Property profile

222 Ml Rd Chelmsford, MA 01824

OFF-MARKET
Life science properties
Property ID
US38-0244939
50,216 SF 4.61 ac lot Built 1985
Individually Owned 10-yr Hold Free & Clear
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Property profile

Verified
Property type Life science properties
Use group R&D FACILITY, LABS, PHARMA
Year built 1985
Construction STEEL FRAME
Total area 50,216 SF
Lot 4.61 ac (200,812 SF)
Zoning code IA
APN CHEL M:0106 B:0328 L:4
UPID US38-0244939

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
  • Precision Engineer Corporate Office

Location

222 Ml Rd Chelmsford, MA 01824-4127
Chelmsford metro Census 317102 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$615k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.23M
Blend (final) Blend
$925k

Owner & transaction history

since 2015
3 recorded transactions
2015
$3.4M
2004
$15.2M
1996
$1.9M

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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