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Property profile & analytics
FOR SALE
Office buildings
111 Shurtleff St, Chelsea, MA 02150
Individually Owned
26-yr Hold
Free & Clear
Property ID
US38-1798445
For Sale
1 / 18
$320,000
111 Shurtleff St, Chelsea, MA 02150
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Property summary
AI-generated overview
This single-story, 1,080 square foot Class C office building in Chelsea, Massachusetts, is available for $425,000. Located on a 1,108 square foot corner lot, this vacant property offers an open floor plan ideal for various business uses. A full bathroom is conveniently located on the first floor, and additional storage space is available in the basement. Its central location provides easy access to major transportation hubs, including the Chelsea MBTA Commuter Rail Station, the MBTA Silver Line, and numerous bus routes. This strategic positioning ensures convenient commutes to Logan Airport, Downtown Boston, and the Seaport District. The property's excellent accessibility and flexible layout make it an attractive investment opportunity for businesses seeking a well-situated space in a thriving area. The building is situated in Suffolk County, MA, with the address being 111 Shurtleff St, Chelsea, MA 02150.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1935
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,075 SF
Lot
0.03 ac (1,108 SF)
Zoning code
R3
APN
CHEL M:020 P:102
UPID
US38-1798445
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
Current use
Occupant on record · Public records
-
D & S General Contracting Construction Company General Contractor
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
Shurtleff Street RT · 26 yrs held
Shurtleff Street RT
since 1999
4 recorded transactions
Zoning & alternative use
R3 · Chelsea, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Chelsea submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chelsea 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
$6,769
Tax year 2024
Assessed value
$285,000
Assessed 2024
Previous assessed
$276,700
+3.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$55,200
Assessed improvement
$229,800
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1935
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Rooms
2
Total area
1,075 SF
Lot
0.03 ac (1,108 SF)
Zoning code
R3
APN
CHEL M:020 P:102
UPID
US38-1798445
Jurisdiction
CHELSEA
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
R3 · Chelsea, MA
Zoning R3 · permitted uses
R3 · Chelsea, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chelsea. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1935
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Rooms
2
Lot
0.03 ac
Current owner
From public records · entity-resolved
Shurtleff Street RT
Individual
Free & Clear · 26 yrs held
Mailing address
111 SHURTLEFF ST, CHELSEA, MA 02150-3213
Ownership since
1999
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
Dec 30, 1999
$327,000
Shurtleff Street RT
S&r RT
Grant Deed
—
Nov 5, 1997
—
Constantine Stamos
—
Deed Of Trust
related
$50,000 · Century Bank & Trust Co
Jul 21, 1994
$45,000
Constantine Stamos
Berk,philip
Grant Deed
$33,000 · Zenon Grzybowski
Mar 23, 1987
—
S & R Rlty Tr
—
Deed Of Trust
related
$1,100,000 · Century Bk Suffolk
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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