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Property profile & analytics
OFF-MARKET
Estimated value
$1,265,000
Assisted living facilities
255 Central Ave Chelsea, MA 02150-3508
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-1803877
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1991
Construction
STEEL FRAME
Total area
72,801 SF
Lot
1.55 ac (67,419 SF)
Zoning code
I
APN
CHEL M:014 P:024
UPID
US38-1803877
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
-
Parking chelsie Parking Lot & Garage
-
AdviniaCare Eastpointe Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.27M
Owner & transaction history
Highland Pk Propertu LLC · 1 yrs held
Highland Pk Propertu LLC
since 2025
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
I · Chelsea, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the I district is to provide for research, manufacturing, wholesaling, and related distribution activities in locations with suitable access and where such activities can occur without an adverse impact upon residential areas.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
206.53 ac
Source
Realmo
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
$1,265,000
ML approach
$1,585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$1,890,000
Current use
Blend value · Realmo final
$1.27M
Range $1.14M – $1.39M · ±10% · vs last sale $1.30M (May 20 2025)
Last sale anchor
$1.30M
May 20 2025
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
$17 / 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
$175,368
Tax year 2024
Assessed value
$7,383,900
Assessed 2024
Previous assessed
$7,323,400
+0.8% YoY
Effective rate
2.38%
On assessed value
Assessed land
$2,925,000
Assessed improvement
$4,458,900
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1991
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
5
Units
195
Total area
72,801 SF
Lot
1.55 ac (67,419 SF)
Zoning code
I
APN
CHEL M:014 P:024
UPID
US38-1803877
Jurisdiction
CHELSEA
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
I · Chelsea, MAZoning I · permitted uses
I · Chelsea, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the I district is to provide for research, manufacturing, wholesaling, and related distribution activities in locations with suitable access and where such activities can occur without an adverse impact upon residential areas.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
206.53 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$1.9M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
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
1991
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
5
Buildings
1
Units
195
Lot
1.55 ac
Current owner
From public records · entity-resolved
Highland Pk Propertu LLC
Entity
Mailing address
320 NORWOOD PARK S, NORWOOD, MA 02062-4659
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2025
$10,725,000
Highland Pk Propertu LLC
255 Central Ave LLC
Deed
—
Dec 29, 2020
—
255 Ctrl Ave LLC
—
Deed
related
$17,170,700 · Walker & Dunlop LLC
Nov 22, 2016
$6,000,000
255 Central Avenue LLC
Eastpointe Ptshp
Quit Claim Deed
related
$69,300,000 · Monticello Aperion Fu
Apr 28, 2010
—
Eastpointe Partnership
—
Deed Of Trust
related
$11,050,500 · Worth Funding INC
Aug 1, 2006
—
Andrea L Noble
—
Deed Of Trust
related
$497,800 · Prudential Huntoon Pa
Apr 7, 2006
$1
Andrea L Noble
Eastpointe Prtnrshp
Grant Deed
related
—
Jul 3, 1991
$1,299,300
Eastpointe Prtnrshp
Prudent Associates INC
Grant Deed
$11,126,600 · Zuckerman Family Nomi
Sep 22, 1989
$975,000
Prudent Assocs INC
Meola RT
Grant Deed
$836,000 · Zenon Grzybowski
May 6, 1987
$15,000
Guy Meola
Mcnutt,p Harvey
Grant Deed
—
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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