Realmo Analytics

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Financial
Distress signals
Property profile

124 2Nd St Chelsea, MA 02150

FOR LEASE
Other warehouses
Property ID
US38-0817900
73,734 SF 2.48 ac lot Built 1976
Entity Owned Owner of record is a legal entity (LLC / corporation). 22-yr Hold Held for 22 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 124 2nd Street in Chelsea, Massachusetts is a warehouse and distribution facility offering approximately 17,118 to 43,230 square feet of industrial space configured with flexible layouts. The space is suitable for a range of industrial uses, including warehouse and distribution, manufacturing, and logistics operations. The building is located in an industrial area and provides convenient access to Boston, including proximity to Logan International Airport and major highway connections, supporting regional and last-mile distribution.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$184k
Tax billed · 2024
Assessed value$7.76M
Assessed land$1.52M
Assessed improvement$6.25M
Effective rate2.38%

Value estimate

· Oct 2026
$7.87M
$7.08M – $8.65M

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
INDUST
JurisdictionCHELSEA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency61.8
Building Supply43.7
Law Firm36.2

Location

124 2Nd St Chelsea, MA 02150
County assessor Recorded deeds · 1 transfer 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
284 Eastern, Chelsea, MA 02150-3308 $20,000,000 Oct 2024 22,000 SF
114 Carter, Chelsea, MA 02150-1551 $4,500,000 Oct 2022 17,160 SF
115 Carter, Chelsea, MA 02150-1537 $5,825,000 Jul 2021 22,372 SF
25 Griffin, Chelsea, MA 02150-3377 $7,500,000 Jun 2021 25,258 SF
201 Cres, Chelsea, MA 02150-3072 $2,650,000 May 2020 29,856 SF
45 Spruce, Chelsea, MA 02150-2345 $6,000,000 Dec 2019 26,762 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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