Technical
Financial
Distress signals
Property profile

1016 Broadway Chelsea, MA 02150

OFF-MARKET
Hotels
Property ID
US38-1846817
66,171 SF 1.58 ac lot Built 2018
Entity Owned 11-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 2018
Construction FRAME
Total area 66,171 SF
Lot 1.58 ac (68,686 SF)
Zoning code BH
APN CHEL M:076 P:009
UPID US38-1846817

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1016 Broadway Chelsea, MA 02150
Chelsea metro Census 160601 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.29M

Owner & transaction history

since 2015
6 recorded transactions
2017
Price N/A
2015
$2.0M
2001
Price N/A
1997
Price N/A
1988
Price N/A
1969
Price N/A

Zoning & alternative use

BH · Chelsea, MA
Zoning description

The purpose of the BH district is to provide areas for retail businesses serving vehicles and for automotive sales and services.

General category COMMERCIAL
Top alternative use upside
Office building $9.2M +553.8%
Restaurant $8.6M +513.4%
Auto repair, garage $6.7M +374.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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