New search
Property profile & analytics
FOR SALE
Medical Office Space
14 Chestnut Pl, Ludlow, MA 01056
Entity Owned
2-yr Hold
Free & Clear
Property ID
US38-1240452
For Sale
1 / 30
$1,305,000
14 Chestnut Pl, Ludlow, MA 01056
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
59,106 SF
Lot
0.55 ac (23,779 SF)
APN
LUDL M:13C B:3800 P:54
UPID
US38-1240452
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
-
Rehabilitation Hospital W Mass Medical Clinic
-
WIC Program Ludlow Social Service Agency Charitable Organization
-
Ludlow Hospital Hospital
-
Gandara Center Avadanza Medical Clinic
-
Innovative Renal Care Ludlow Dialysis Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$840k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.77M
Blend (final)
Blend
$1.31M
Owner & transaction history
Northeastern Invs LLC · 2 yrs held
Northeastern Invs LLC
since 2024
7 recorded transactions
Zoning & alternative use
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 Ludlow submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ludlow 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
by Request
ML approach
$840,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.31M
Range $1.17M – $1.44M · ±10%
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
$22 / 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
$33,132
Tax year 2024
Assessed value
$1,831,500
Assessed 2024
Previous assessed
$1,831,500
+0.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$159,200
Assessed improvement
$1,672,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Rooms
12
Total area
59,106 SF
Lot
0.55 ac (23,779 SF)
APN
LUDL M:13C B:3800 P:54
UPID
US38-1240452
Jurisdiction
LUDLOW
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Rooms
12
Lot
0.55 ac
Current owner
From public records · entity-resolved
Northeastern Invs LLC
Entity
Free & Clear · 2 yrs held
Mailing address
14 CHESTNUT PL, LUDLOW, MA 01056-3476
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2024
—
Northeastern Invs LLC
Midamerica Properties LLC
Deed
—
Sep 25, 2023
$1,648,000
Northeastern Invs LLC
Midamerica Properties LLC
Quit Claim Arm's Length For Ne States
—
Jul 10, 2023
—
Midamerica Properties LLC
Westgate INC
Quit Claim Deed
related
—
Apr 15, 1998
—
Midamerica Prop LLC
—
Deed Of Trust
related
$1,000,000 · Albank Fsb
Dec 17, 1996
$100,000
Midamerica Prop INC
Ludlow Hospital Soc
Grant Deed
—
Apr 25, 1991
—
Ludlow Hospital Soc
—
Deed Of Trust
related
$399,900 · Ne Allbank For Savings
Apr 26, 1990
—
Ludlow Hospital Soc
—
Deed Of Trust
related
$450,000 · Shawmut First Bk & Tr
Oct 9, 1987
—
Ludlow Hospital
—
Deed Of Trust
related
$400,000 · Ne Allbank For Svgs
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
