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Property profile & analytics
OFF-MARKET Estimated value $1,380,000
Office buildings

114 Tpke Rd Chelmsford, MA 01824-3571

15,569 SF 1.89 ac lot Built 1994
Entity Owned 6-yr Hold Free & Clear
Property ID
US38-1304661
Property summary
AI-generated overview

This single-story, 15,569 square foot office building at 114 Turnpike Road in Chelmsford, MA, offers multiple tenancy options. Built in 1994, the property sits on a 1.89-acre lot and provides convenient access to Route 3 and I-495. The building features several available suites ranging from 168 to over 5,600 square feet, catering to various business needs. One suite boasts over 5,600 square feet, including nine private offices, a conference room, a break area with a kitchenette, and a large space currently configured as a gym. Another available space, totaling over 4,416 square feet, includes an overhead door, a large conference room, a kitchenette, and multiple private offices. The building's prime location in Chelmsford Center offers proximity to a variety of amenities, including restaurants, banks, and fitness centers. This property presents a unique opportunity for businesses seeking flexible and well-appointed office space in a desirable Massachusetts location. The address is 114 Turnpike Road, Chelmsford, MA 01824. The property features easy highway access and is situated near numerous conveniences. This is a fantastic opportunity for businesses seeking a functional and conveniently located office space.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1994
Construction FRAME
Total area 15,569 SF
Lot 1.89 ac (82,328 SF)
Zoning code IA
APN CHEL M:0086 B:0328 L:38
UPID US38-1304661
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
$1.43M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.41M
Blend (final) Blend
$1.38M
Owner & transaction history
114 Chelmsford LLC · 6 yrs held
114 Chelmsford LLC
since 2020
Last sale
$1.3M
7 recorded transactions
2025
Price N/A
2020
$1.6M
2014
Price N/A
2012
Price N/A
1999
$1.3M
1998
Price N/A
1994
Price N/A
Zoning & alternative use
IA · Chelmsford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

These are areas that are primarily used for office, research development, manufacturing and warehousing.

Zone name Limited
General category INDUSTRIAL
Zone area 1,537.36 ac
Source Realmo
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