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    Property profile & analytics

    248 Ml Rd Chelmsford, MA 01824-4146

    • Industrial properties
    • 4.08 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-0846443
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 248 Ml Rd

    Lot size
    4.08 lot acres
    Zone code
    IA
    Property type
    Industrial properties
    APN
    CHEL M:0106 B:0328 L:2
    APU
    CHELM0106B0328L2

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chelmsford
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.317
    Latitude
    42.5859
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $77,299
    $1,277,800
    $3,232,200
    $4,510,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      55,460 SF

      88 Tpke Rd

      INDUSTRIAL (GENERAL) • 55,460 SF
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    • Value Estimation by Request
      36,300 SF

      11 Alpha Rd

      INDUSTRIAL (GENERAL) • 36,300 SF
      11 Alpha Rd, Chelmsford, MA 01824-4124
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    • Value Estimation by Request
      101,038 SF

      2 Elizabeth Dr

      INDUSTRIAL (GENERAL) • 101,038 SF
      2 Elizabeth Dr, Chelmsford, MA 01824-4112
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    • Value Estimation
      $780,000
      966 SF

      145 Stedman St Ste, Unit 3

      CONDOMINIUMS (INDUSTRIAL) • 966 SF
      145 Stedman St Ste, Chelmsford, MA 01824-1869
      View Details
    • Value Estimation
      $2,605,000
      10,986 SF

      23 Industrial Ave

      INDUSTRIAL (GENERAL) • 10,986 SF
      23 Industrial Ave, Chelmsford, MA 01824-3611
      View Details
    • Value Estimation
      $220,000
      2,000 SF

      4 Kidder Rd Ste, Unit 2

      CONDOMINIUMS (INDUSTRIAL) • 2,000 SF
      4 Kidder Rd Ste, Chelmsford, MA 01824-6301
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,155 SF

      Chelmsford Flex Building For Sale

      9,153 SF flex building with additional parking/storage.
      24 Maple Rd, Chelmsford, MA 01824
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    • Contact for pricing
      4.80 Acres

      Chelmsford Land - 4.8 Acres

      Prime Chelmsford development opportunity.
      40 Brick Kiln Rd, Chelmsford, MA 01824
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      Commercial Land For Sale

      Commercial land available for sale.
      40 Brick Kiln Rd, Chelmsford, MA 01824
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    • $2,900,000
      3.20 Acres

      Chelmsford Office Building - 3.2 Acres

      Large Office & Garage Space - Excellent Location
      229 Billerica Rd, Chelmsford, MA 01824
      View Details
    • $2,500,000
      1.21 Acres

      Chelmsford Industrial Land Opportunity

      1.21 Acres, Prime Location, $2.5M
      315 Littleton Rd, Chelmsford, MA 01824
      View Details
    • $1,599,900

      Chelmsford Commercial Buildings For Sale

      Two commercial buildings in Chelmsford Center, ready for your vision.
      26 Central Sq, Chelmsford, MA 01824
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    Similar Nearby for Lease

    • $13 SF/Yr
      54,000 SF

      Middlesex County Industrial Space

      Flex/Manufacturing Space Available Now
      7 Stuart Rd, Chelmsford, MA 01824
      View Details
    • $14 SF/Yr
      25,000 SF

      Chelmsford Office, Industrial, Garage Space

      25,000 SF available with office, industrial, and garage bays.
      200 Turnpike Rd, Chelmsford, MA 01824
      View Details
    • $5,100 /Mo
      3,400 SF

      Chelmsford Flex Space Available

      Flex space for lease with warehouse and office areas.
      10 Jean Ave, Chelmsford, MA 01824
      View Details
    • Contact for pricing
      26,752 SF

      Chelmsford Flex Space Available

      Newly renovated flex space with highway visibility and ample parking.
      330 Billerica Rd, Chelmsford, MA 01824
      View Details
    • Contact for pricing
      43,464 SF

      Chelmsford Industrial Flex Space

      Single-story R&D/light assembly facility in Altid Industrial Park.
      19 Alpha Rd, Chelmsford, MA 01824
      View Details
    • Contact for pricing
      520 SF

      Chelmsford Office Space for Lease

      Second-floor office suites available with utilities included in rent.
      14 Fletcher St, Chelmsford, MA 01824
      View Details
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    248 Ml Rd
    Chelmsford, MA 01824-4146
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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