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Property profile & analytics
OFF-MARKET
Parking lots & garages
18 Spencer Ave Chelsea, MA 02150
Entity Owned
Absentee Owner
Free & Clear
Property ID
US38-1536751
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
0.07 ac (3,000 SF)
Zoning code
R-2
APN
CHEL M:049 P:012
UPID
US38-1536751
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
18-18 SPENCER AVE TRUST
18-18 SPENCER AVE TRUST
Zoning & alternative use
R-2 · Chelsea, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the R-2 district is to provide an area for multifamily dwellings and associated uses
Zone name
Multifamily Residential
General category
RESIDENTIAL
Zone area
314.14 ac
Source
Realmo
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 Chelsea submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chelsea 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,881
Tax year 2024
Assessed value
$79,200
Assessed 2024
Previous assessed
$79,200
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$74,500
Assessed improvement
$4,700
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Buildings
1
Lot
0.07 ac (3,000 SF)
Zoning code
R-2
APN
CHEL M:049 P:012
UPID
US38-1536751
Jurisdiction
CHELSEA
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
R-2 · Chelsea, MAZoning R-2 · permitted uses
R-2 · Chelsea, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the R-2 district is to provide an area for multifamily dwellings and associated uses
Zone name
Multifamily Residential
General category
RESIDENTIAL
Zone area
314.14 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Buildings
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
18-18 SPENCER AVE TRUST
Entity
Free & Clear · 0 yrs held
Mailing address
86 FRANKLIN AVE, CHELSEA, MA 02150-2042
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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