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Property profile & analytics
FOR LEASE
Retail properties & Spaces
16 Boston Rd, Chelmsford, MA 01824
Entity Owned
3-yr Hold
Free & Clear
Property ID
US38-2165437
For Lease
1 / 8
$4,210,000
16 Boston Rd, Chelmsford, MA 01824
View Listing →
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2012
Construction
STEEL FRAME
Total area
19,163 SF
Lot
1.14 ac (49,658 SF)
Zoning code
CC
APN
CHEL M:0084 B:0334 L:18
UPID
US38-2165437
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.07M
CAP Approach
CAP
$4.24M
Comparable Approach
Comparable
$5.74M
Blend (final)
Blend
$4.21M
Owner & transaction history
Ns Retail Holdings LLC · 3 yrs held
Ns Retail Holdings LLC
since 2023
Last sale
$4.4M
1 recorded transaction
Zoning & alternative use
CC · Chelmsford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.6M
+7.7%
Auto repair, garage
$5.4M
+4.4%
Neighborhood: shopping center
$5.3M
+2.8%
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 Chelmsford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chelmsford 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
$3,935,000
ML approach
$4,065,000
CAP Approach
CAP Return
Estimation
6%
$4,590,000
6.5%
$4,235,000
7%
$3,935,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,165,000
Current use
RESTAURANT
$5,565,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,395,000
Change: +4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,310,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,950,000
Change: -4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,415,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$4.21M
Range $3.79M – $4.63M · ±10% · vs last sale $4.40M (Apr 28 2023)
Last sale anchor
$4.40M
Apr 28 2023
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
$220 / 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
$67,645
Tax year 2024
Assessed value
$3,928,300
Assessed 2024
Previous assessed
$3,982,800
-1.4% YoY
Effective rate
1.72%
On assessed value
Assessed land
$573,300
Assessed improvement
$3,355,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
For Lease
Year built
2012
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
1
Bathrooms
2
Total area
19,163 SF
Lot
1.14 ac (49,658 SF)
Zoning code
CC
APN
CHEL M:0084 B:0334 L:18
UPID
US38-2165437
Jurisdiction
CHELMSFORD
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
CC · Chelmsford, MA
Zoning CC · permitted uses
CC · Chelmsford, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chelmsford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.2M
RESTAURANT
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$5.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.3M
COMMERCIAL (GENERAL)
Est. value
$5.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.4M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2012
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
1
Bathrooms
2
Lot
1.14 ac
Current owner
From public records · entity-resolved
Ns Retail Holdings LLC
Entity
Free & Clear · 3 yrs held
Mailing address
16 BOSTON RD, CHELMSFORD, MA 01824-3013
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2023
$4,400,000
Ns Retail Holdings LLC
Chelmsford Pharmacy Excha
Warranty Deed
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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