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    15 Elizabeth Dr Chelmsford, MA 01824-4111

    • Life science properties
    • 134,792 SF
    • 7.66 lot acres
    OFF-MARKET
    Value Estimation
    $7,570,000
    Last Sale
    Feb 07, 2022
    $8,450,000
    Location Intelligence
    Property ID
    US38-1032920
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Life science properties

    Property Details for 15 Elizabeth Dr

    Year built
    1981
    Construction
    STEEL FRAME
    Lot size
    7.66 lot acres
    Property size
    134,792 SF
    Zone code
    IA
    Property type
    Life science properties
    APN
    CHEL M:0105 B:0328 L:1
    APU
    CHELM0105B0328L1

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $7,245,000

    • CAP approach

      CAP return
      Estimation
      6%
      $9,105,000
      6.5%
      $9,035,000
      7%
      $7,725,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $9,470,000
      Geo Method
      $9,440,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $8,195,000
      Retail
      $7,490,000
      Mixed-Use
      $9,180,000
      Hospitality
      $8,875,000
      Educational
      $7,160,000
      Residential Income
      $6,735,000
      Energy
      $7,170,000
      Income-Based Land
      $8,720,000
      Food Service
      $8,090,000

    Location Insight

    • Map
    • Local Demand
    City
    Chelmsford
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3229
    Latitude
    42.5861
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $255,646
    $1,419,300
    $13,426,600
    $14,845,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      81,858 SF

      4 Omni Way

      R&D FACILITY, LABS, PHARMA • 81,858 SF
      4 Omni Way, Chelmsford, MA 01824-4141
      View Details
    • Value Estimation
      $5,735,000
      70,960 SF

      11 Elizabeth Dr

      R&D FACILITY, LABS, PHARMA • 70,960 SF
      11 Elizabeth Dr, Chelmsford, MA 01824-4111
      View Details
    • Value Estimation by Request
      71,500 SF

      20 Alpha Rd

      R&D FACILITY, LABS, PHARMA • 71,500 SF
      20 Alpha Rd, Chelmsford, MA 01824-4123
      View Details
    • Value Estimation by Request
      97,250 SF

      12 Elizabeth Dr

      R&D FACILITY, LABS, PHARMA • 97,250 SF
      12 Elizabeth Dr, Chelmsford, MA 01824-4147
      View Details
    • Value Estimation
      $4,820,000
      110,492 SF

      300 Billerica Rd

      R&D FACILITY, LABS, PHARMA • 110,492 SF
      300 Billerica Rd, Chelmsford, MA 01824-4140
      View Details
    • Value Estimation
      $5,495,000
      49,600 SF

      25 Industrial Ave

      R&D FACILITY, LABS, PHARMA • 49,600 SF
      25 Industrial Ave, Chelmsford, MA 01824-3617
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,155 SF

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      Prime Chelmsford development opportunity.
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      Commercial Land For Sale

      Commercial land available for sale.
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      Commercial Land For Sale

      Commercial land available for sale.
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    • $850,000

      Free-Standing Retail Building For Sale

      High-visibility, multi-tenant retail property near Chelmsford Town Center.
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      Chelmsford Commercial Land For Sale

      Commercial land available in Chelmsford, Massachusetts.
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    Similar Nearby for Lease

    • $5,100 /Mo
      3,400 SF

      Chelmsford Flex Space Available

      Flex space for lease with warehouse and office areas.
      10 Jean Ave, Chelmsford, MA 01824
      View Details
    • Contact for pricing
      26,752 SF

      Chelmsford Flex Space Available

      Newly renovated flex space with highway visibility and ample parking.
      330 Billerica Rd, Chelmsford, MA 01824
      View Details
    • $13 SF/Yr
      54,000 SF

      Middlesex County Industrial Space

      Flex/Manufacturing Space Available Now
      7 Stuart Rd, Chelmsford, MA 01824
      View Details
    • $14 SF/Yr
      25,000 SF

      Chelmsford Office, Industrial, Garage Space

      25,000 SF available with office, industrial, and garage bays.
      200 Turnpike Rd, Chelmsford, MA 01824
      View Details
    • Contact for pricing
      43,464 SF

      Chelmsford Industrial Flex Space

      Single-story R&D/light assembly facility in Altid Industrial Park.
      19 Alpha Rd, Chelmsford, MA 01824
      View Details
    • $19 SF/Yr

      Professional Office Space Available

      Updated office space in historic building with premium finishes.
      6 Boston Rd, Chelmsford, MA 01824
      View Details
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    Chelmsford, MA 01824-4111
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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