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Property profile & analytics
OFF-MARKET
Estimated value
$2,265,000
Office buildings
285 Commandants Way, Chelsea, MA 02150-4057
Individually Owned
26-yr Hold
~
Est. High Equity
Property ID
US38-0465650
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1830
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,366 SF
Lot
0.88 ac (38,450 SF)
Zoning code
NH
APN
CHEL M:026 P:001B
UPID
US38-0465650
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
-
Seaport Academy Special Education Facility
-
Pencilbrook Consultant
-
Sherbros Management Co Business Management Consultant
-
iMOD Loan Modification Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.27M
Owner & transaction history
Uss Constitution Mag · 26 yrs held
Uss Constitution Mag
since 2000
7 recorded transactions
Zoning & alternative use
NH · 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
$219 / 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
$49,799
Tax year 2024
Assessed value
$2,096,800
Assessed 2024
Previous assessed
$1,900,900
+10.3% YoY
Effective rate
2.38%
On assessed value
Assessed land
$720,600
Assessed improvement
$1,376,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1830
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
16
Bathrooms
4
Total area
10,366 SF
Lot
0.88 ac (38,450 SF)
Zoning code
NH
APN
CHEL M:026 P:001B
UPID
US38-0465650
Jurisdiction
CHELSEA
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
NH · Chelsea, MA
Zoning NH · permitted uses
NH · 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
1830
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
16
Bathrooms
4
Lot
0.88 ac
Current owner
From public records · entity-resolved
Uss Constitution Mag
Individual
Mailing address
19 MARSHAL ST, BROOKLINE, MA 02446-5418
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2022
—
Uss Constitution Magazine
—
Deed
related
$1,800,000 · Rockland Trust Co
Mar 28, 2005
—
Uss Constitution Magazine
—
Deed Of Trust
related
$500,000 · Roger N Sherman
Dec 7, 2004
—
Uss Constitution Magazine
—
Deed Of Trust
related
$50,000 · Gary Needham
Jan 4, 2002
—
Uss Constitution Magaz
—
Deed Of Trust
related
$1,000,000 · Gary Needham
Oct 13, 2000
—
Constitution Magazine
—
Deed Of Trust
related
$113,947 · Tensor Corp
Sep 29, 2000
—
Uss Constitution Magaz
—
Deed Of Trust
related
$717,200 · Gary Needham
Apr 14, 2000
$459,000
Uss Constitution Mag
Hill,charles
Grant Deed
$459,000 · Zeger Corp Pension Trust
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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