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    Property profile & analytics
    FOR LEASE
    Super regional malls

    116 Chelmsford St, Chelmsford, MA 01824

    11,079 SF 1.21 ac lot Built 2009
    Entity Owned 17-yr Hold ~ Est. High Equity
    Property ID
    US38-1221067
    Property summary
    AI-generated overview

    This exceptional 2,689 square foot retail space is situated in a thriving, Class A plaza in Chelmsford, Middlesex County. The property is part of a single-story building, offering excellent visibility and accessibility. Currently vacant, this inline space presents a unique opportunity for businesses seeking a high-traffic location. The plaza boasts a strong anchor tenant lineup, including 110 Grill and Berkshire Bank, ensuring consistent foot traffic and brand synergy. This prime retail space is ideally located just off Route 495, providing convenient access for customers and employees alike. The multiple tenancy setup allows for a collaborative and vibrant atmosphere. The space is categorized as inline, strip mall, plaza, and day spa suitable, offering flexibility for a variety of retail concepts. The property's Class A designation reflects its superior construction, amenities, and overall quality. This is an exceptional opportunity to establish or expand your business in a highly desirable and visible location. The 2,689 square feet provide ample space for a variety of retail uses, allowing for creative layout and design to suit your specific needs. Don't miss this chance to secure a prominent position in a successful and well-established commercial center. Contact us today to schedule a viewing and explore the possibilities.

    Property profile
    Verified
    Property type Super regional malls
    Use group REGIONAL SHOPPING CENTER, MALL
    Year built 2009
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 11,079 SF
    Lot 1.21 ac (52,708 SF)
    Zoning code CD
    APN CHEL M:0062 B:0295 L:8
    UPID US38-1221067
    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
    $2.07M
    Owner & transaction history
    Ryan Dev LLC · 17 yrs held
    Ryan Dev LLC
    since 2008
    1 recorded transaction
    2008
    $750,000
    Zoning & alternative use
    CD · Chelmsford, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $3.2M +4.8%
    Auto repair, garage $3.1M +1.6%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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