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159 Chestnut St, Ashland, MA 01721
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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 building is zoned for industrial use and boasts robust power capabilities, including 480 AMPS and solar power. Parking is readily available, with a ratio of 3.5 spaces per 1,000 square feet. This is a unique opportunity to secure high-quality office and/or lab space in a desirable location. The property is currently configured as a single suite, offering flexibility for a single tenant or the possibility of subdividing (subject to terms). The zip code is 01721. Don't miss this chance to establish your business in this well-situated Ashland property.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1970
Total area
21,600 SF
Lot
2.52 ac (109,771 SF)
Zoning code
30
APN
ASHL M:020.0 B:0035 L:0000.0
UPID
US38-1022376
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$2.08M
Owner & transaction history
since 2016
7 recorded transactions
Zoning & alternative use
30 · Ashland, MA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 9 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.08M
Value range
$1.87M – $2.29M
±10% around blend
Estimated value / SF
$96 / SF
Confidence
High
9 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
90
$1.87M
blend $2.08M
$2.29M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
21,600 SF
Lot area
2.52 ac
Year built
1970
APN
ASHL M:020.0 B:0035 L:0000.0
Zoning
30
Assessed value
$1,286,700
Annual tax
$17,036
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$3.12M
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.1 mi away · 24,655 SF
17.7 mi away · 15,567 SF
18.1 mi away · 19,420 SF
18.1 mi away · 19,876 SF
22.4 mi away · 20,640 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.08M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 345 sales
$154
-37%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $96/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.29M
Move the market yield to see immediate price impact.
Value / SF
$60
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$81k
$1.62M
$1.16M
$901k
$90k
$1.80M
$1.29M
$1.00M
$99k
$1.98M
$1.42M
$1.10M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$3.98M
5.9 mi · Nov 2025 · $218/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$17,036
Tax year 2024
Assessed value
$1,286,700
Assessed 2024
Previous assessed
$1,286,700
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$729,500
Assessed improvement
$557,200
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1970
Heating
NONE
Buildings
2
Total area
21,600 SF
Lot
2.52 ac (109,771 SF)
Zoning code
30
APN
ASHL M:020.0 B:0035 L:0000.0
UPID
US38-1022376
Jurisdiction
ASHLAND
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
30 · Ashland, MAZoning 30 · permitted uses
30 · Ashland, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Buildings
2
Lot
2.52 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
30
Jurisdiction
Ashland, MA
Recorded code
30
Ownership Intelligence
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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