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Property profile & analytics
OFF-MARKET
Estimated value
$7,670,000
Manufacturing properties
25 Griffin Way Chelsea, MA 02150-3377
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-1925151
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1970
Construction
STEEL FRAME
Total area
25,258 SF
Lot
1.27 ac (55,294 SF)
Zoning code
INDUST
APN
CHEL M:031 P:109
UPID
US38-1925151
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
Current use
Occupant on record · Public records
-
Rivian Service Center Auto Repair Shop Vehicle Inspection Center
-
Williamson New England Pump & Motor Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.67M
Owner & transaction history
25 Griffin Way LLC · 5 yrs held
25 Griffin Way LLC
since 2021
Last sale
$7.5M
7 recorded transactions
Zoning & alternative use
INDUST · Chelsea, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.7M
+55.2%
Retail stores
$9.6M
+17.5%
Neighborhood: shopping center
$8.5M
+4.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chelsea submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chelsea submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$7,805,000
ML approach
$7,875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,185,000
Current use
AUTO REPAIR, GARAGE
$12,700,000
Change: +55% · Conversion: Easy
RETAIL STORES
$9,615,000
Change: +18% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$8,535,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,790,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$7.67M
Range $6.90M – $8.44M · ±10% · vs last sale $7.50M (Jun 16 2021)
Last sale anchor
$7.50M
Jun 16 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$304 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$177,109
Tax year 2024
Assessed value
$7,457,200
Assessed 2024
Previous assessed
$6,713,000
+11.1% YoY
Effective rate
2.38%
On assessed value
Assessed land
$880,800
Assessed improvement
$6,576,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1970
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
3
Units
1
Total area
25,258 SF
Lot
1.27 ac (55,294 SF)
Zoning code
INDUST
APN
CHEL M:031 P:109
UPID
US38-1925151
Jurisdiction
CHELSEA
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
INDUST · Chelsea, MA
Zoning INDUST · permitted uses
INDUST · Chelsea, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chelsea. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$8.2M
AUTO REPAIR, GARAGE
Est. value
$12.7M
RETAIL STORES
Est. value
$9.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.5M
COMMERCIAL (GENERAL)
Est. value
$7.8M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
3
Buildings
1
Units
1
Lot
1.27 ac
Current owner
From public records · entity-resolved
25 Griffin Way LLC
Entity
Mailing address
523 CAMBRIDGE ST, ALLSTON, MA 02134-2657
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2023
—
25 Griffin Way LLC
—
Deed
related
$1,500,000 · Abington Bank
Jun 16, 2021
$7,500,000
25 Griffin Way LLC
Weco Group Ltd
Quit Claim Arm's Length For Ne States
$6,000,000 · Envision Bank
Oct 15, 2020
—
Weco Grp Ltd
—
Deed
related
$1,136,000 · Bangor Savings Bank
Oct 24, 2012
—
Weco Group Ltd
—
Deed Of Trust
related
$964,000 · Century Bank & Trust Co
Oct 30, 2006
—
Weco Grp Ltd
—
Deed Of Trust
related
$923,000 · Bay Colony Dev Corp
Oct 27, 2006
—
Weco Group Ltd
—
Deed Of Trust
related
$923,000 · Bay Colony Dev Corp
Jul 5, 2005
$1,800,000
Weco Grp Ltd
Bancarotta,pasquale Tr
Grant Deed
$1,120,000 · Boston Private Bank
Jul 5, 2005
—
Weco Grp Ltd
—
Grant Deed
related
$896,000 · Boston Private Bank
Jan 30, 2002
—
Way Nt 25 Griffin
—
Deed Of Trust
related
$818,000 · Medford Savings Bank
Nov 12, 1996
$675,000
Way Nt25 Griffin
Fazio,jean M
Grant Deed
$700,000 · Medford Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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