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Property profile & analytics
FOR LEASE
Office Spaces
11 Summer St 2 Chelmsford, MA 01824
Individually Owned
24-yr Hold
Free & Clear
Property ID
US38-0796796
For Lease
1 / 12
$3,000/Mo
11 Summer St,Unit 2, Chelmsford, MA 01824
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1981
Total area
1,250 SF
Zoning code
CC
APN
CHEL M:0084 B:0341 L:2 U:2
UPID
US38-0796796
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kgn RT · 24 yrs held
Kgn RT
since 2002
Last sale
$125,000
4 recorded transactions
Zoning & alternative use
CC · Chelmsford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
These are commercial districts designed to allow the clustering of stores, offices and so on around a central parking area. These are high traffic generators usually located on major roads.
Zone name
Shopping Center
General category
COMMERCIAL
Zone area
114.15 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,798
Tax year 2024
Assessed value
$162,500
Assessed 2024
Previous assessed
$141,600
+14.8% YoY
Effective rate
1.72%
On assessed value
Assessed improvement
$162,500
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
For Lease
Year built
1981
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Bathrooms
2
Total area
1,250 SF
Zoning code
CC
APN
CHEL M:0084 B:0341 L:2 U:2
UPID
US38-0796796
Jurisdiction
CHELMSFORD
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
CC · Chelmsford, MAZoning CC · permitted uses
CC · Chelmsford, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
These are commercial districts designed to allow the clustering of stores, offices and so on around a central parking area. These are high traffic generators usually located on major roads.
Zone name
Shopping Center
General category
COMMERCIAL
Zone area
114.15 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1981
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Bathrooms
2
Current owner
From public records · entity-resolved
Kgn RT
Individual
Free & Clear · 24 yrs held
Mailing address
11 SUMMER ST STE #2, CHELMSFORD, MA 01824-3064
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2002
$100,000
Kgn RT
Davidson-heller,karen
Grant Deed
—
Mar 3, 1995
—
Karen Davidson-hellen
—
Deed Of Trust
related
$29,000 · Raymond J Greenwood
Feb 27, 1995
$15,000
James G Heller
Shanahan,joseph JR
Grant Deed
—
Dec 22, 1994
$1,000
Marketplace Office Pk
Shanahan,joseph
Grant Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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