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Financial
Distress signals
Property profile

159 Chestnut St Ashland, MA 01721

FOR LEASE
Manufacturing properties
Property ID
US38-1022376
21,600 SF 2.52 ac lot Built 1970
Last sale Apr 2009 · $950,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional property at 159 Chestnut Street in Ashland, Massachusetts offers 11,000 square feet of immediately available office and flex lab space for lease. Located in Middlesex County, this two-story building totals 21,600 square feet and sits on a 2.58-acre lot. The space is ideal for a variety of uses, with a minimum divisible space of 5,000 square feet and a maximum contiguous space of 11,000 square feet. Ceiling heights range from 8 to 13 feet, providing ample vertical space. The…

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?
$17k
Tax billed · 2024
Assessed value$1.29M
Assessed land$730k
Assessed improvement$557k
Effective rate1.32%

Value estimate

· Oct 2026
$2.08M
$1.87M – $2.29M
Submarket $/SF estimate$1.31M
NOI build-up
Gross scheduled income$59k
Vacancy & credit loss−$4k
Operating expenses−$19k
NOI · 274,669.23% cap applied$36k

Realmo valuation models over county records and 12 qualifying comparable sales.

Recently sold

What actually traded nearby?
$154/SF
County average, outlier-cleaned · 345 recorded sales of this use type
Observed band · Q1–Q3$86 – $254
Qualifying comparables12

Cap rate analysis

How does the asset earn?
274,669.23%
$36k 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?
30
JurisdictionASHLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm13.9
Realty agency13.8
Auto Parts Store11.0

Location

159 Chestnut St Ashland, MA 01721
County assessor Recorded deeds · 10 transfers 12 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
400 Main, Ashland, MA 01721-2150 $27,872,000 Jun 2025 157,980 SF
50 Leland, Ashland, MA 01721-1878 $27,872,000 Mar 2025 1,344 SF
111 Cherry, Ashland, MA 01721-1527 $1,550,000 Jul 2023 18,043 SF
171 Megunko, Ashland, MA 01721-1426 $970,000 Jul 2023 10,706 SF
28 Howe, Ashland, MA 01721-1305 $4,350,000 May 2023 35,760 SF
200 Pleasant, Ashland, MA 01721-1189 $1,470,000 Mar 2023 8,720 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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