760 $335,000 Apr 2020 4,283 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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