Property profile

2 Omni Way Chelmsford, MA 01824

FOR LEASE
Life science properties
Property ID
US38-0950870
82,204 SF 6.12 ac lot Built 1984
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a 24,080-square-foot laboratory and office facility located at 2 Omni Way in Chelmsford, Massachusetts, within the Omni Way Office Park. The space is configured for research, development, and office functions, including dedicated BSL2 lab rooms and a specialized instrument R&D room with VTC flooring, along with private offices, conference rooms, cubicles, and a kitchen/dining area. Building systems include substantial electrical and lighting capacity, with 480 Volt 3-phase service at 500 amps dedicated to the space and a dedicated generator. The site features a drive-up loading door and supports vehicle access via an on-site parking capacity of 337 spaces (approximately 3.7 spaces per 1,000 square feet). The facility is positioned for access to Route 3, I-95, and I-495, and is located near regional innovation centers including Lowell, Burlington, Woburn, Lexington, and Westford.

Property profile

Verified
Property type Life science properties
Use group R&D FACILITY, LABS, PHARMA
Year built 1984
Construction STEEL FRAME
Total area 82,204 SF
Lot 6.12 ac (266,587 SF)
Zoning code IA
APN CHEL M:0097 B:0328 L:1
UPID US38-0950870

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
  • Laboratory
  • State Government Office Social Services Organization
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency

Location

2 Omni Way Chelmsford, MA 01824
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
$1.11M

Owner & transaction history

since 2017
7 recorded transactions
2018
Price N/A
2017
Price N/A
2016
$3.4M
2007
$955,152
2007
$1.3M
2007
$1.7M
2007
$1.4M

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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