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Financial
Distress signals
Property profile

1 Forbes St Chelsea, MA 02150

OFF-MARKET
Other investment properties
Property ID
US38-0246737
100,000 SF 17.42 ac lot Built 1900
Last sale Mar 2026 · $8,360,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property consists of a 17.86-acre waterfront land parcel on Chelsea Creek in Chelsea, Massachusetts, including three adjacent parcels on Crescent Avenue. The site is positioned along Route 1A, across from Suffolk Downs, and is within about 10 minutes of Logan International Airport. The land includes four existing “Mill Type” buildings that are described as being in various states of disrepair and deemed unsafe. Previously approved plans for a mixed-use development were included on the site,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$122k
Tax billed · 2022
Assessed value · 2024$21.49M
Assessed land$16.55M
Assessed improvement$4.94M
Effective rate0.57%

Value estimate

· Oct 2026
$11.25M
$10.12M – $12.37M

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$309/SF
ZIP average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$149 – $426
Qualifying comparables9

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?
I
The purpose of the I district is to provide for research, manufacturing, wholesaling, and related distribution activities in locations wi...
General categoryINDUSTRIAL
JurisdictionCHELSEA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency59.8
Building Supply54.8
Wholesale Shop47.3

Location

1 Forbes St Chelsea, MA 02150-3153
County assessor Recorded deeds · 5 transfers 9 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
270 Broadway, Chelsea, MA 02150 $20,000,000 Mar 2025 24,200 SF
154 Pearl, Chelsea, MA 02150-2861 $23,000,000 Jun 2024 74,086 SF
140 Pearl, Chelsea, MA 02150-4504 $650,000 Aug 2023 21,022 SF
218 Broadway, Chelsea, MA 02150-2738 $6,625,000 Dec 2022 26,008 SF
178 Washington, Chelsea, MA 02150-4048 $10,000,000 Aug 2022 27,837 SF
28 Washington, Chelsea, MA 02150-3947 $4,500,000 Mar 2021 23,386 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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