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    200 Turnpike Rd Chelmsford, MA 01824
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    Property profile & analytics

    200 Turnpike Rd, Chelmsford, MA 01824

    View on Map
    • Warehouses
    • 43,520 SF
    • 2.22 lot acres
    For Sale
    $3,590,000
    View Listing →
    Chelmsford Office, Industrial, Garage Space For Sale
    $3,590,000
    25,000 SF

    Chelmsford Office, Industrial, Garage Space

    25,000 SF available with office, industrial, and garage bays.

    200 Turnpike Rd, Chelmsford, MA
    View Listing
    Property ID
    US38-0357157
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 200 Turnpike Rd

    Year built
    1988
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.22 lot acres
    Zone code
    IA
    Property type
    Warehouses
    APN
    CHEL M:0106 B:0328 L:5
    APU
    CHELM0106B0328L5

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 13, 2016 — Allstar Management LLC Turnpike Properties Ll Quit Claim Deed · related $1.9M · Enterprise Bank & Trust Co
    Jul 29, 2002 — Turnpike Prop LLC — Deed Of Trust · related $2.4M · Enterprise Bank & Trust
    Jul 2, 1997 — Turnpike Properties Lc — Deed Of Trust · related $335k · Ma Business Development Corp
    Jul 2, 1997 $1,150,000 Turnpike Properties Lc 200 Turnpike Road Nt Grant Deed · related $700k · Enterprise Bank & Trust
    Sep 15, 1995 — 200 Turnpike Road LP — Deed Of Trust · related $400k · Andover Bank
    Dec 6, 1994 $370,000 200 Turnpike Road Limi Rtc Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,088,000
      Market price range: $2.76M - $9.80M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chelmsford
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3204
    Latitude
    42.5834
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $49,275
    $523,900
    $2,337,600
    $2,861,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,120,000
      23,640 SF

      16 Progress Ave

      WAREHOUSE, STORAGE
      16 Progress Ave, Chelmsford, MA 01824-3607
      View Details
    • Value Estimation
      $26,845,000
      299,260 SF

      9 Stuart Rd

      WAREHOUSE, STORAGE
      9 Stuart Rd, Chelmsford, MA 01824
      View Details
    • Value Estimation
      $1,120,000
      10,930 SF

      10 Tracy Rd

      WAREHOUSE, STORAGE
      10 Tracy Rd, Chelmsford, MA 01824-4110
      View Details
    • Value Estimation by Request
      2,400 SF

      19 Oak St

      WAREHOUSE, STORAGE
      19 Oak St, Chelmsford, MA 01824
      View Details
    • Value Estimation
      $850,000
      7,800 SF

      11 Katrina Rd

      WAREHOUSE, STORAGE
      11 Katrina Rd, Chelmsford, MA 01824-2841
      View Details
    • Value Estimation
      $1,210,000
      12,611 SF

      7 Kidder Rd

      WAREHOUSE, STORAGE
      7 Kidder Rd, Chelmsford, MA 01824-3374
      View Details

    Similar Nearby for Sale

    • $2,150,000
      11,495 SF

      Adaptable Retail/Flex Building in Chelmsford

      11,495 SF retail/flex building, ready for immediate occupancy.
      61 Parkhurst Rd, Chelmsford, MA 01824
      View Details
    • Contact for pricing

      Chelmsford Industrial Building For Sale

      4,732 SF industrial building in Chelmsford, Massachusetts for sale.
      127 Riverneck Rd, Chelmsford, MA 01824
      View Details
    • Contact for pricing

      Chelmsford Flex Building For Sale

      9,153 SF flex building with additional parking/storage.
      24 Maple Rd, Chelmsford, MA 01824
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    • Contact for pricing

      Industrial Building Leased to Government

      19,946 SF industrial building 100% leased through 2032.
      40 Brick Kiln Rd, Chelmsford, MA 01824
      View Details
    • Contact for pricing
      43,520 SF

      Chelmsford Office, Industrial, Garage Space

      25,000 SF available with office, industrial, and garage bays.
      200 Turnpike Rd, Chelmsford, MA 01824
      View Details
    • Contact for pricing
      11,495 SF

      Adaptable Retail/Flex Building Available

      11,495 SF retail/flex building in Chelmsford, Massachusetts for sale.
      61 Parkhurst Rd, Chelmsford, MA 01824
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,400 SF

      Chelmsford Flex Space Available

      Flex space for lease with warehouse and office areas.
      10 Jean Ave, Chelmsford, MA 01824
      View Details
    • Contact for pricing

      Chelmsford Flex/Manufacturing Building For Rent

      52,450 SF flex/light manufacturing building available for lease.
      7 Stuart Rd, Chelmsford, MA 01824
      View Details
    • Contact for pricing
      1,566 SF

      Chelmsford Flex Space For Lease

      Flex space with warehouse and office near Chelmsford Center.
      17 North Rd, Chelmsford, MA 01824
      View Details
    • Contact for pricing

      Flex/Light Manufacturing Space Available

      54,000 SF flex/manufacturing building with tailboard loading docks.
      7 Stuart Rd, Chelmsford, MA 01824
      View Details
    • Contact for pricing
      26,752 SF

      Chelmsford Flex Space Available

      Newly renovated flex space with highway visibility and ample parking.
      330 Billerica Rd, Chelmsford, MA 01824
      View Details
    • Contact for pricing
      76,259 SF

      Chelmsford Office/Manufacturing Space Available

      Office and advanced manufacturing space available for lease.
      5 Omni Way, Chelmsford, MA 01824
      View Details
    View Listing
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    Chelmsford, MA 01824
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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