Property profile

162 Broadway Chelsea, MA 02150

OFF-MARKET
Investment properties
Property ID
US38-0866494
2,045 SF 0.04 ac lot Built 1930
Individually Owned 3-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1930
Construction FRAME
Total area 2,045 SF
Lot 0.04 ac (1,750 SF)
Zoning code BR
APN CHEL M:019 P:088
UPID US38-0866494

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice Spa & Massage Center
  • Hair Salon Nail Salon

Location

162 Broadway Chelsea, MA 02150-2737
Chelsea metro Census 160400 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2023
Last sale
$300,000
7 recorded transactions
2023
Price N/A
2011
Price N/A
2008
Price N/A
2008
Price N/A
2007
Price N/A
2004
$300,000
2001
$190,000

Zoning & alternative use

BR · Chelsea, MA
Zoning description

The purpose of the BR district is to provide a downtown area with the range of business sales and services which generally constitute a central business district with the aim of promoting enhanced commercial identity, vi…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 162 Broadway?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message