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Property profile & analytics
FOR LEASE
Showrooms
150 Eastern Ave Chelsea, MA 02150
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US38-1355266
For Lease
1 / 2
$22 SF/Yr
150 Eastern Ave, Chelsea, MA 02150
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
58,276 SF
Lot
2.9 ac (126,142 SF)
Zoning code
INDUST
APN
CHEL M:041 P:001
UPID
US38-1355266
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
-
Prosper-IT Tech Support Center IT Consulting Firm
-
Kuehne & Nagel Freight Service Logistics Company
-
Radius International Inc Freight Service Logistics Company
-
ICG Worldwide Freight Service Logistics Company
-
Woodland Group Ltd Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.43M
Owner & transaction history
Ppf Ind 150 Estn LLC · 5 yrs held
Ppf Ind 150 Estn LLC
since 2020
Last sale
$7.4M
7 recorded transactions
Zoning & alternative use
INDUST · 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
$7,435,000
ML approach
$9,310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.43M
Range $6.69M – $8.17M · ±10% · vs last sale $7.43M (Oct 20 2020)
Last sale anchor
$7.43M
Oct 20 2020
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
$127 / 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
$275,139
Tax year 2024
Assessed value
$11,584,800
Assessed 2024
Previous assessed
$11,584,800
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$2,511,500
Assessed improvement
$9,073,300
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
10
Rooms
2
Total area
58,276 SF
Lot
2.9 ac (126,142 SF)
Zoning code
INDUST
APN
CHEL M:041 P:001
UPID
US38-1355266
Jurisdiction
CHELSEA
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
INDUST · Chelsea, MA
Zoning INDUST · permitted uses
INDUST · 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.
Building & site characteristics
From public records
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
10
Rooms
2
Lot
2.9 ac
Current owner
From public records · entity-resolved
Ppf Ind 150 Estn LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1585 BROADWAY, NEW YORK, NY 10036-0473
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2020
$17,500,000
Ppf Ind 150 Estn LLC
Biv 150 Estn LLC
Quit Claim Deed
—
Feb 12, 2018
—
Biv 150 Eastern LLC
—
Deed
related
$51,675,000 · Wells Fargo Bank NA
Jun 20, 2017
$7,425,000
150 Biv-eastern LLC
Obrien Family Realty 2
Quit Claim Deed
—
Apr 1, 2015
$4,000,000
Obrien Family Realty 2
Amb Fund 3 Mosaic LLC
Quit Claim Arm's Length For Ne States
$3,600,000 · Century Bank & Trust Co
Sep 3, 2008
$1
Amb Fund Mosaic LLC
Amb Institutional Allianc
Grant Deed
—
Oct 6, 2005
$8,018,000
Amb Institutional Allianc
Obrien RT
Grant Deed
—
Dec 5, 1990
$1,050,000
Obrien RT
Caron,james
Grant Deed
$350,000 · Century Bk Suffolk
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?”
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