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Property profile & analytics
OFF-MARKET
Estimated value
$1,620,000
Industrial properties
18 Alpha Rd, Chelmsford, MA 01824-4123
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-0216951
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,884 SF
Lot
1.9 ac (82,764 SF)
Zoning code
IA
APN
CHEL M:0086 B:0328 L:39
UPID
US38-0216951
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
by Request
CAP Approach
CAP
$1.46M
Comparable Approach
Comparable
$1.95M
Blend (final)
Blend
$1.62M
Owner & transaction history
Jl RT · 7 yrs held
Jl RT
since 2018
7 recorded transactions
Zoning & alternative use
IA · Chelmsford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+89.1%
Auto repair, garage
$2.5M
+83.4%
Neighborhood: shopping center
$2.5M
+80.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,575,000
6.5%
$1,455,000
7%
$1,350,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,365,000
Current use
RESTAURANT
$2,580,000
Change: +89% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,500,000
Change: +83% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,460,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$2,395,000
Change: +76% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,295,000
Change: +68% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,045,000
Change: +50% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,290,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$1.62M
Range $1.46M – $1.78M · ±10%
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
$182 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$18,550
Tax year 2023
Assessed value
$1,506,500
Assessed 2024
Previous assessed
$1,020,900
+47.6% YoY
Effective rate
1.23%
On assessed value
Assessed land
$410,400
Assessed improvement
$1,096,100
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
1
Bathrooms
4
Total area
8,884 SF
Lot
1.9 ac (82,764 SF)
Zoning code
IA
APN
CHEL M:0086 B:0328 L:39
UPID
US38-0216951
Jurisdiction
CHELMSFORD
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
IA · Chelmsford, MA
Zoning IA · permitted uses
IA · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.4M
RESTAURANT
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
RETAIL STORES
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.3M
INDUSTRIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
4
Lot
1.9 ac
Current owner
From public records · entity-resolved
Jl RT
Individual
Mailing address
PO BOX 616, LITTLETON, MA 01460-2616
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2020
—
Jl Trust
—
Deed
related
$948,000 · Bay Colony Dev
Nov 20, 2018
$2,300,000
Jl RT
Craven Real Estate Dev
Quit Claim Arm's Length For Ne States
$1,150,000 · Lowell Five Cents Savings Bank
Dec 15, 2017
—
Craven Real Estate Dev
—
Deed
related
$500,000 · Enterprise Bank & Trust Co
Dec 13, 2012
$965,000
Craven Real Est Dev LLC
Irish Holdings LLC
Grant Deed
—
Oct 19, 2005
—
Irish Holdings LLC
—
Deed Of Trust
related
$215,000 · Enterprise Bank & Trust
Mar 27, 2002
$515,000
Irish Holdings LLC
Robertshaw Controls Co
Grant Deed
related
$257,500 · Boston Federal Savings Bank
Mar 27, 2002
—
Irish Holdings LLC
—
Deed Of Trust
related
$212,000 · Certified Dev Co Massachusetts
Apr 5, 1995
$275,000
Robertshaw Controls Co
Chelmstar RT
Grant Deed
—
—
—
Jl Trust
—
Deed Of Trust
related
$948,000 · Bay Colony Dev
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.
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