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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Hospitals
11 Fletcher St, Chelmsford, MA 01824-2721
Entity Owned
Free & Clear
Property ID
US38-0857503
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
2009
Construction
FRAME
Total area
6,510 SF
Lot
0.81 ac (35,284 SF)
Zoning code
CD
APN
CHEL M:0073 B:0295 L:26
UPID
US38-0857503
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
$330k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$734k
Blend (final)
Blend
$530k
Owner & transaction history
Screp II Hc Spe LLC
Screp II Hc Spe LLC
since 2025
6 recorded transactions
Zoning & alternative use
CD · Chelmsford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$755,000
+39.1%
Industrial (general)
$750,000
+38.2%
Auto repair, garage
$670,000
+23.2%
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
$330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$540,000
Current use
RESTAURANT
$755,000
Change: +39% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$750,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$670,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$555,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$81 / 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
$38,122
Tax year 2024
Assessed value
$2,213,800
Assessed 2024
Previous assessed
$2,027,800
+9.2% YoY
Effective rate
1.72%
On assessed value
Assessed land
$191,900
Assessed improvement
$2,021,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
2009
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Rooms
5
Bathrooms
3
Total area
6,510 SF
Lot
0.81 ac (35,284 SF)
Zoning code
CD
APN
CHEL M:0073 B:0295 L:26
UPID
US38-0857503
Jurisdiction
CHELMSFORD
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
CD · Chelmsford, MA
Zoning CD · permitted uses
CD · Chelmsford, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chelmsford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$540,000
RESTAURANT
Est. value
$755,000
INDUSTRIAL (GENERAL)
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$670,000
RETAIL STORES
Est. value
$555,000
MEDICAL BUILDING Current
RESTAURANT
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
2009
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Rooms
5
Bathrooms
3
Lot
0.81 ac
Current owner
From public records · entity-resolved
Screp II Hc Spe LLC
Entity
Free & Clear · 0 yrs held
Mailing address
11 FLETCHER ST, CHELMSFORD, MA 01824-2721
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2025
$2,575,000
Screp II Hc Spe LLC
Fletcher St Prop Group
Deed
—
Feb 2, 2010
—
Fletcher St Prop Grp
—
Deed Of Trust
related
$1,094,000 · Bay Colony Dev Corp
Nov 21, 2008
—
Fletcher St Prop Grp LLC
—
Deed Of Trust
related
$1,214,354 · Enterprise Bank & Trust
Nov 28, 2005
$584,000
Fletcher St Prop Grp LLC
Gruber Ft
Grant Deed
$260,000 · Zions First National Bank
Nov 28, 2005
—
Fletcher St Prop Grp LLC
—
Grant Deed
related
$208,000 · Zions First National Bank
Jan 12, 1990
$629,280
Jack Farnham
Simkin,andrew D
Grant Deed
$470,000 · Enterprise Bank & Trust
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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