229 Billerica Rd Chelmsford, MA 01824-3631
This exceptional commercial property, located at 229 Billerica Road in Chelmsford, Massachusetts, presents a significant investment opportunity. The property encompasses a substantial 3.2-acre lot, offering ample space and potential for future development or expansion. The main structure is a 15,000 square foot office building, providing generous space for a variety of business needs. In addition to the office space, the property includes a significant 7,400 square foot garage, ideal for storage, vehicle parking, or potential conversion to additional workspace. The building's layout and features are well-suited for a range of commercial uses, making it an attractive option for businesses seeking a prominent presence in Chelmsford. The property's location offers excellent accessibility and visibility, providing convenient access to major transportation routes and a thriving local community. The asking price for this substantial property is $2,900,000. This represents a compelling opportunity to acquire a well-situated, versatile commercial property with significant potential for return on investment. Serious inquiries are encouraged to explore this unique opportunity further. The property is offered as-is.
These are areas that are primarily used for office, research development, manufacturing and warehousing.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
IA · Chelmsford, MAThese are areas that are primarily used for office, research development, manufacturing and warehousing.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.