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Property profile & analytics
OFF-MARKET
Life science properties
199 Riverneck Rd, Chelmsford, MA 01824-2820
Entity Owned
1-yr Hold
Free & Clear
Property ID
US38-1062011
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1985
Construction
STEEL FRAME
Total area
95,760 SF
Lot
6.4 ac (278,784 SF)
Zoning code
IA
APN
CHEL M:0064 B:0275 L:4
UPID
US38-1062011
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
Rc 199 Rivneck Owner LLC · 1 yrs held
Rc 199 Rivneck Owner LLC
since 2025
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
IA · Chelmsford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
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
$102,459
Tax year 2024
Assessed value
$5,950,000
Assessed 2024
Previous assessed
$7,950,000
-25.2% YoY
Effective rate
1.72%
On assessed value
Assessed land
$1,420,200
Assessed improvement
$4,529,800
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
95,760 SF
Lot
6.4 ac (278,784 SF)
Zoning code
IA
APN
CHEL M:0064 B:0275 L:4
UPID
US38-1062011
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.
Building & site characteristics
From public records
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
6.4 ac
Current owner
From public records · entity-resolved
Rc 199 Rivneck Owner LLC
Entity
Free & Clear · 1 yrs held
Mailing address
125 HIGH STS2111, BOSTON, MA 02110-2704
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2025
—
Rc 199 Rivneck Owner LLC
—
Deed
related
$3,700,000 · Webster Five Cents Savings Bank
Jun 18, 2025
$5,280,000
Rc 199 Rivneck Owner LLC
Riverneck Owner LLC
Deed
—
Nov 27, 2024
$3,285,000
Riverneck Owner LLC
Div Riverneck LLC
Deed
$3,200,000 · Thirdline Re Income F
Apr 2, 2021
$15,000,000
Div Riverneck LLC
Chelmsford Properties LLC
Quit Claim Arm's Length For Ne States
—
Dec 15, 2017
$5,200,000
Chelmsford Properties LLC
Owner Name Unavailable
Quit Claim Deed
related
—
Oct 6, 2017
$4,100,000
199 & 201 Riverneck Rd Hldg
Wachovia Bank NA|199 & 201 Riverneck Rd Hldg
Foreclosure
related
—
Feb 9, 1999
$8,300,000
199 Riverneck LLC
Equitable Life Assurnc
Grant 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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