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Property profile & analytics
OFF-MARKET
Estimated value
$13,115,000
Retail properties & Spaces
121 Webster Ave Chelsea, MA 02150-3723
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1513178
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
63,920 SF
Lot
3.52 ac (153,253 SF)
Zoning code
SHOP C
APN
CHEL M:066 P:009
UPID
US38-1513178
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
-
Dollar General Discount Store
-
Boston Playground Family Recreation Center
-
Archery Games | Boston Sports Field & Court
-
Room Escape Boston Arcade & Gaming Center
-
KeyMe Locksmiths Locksmith
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.12M
Owner & transaction history
Webster Chelsea Commons · 4 yrs held
Webster Chelsea Commons
since 2022
Last sale
$13.7M
7 recorded transactions
Zoning & alternative use
SHOP C · 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
Method
Estimation
Statistic approach
$11,910,000
ML approach
$8,215,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$21,600,000
Change: -11% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$20,710,000
Change: -15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$19,720,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$13.12M
Range $11.80M – $14.43M · ±10% · vs last sale $13.72M (Jan 14 2022)
Last sale anchor
$13.72M
Jan 14 2022
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
$205 / 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
$227,542
Tax year 2024
Assessed value
$9,580,700
Assessed 2024
Previous assessed
$7,268,800
+31.8% YoY
Effective rate
2.38%
On assessed value
Assessed land
$878,100
Assessed improvement
$8,702,600
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
4
Total area
63,920 SF
Lot
3.52 ac (153,253 SF)
Zoning code
SHOP C
APN
CHEL M:066 P:009
UPID
US38-1513178
Jurisdiction
CHELSEA
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
SHOP C · Chelsea, MA
Zoning SHOP C · permitted uses
SHOP C · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$21.6M
INDUSTRIAL (GENERAL)
Est. value
$20.7M
COMMERCIAL (GENERAL)
Est. value
$19.7M
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
4
Lot
3.52 ac
Current owner
From public records · entity-resolved
Webster Chelsea Commons
Individual
Mailing address
68 HARRISON AVE, BOSTON, MA 02111-1929
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2025
—
Webster Chelsea Commons
—
Deed
related
$6,146,000 · North Shore Bank
Oct 11, 2022
—
Webster Chelsea Commons
—
Deed
related
$727,500 · North Shore Bank
Jan 14, 2022
$13,715,000
Webster Chelsea Commons
Caru Chelsea LLC
Quit Claim Arm's Length For Ne States
$10,286,250 · North Shore Bank
Apr 30, 2020
—
Caru Chelsea LLC
—
Deed
related
$1,000,000 · Cambridge Tr
Feb 10, 2012
—
Caru Chelsea LLC
—
Deed Of Trust
related
$3,600,000 · Cambridge Trust Co
Apr 8, 2011
—
Caru Chelsea LLC
—
Deed Of Trust
related
$2,650,000 · Cambridge Trust Co
Dec 27, 2007
—
Caru Chelsea LLC
—
Deed Of Trust
related
$247,500 · Carl F Barron
Aug 9, 2007
—
Caru Chelsea LLC
—
Deed Of Trust
related
$2,900,000 · Caru Associates
—
—
Caru Chelsea LLC
—
Deed Of Trust
related
$2,550,000 · Cambridge Tr
—
—
Caru Chelsea LLC
—
Deed Of Trust
related
$1,000,000 · Cambridge Tr
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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