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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Investment properties
279 Broadway 285 Chelsea, MA 02150-2807
Individually Owned
11-yr Hold
Property ID
US38-1297090
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,396 SF
Lot
0.13 ac (5,623 SF)
Zoning code
BR
APN
CHEL M:029 P:034
UPID
US38-1297090
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
-
International Nails Nail Salon
-
Dr. Alice Lwin Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$855k
Owner & transaction history
279 Broadway Chelsea L · 11 yrs held
279 Broadway Chelsea L
since 2015
7 recorded transactions
Zoning & alternative use
BR · Chelsea, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$134 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$29,085
Tax year 2019
Assessed value
$1,396,200
Assessed 2024
Previous assessed
$1,214,400
+15.0% YoY
Effective rate
2.08%
On assessed value
Assessed land
$228,000
Assessed improvement
$1,168,200
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
4
Rooms
8
Total area
6,396 SF
Lot
0.13 ac (5,623 SF)
Zoning code
BR
APN
CHEL M:029 P:034
UPID
US38-1297090
Jurisdiction
CHELSEA
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
BR · Chelsea, MA
Zoning BR · permitted uses
BR · 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.
Building & site characteristics
From public records
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
4
Rooms
8
Lot
0.13 ac
Current owner
From public records · entity-resolved
279 Broadway Chelsea L
Individual
Mailing address
275 BROADWAY, CHELSEA, MA 02150-2807
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2015
$900,000
279 Broadway Chelsea L
Jorge Medrano
Foreclosure
related
$675,000 · Eastern Bank
Jan 3, 2012
$1
111 South Broadway Props
Medrano,jorge
Grant Deed
related
—
Dec 21, 2011
—
Jorge Medrano
—
Deed Of Trust
related
$680,000 · Bank Of America
Oct 6, 2006
$850,000
Jorge Medrano
Truong,hong T
Grant Deed
$680,000 · Bank Of America
Nov 17, 2005
$1
Hong T Truong
Ho,son T
Grant Deed
related
—
Aug 29, 2003
—
Son T Ho
—
Deed Of Trust
related
$400,000 · Sovereign Bank
Feb 15, 1996
$140,000
Son T Ho
Kaufman,lillian R
Grant Deed
—
Aug 8, 1990
$130,000
Harry Kaufman
Capitol Bk & Tr Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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