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Property profile & analytics
OFF-MARKET
Office buildings

229 Billerica Rd Chelmsford, MA 01824-3631

14,804 SF 3.2 ac lot Built 1986
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US38-1149910
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1986
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 14,804 SF
Lot 3.2 ac (139,392 SF)
Zoning code IA
APN CHEL M:0086 B:0328 L:2
UPID US38-1149910
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
93 RT · 1 yrs held
93 RT
since 2025
Last sale
$2.5M
5 recorded transactions
2025
$2.5M
2017
Price N/A
2017
Price N/A
1994
Price N/A
1987
Price N/A
Zoning & alternative use
IA · Chelmsford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

These are areas that are primarily used for office, research development, manufacturing and warehousing.

Zone name Limited
General category INDUSTRIAL
Zone area 1,537.36 ac
Source Realmo
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