Property profile

248 Ml Rd Chelmsford, MA 01824

OFF-MARKET
Industrial properties
Property ID
US38-0846443
4.08 ac lot
Trust Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,810-square-foot commercial property at 248 Mill Road in Chelmsford, Massachusetts, offers a versatile blend of office and flex space, ideal for a single tenant. Situated in Middlesex County, this conveniently located space boasts easy access to Route 3 and I-129, ensuring seamless commutes for employees and clients. The property features recently updated interiors, including two restrooms, a kitchenette, and five individual offices, providing a comfortable and functional workspace. The space is further enhanced by double-door loading capabilities, facilitating efficient goods movement, and ample parking is available on-site for employees and visitors. The property type is classified as both Office and Industrial, catering to a variety of business needs. The building is a single-tenant occupancy, offering privacy and control. The property's zip code is 01824. This well-maintained space presents a fantastic opportunity for businesses seeking a modern and functional workspace in a prime Chelmsford location. The total square footage of the building is not currently available. This property is available for lease.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Lot 4.08 ac (177,725 SF)
Zoning code IA
APN CHEL M:0106 B:0328 L:2
UPID US38-0846443

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

248 Ml Rd Chelmsford, MA 01824-4146
Chelmsford metro Census 317102 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2015
7 recorded transactions
2015
Price N/A
2015
Price N/A
2008
Price N/A
2001
Price N/A
1998
Price N/A
1997
Price N/A
1995
$75,000

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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