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Financial
Distress signals
Property profile

150 Eastern Ave Chelsea, MA 02150

FOR LEASE
Showrooms
Property ID
US38-1355266
58,276 SF 2.9 ac lot Built 1993
Last sale Oct 2020 · $17,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a multipurpose warehouse facility constructed in 1987, with a total area of 3,358 square feet as described in the listing. It includes industrial and research & development space and is complemented by office space located on the second floor.

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?
$275k
Tax billed · 2024
Assessed value$11.58M
Assessed land$2.51M
Assessed improvement$9.07M
Effective rate2.38%

Value estimate

· Oct 2026
$7.44M
$6.69M – $8.18M
AI approach$9.31M
CAP approach$12.52M
NOI build-up
Gross scheduled income$23k
Vacancy & credit loss−$1k
Operating expenses−$7k
NOI · 70,445.45% cap applied$15k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$309/SF
ZIP average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$149 – $426
Qualifying comparables9

Cap rate analysis

How does the asset earn?
70,445.45%
$15k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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 agency56.0
Building Supply48.7
Law Firm39.4

Location

150 Eastern Ave Chelsea, MA 02150
County assessor Recorded deeds · 7 transfers 9 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 · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
350 Broadway, Chelsea, MA 02150-2874 $2,000,000 May 2023 7,700 SF
3 Griffin, Chelsea, MA 02150-3335 $10,050,000 Jun 2021 32,616 SF
130 Eastern, Chelsea, MA 02150-3353 $45,000,000 Apr 2021 101,703 SF
275 Beacham, Chelsea, MA 02150-1717 $5,865,000 Mar 2021 9,900 SF
95 Market, Chelsea, MA 02150-1702 $1,450,000 Dec 2020 11,800 SF
97 2nd, Chelsea, MA 02150-1828 $3,000,000 Dec 2019 12,800 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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