Property profile

2 Courthouse Ln Ste 16 Chelmsford, MA 01824

OFF-MARKET
Office Spaces
Property ID
US38-0394376
1,116 SF Built 1983
Individually Owned 29-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1983
Total area 1,116 SF
Zoning code CC
APN CHEL M:0032 B:0110 L:4 U:16
UPID US38-0394376

Cap rate & NOI

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

Location

2 Courthouse Ln Ste, Unit 16 Chelmsford, MA 01824-1723
Chelmsford metro Census 317203 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 1997
1 recorded transaction
1997
$31,000

Zoning & alternative use

CC · Chelmsford, MA
Zoning description

These are commercial districts designed to allow the clustering of stores, offices and so on around a central parking area. These are high traffic generators usually located on major roads.

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
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