Property profile

2 Executive Dr Chelmsford, MA 01824

OFF-MARKET
Life science properties
Property ID
US38-1648868
112,838 SF 8.57 ac lot Built 1987
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Life science properties
Use group R&D FACILITY, LABS, PHARMA
Year built 1987
Construction STEEL FRAME
Total area 112,838 SF
Lot 8.57 ac (373,309 SF)
Zoning code IA
APN CHEL M:0054 B:0179 L:2
UPID US38-1648868

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
  • Factory Production Facility
  • Production Facility
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Big Box & Wholesale Store

Location

2 Executive Dr Chelmsford, MA 01824-2565
Chelmsford metro Census 317102 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
$13.07M

Owner & transaction history

since 2024
Last sale
$14.5M
7 recorded transactions
2024
$14.5M
2012
$11.7M
2006
$1
2005
$11.1M
2002
Price N/A
1995
Price N/A
1994
$5.2M

Zoning & alternative use

IA · Chelmsford, MA
Zoning description

These are areas that are primarily used for office, research development, manufacturing and warehousing.

General category INDUSTRIAL

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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