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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Office buildings
10 Nn Rd Chelmsford, MA 01824-2711
Individually Owned
23-yr Hold
~
Est. High Equity
Property ID
US38-1810922
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1896
Construction
FRAME
Total area
3,314 SF
Lot
0.65 ac (28,314 SF)
Zoning code
RB
APN
CHEL M:0073 B:0315 L:8
UPID
US38-1810922
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$315k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$497k
Blend (final)
Blend
$505k
Owner & transaction history
North Road RT · 23 yrs held
North Road RT
since 2003
7 recorded transactions
Zoning & alternative use
RB · Chelmsford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
These are low-density single-family residence districts.
Zone name
Single Residence
General category
RESIDENTIAL
Zone area
9,756.18 ac
Source
Realmo
Top alternative use upside
Warehouse, storage
$480,000
+25.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chelmsford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chelmsford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$385,000
Current use
WAREHOUSE, STORAGE
$480,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$152 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$13,147
Tax year 2024
Assessed value
$763,500
Assessed 2024
Previous assessed
$712,900
+7.1% YoY
Effective rate
1.72%
On assessed value
Assessed land
$272,000
Assessed improvement
$491,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1896
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
2
Total area
3,314 SF
Lot
0.65 ac (28,314 SF)
Zoning code
RB
APN
CHEL M:0073 B:0315 L:8
UPID
US38-1810922
Jurisdiction
CHELMSFORD
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
RB · Chelmsford, MAZoning RB · permitted uses
RB · Chelmsford, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
These are low-density single-family residence districts.
Zone name
Single Residence
General category
RESIDENTIAL
Zone area
9,756.18 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$385,000
WAREHOUSE, STORAGE
Est. value
$480,000
OFFICE BUILDING Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1896
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
2
Lot
0.65 ac
Current owner
From public records · entity-resolved
North Road RT
Individual
Mailing address
10 NN RD, CHELMSFORD, MA 01824-2711
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2012
—
10 North Road RT
—
Deed Of Trust
related
$200,000 · Constance W Lampert
Nov 2, 2012
—
10 North Road RT
—
Deed Of Trust
related
$2,057,000 · North Shore Bank
Feb 8, 2008
—
Lampert,alan G Tr
—
Deed Of Trust
related
$900,000 · North Shore Bank
May 30, 2003
—
Lampert,alan G Tr
—
Deed Of Trust
related
$200,000 · Constance W Lampert
Apr 30, 2003
$1,000,000
North Road RT
Hildreth RT
Grant Deed
$800,000 · Banknorth NA
Feb 15, 2001
—
Hildreth RT
—
Deed Of Trust
related
$572,000 · First Essex Savings Bank
Mar 27, 1998
—
Hildreth RT
—
Deed Of Trust
related
$45,000 · First Essex Savings Bank
Jul 18, 1990
—
Alan G Lampert
—
Deed Of Trust
related
$100,000 · Zwi Kohorn
Mar 31, 1989
$730,000
George Tebbetts
Lambert,richard O
Grant Deed
$302,000 · Zions First National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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