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    Property profile & analytics

    16 Elizabeth Dr Chelmsford, MA 01824-4112

    • Manufacturing properties
    • 97,585 SF
    • 5.65 lot acres
    OFF-MARKET
    Value Estimation
    $13,385,000
    Last Sale
    Jan 14, 2022
    $14,825,000
    Location Intelligence
    Property ID
    US38-1794963
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 16 Elizabeth Dr

    Year built
    1983
    Construction
    STEEL FRAME
    Lot size
    5.65 lot acres
    Property size
    97,585 SF
    Zone code
    IA
    Property type
    Manufacturing properties
    APN
    CHEL M:0105 B:0328 L:2
    APU
    CHELM0105B0328L2

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $12,710,000

    • CAP approach

      CAP return
      Estimation
      6%
      $13,685,000
      6.5%
      $14,585,000
      7%
      $15,500,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $14,955,000
      Geo Method
      $14,205,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $13,945,000
      Retail
      $17,305,000
      Mixed-Use
      $14,730,000
      Hospitality
      $14,635,000
      Educational
      $16,665,000
      Residential Income
      $13,395,000
      Energy
      $12,710,000
      Income-Based Land
      $16,500,000
      Food Service
      $17,105,000

    Location Insight

    • Map
    • Local Demand
    City
    Chelmsford
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3216
    Latitude
    42.5844
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $234,127
    $2,171,200
    $11,425,000
    $13,596,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,160 SF

      4 Stuart Rd

      MANUFACTURING (LIGHT) • 4,160 SF
      4 Stuart Rd, Chelmsford, MA 01824-4108
      View Details
    • Value Estimation
      $765,000
      9,780 SF

      84 Tpke Rd

      MANUFACTURING (LIGHT) • 9,780 SF
      84 Tpke Rd, Chelmsford, MA 01824-3526
      View Details
    • Value Estimation
      $3,250,000
      34,344 SF

      33 Gln Ave

      MANUFACTURING (LIGHT) • 34,344 SF
      33 Gln Ave, Chelmsford, MA 01824-2857
      View Details
    • Value Estimation by Request
      30,495 SF

      25 Katrina Rd

      MANUFACTURING (LIGHT) • 30,495 SF
      25 Katrina Rd, Chelmsford, MA 01824-2864
      View Details
    • Value Estimation by Request
      69,954 SF

      200 Apollo Dr

      MANUFACTURING (LIGHT) • 69,954 SF
      200 Apollo Dr, Chelmsford, MA 01824-3620
      View Details
    • Value Estimation by Request
      8,125 SF

      6 Kidder Rd

      MANUFACTURING (LIGHT) • 8,125 SF
      6 Kidder Rd, Chelmsford, MA 01824-3381
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,155 SF

      Chelmsford Flex Building For Sale

      9,153 SF flex building with additional parking/storage.
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    • Contact for pricing
      4.80 Acres

      Chelmsford Land - 4.8 Acres

      Prime Chelmsford development opportunity.
      40 Brick Kiln Rd, Chelmsford, MA 01824
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      Commercial Land For Sale

      Commercial land available for sale.
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    • $2,900,000
      3.20 Acres

      Chelmsford Office Building - 3.2 Acres

      Large Office & Garage Space - Excellent Location
      229 Billerica Rd, Chelmsford, MA 01824
      View Details
    • $2,500,000
      1.21 Acres

      Chelmsford Industrial Land Opportunity

      1.21 Acres, Prime Location, $2.5M
      315 Littleton Rd, Chelmsford, MA 01824
      View Details
    • $1,599,900

      Chelmsford Commercial Buildings For Sale

      Two commercial buildings in Chelmsford Center, ready for your vision.
      26 Central Sq, Chelmsford, MA 01824
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    Similar Nearby for Lease

    • $13 SF/Yr
      54,000 SF

      Middlesex County Industrial Space

      Flex/Manufacturing Space Available Now
      7 Stuart Rd, Chelmsford, MA 01824
      View Details
    • Contact for pricing
      43,464 SF

      Chelmsford Industrial Flex Space

      Single-story R&D/light assembly facility in Altid Industrial Park.
      19 Alpha Rd, Chelmsford, MA 01824
      View Details
    • $5,100 /Mo
      3,400 SF

      Chelmsford Flex Space Available

      Flex space for lease with warehouse and office areas.
      10 Jean Ave, Chelmsford, MA 01824
      View Details
    • Contact for pricing
      26,752 SF

      Chelmsford Flex Space Available

      Newly renovated flex space with highway visibility and ample parking.
      330 Billerica Rd, Chelmsford, MA 01824
      View Details
    • $14 SF/Yr
      25,000 SF

      Chelmsford Office, Industrial, Garage Space

      25,000 SF available with office, industrial, and garage bays.
      200 Turnpike Rd, Chelmsford, MA 01824
      View Details
    • Contact for pricing
      520 SF

      Chelmsford Office Space for Lease

      Second-floor office suites available with utilities included in rent.
      14 Fletcher St, Chelmsford, MA 01824
      View Details
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    16 Elizabeth Dr
    Chelmsford, MA 01824-4112
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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