Technical
Financial
Distress signals
Property profile

278 Ml Rd Chelmsford, MA 01824

OFF-MARKET
Super regional malls
Property ID
US38-0314380
5,940 SF 0.49 ac lot Built 2021
Entity Owned 6-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 2021
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,940 SF
Lot 0.49 ac (21,344 SF)
Zoning code IA
APN CHEL M:0097 B:0328 L:8
UPID US38-0314380

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Medical Clinic

Location

278 Ml Rd Chelmsford, MA 01824-4106
Chelmsford metro Census 317102 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.71M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.28M

Owner & transaction history

since 2019
5 recorded transactions
2023
Price N/A
2019
$595,000
2019
$295,000
2015
$295,000
2004
$250,000

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
Top alternative use upside
Restaurant $1.7M +4.8%
Auto repair, garage $1.7M +1.6%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 278 Ml Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message