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Property profile & analytics
OFF-MARKET
Estimated value
$7,715,000
Life science properties
220 Ml Rd, Chelmsford, MA 01824-4127
Entity Owned
5-yr Hold
Free & Clear
Property ID
US38-0173365
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1985
Construction
STEEL FRAME
Total area
113,613 SF
Lot
9.02 ac (392,911 SF)
Zoning code
IA
APN
CHEL M:0106 B:0328 L:3
UPID
US38-0173365
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
$8.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.72M
Owner & transaction history
Life Technologies Corp · 5 yrs held
Life Technologies Corp
since 2020
Last sale
$7.2M
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
Method
Estimation
Statistic approach
$7,790,000
ML approach
$8,720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.72M
Range $6.94M – $8.49M · ±10% · vs last sale $7.18M (Sep 16 2020)
Last sale anchor
$7.18M
Sep 16 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$68 / SF
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
$211,021
Tax year 2024
Assessed value
$12,254,400
Assessed 2024
Previous assessed
$10,935,200
+12.1% YoY
Effective rate
1.72%
On assessed value
Assessed land
$1,979,200
Assessed improvement
$10,275,200
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
Bathrooms
2
Total area
113,613 SF
Lot
9.02 ac (392,911 SF)
Zoning code
IA
APN
CHEL M:0106 B:0328 L:3
UPID
US38-0173365
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
Bathrooms
2
Lot
9.02 ac
Current owner
From public records · entity-resolved
Life Technologies Corp
Entity
Free & Clear · 5 yrs held
Mailing address
300 INDUSTRY DR, PITTSBURGH, PA 15275-1001
Ownership since
2020
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
Sep 16, 2020
$11,680,000
Life Technologies Corp
220 Mill Ma Prop LLC
Quit Claim Deed
—
Aug 9, 2019
$4,975,000
16 Elizabeth LLC
Chelms,campanelli-trigate
Quit Claim Deed
$7,785,000 · Rockland Tr
Jan 31, 2014
$7,175,000
Campanelli Trigate Che
Wells Fargo Bank NA Tr
Quit Claim Arm's Length For Ne States
$16,100,000 · Blue Hills Bank
Mar 16, 2012
$10,500,000
Wells Fargo Bank NA
Mill Equity Partners LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Dec 3, 2004
$15,175,000
Mill Equity Partners LLC
New Boston Fund INC 4
Grant Deed
related
$62,500,000 · Pnc Bank
Aug 11, 2004
—
New Boston Mill Road LP
—
Deed Of Trust
related
$8,846,081 · Worth Funding INC
Jan 29, 1996
$2,010,000
Mbl Life Assurance Co
220 Mill Road RT
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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