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Property profile & analytics
OFF-MARKET
Industrial properties
291 Eastern Ave, Chelsea, MA 02150
Entity Owned
13-yr Hold
Free & Clear
Property ID
US38-0049945
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
1.63 ac (71,219 SF)
Zoning code
PORT
APN
CHEL M:050 P:011
UPID
US38-0049945
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jnse Real Est LLC · 13 yrs held
Jnse Real Est LLC
since 2012
7 recorded transactions
Zoning & alternative use
PORT · 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
—
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 2020Property tax & assessments
Tax year 2020
Tax billed
$23,290
Tax year 2020
Assessed value
$1,690,300
Assessed 2024
Previous assessed
$1,517,100
+11.4% YoY
Effective rate
1.38%
On assessed value
Assessed land
$1,134,500
Assessed improvement
$555,800
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Buildings
2
Units
1
Lot
1.63 ac (71,219 SF)
Zoning code
PORT
APN
CHEL M:050 P:011
UPID
US38-0049945
Jurisdiction
CHELSEA
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
PORT · Chelsea, MA
Zoning PORT · permitted uses
PORT · 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
Heating
NONE
Buildings
2
Units
1
Lot
1.63 ac
Current owner
From public records · entity-resolved
Jnse Real Est LLC
Entity
Free & Clear · 13 yrs held
Mailing address
84 MYOPIA RD, WINCHESTER, MA 01890-3745
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2012
$715,000
Jnse Real Est LLC
291 Eastern Ave LLC
Grant Deed
—
Apr 26, 2007
—
291 Eastern Ave LLC
—
Deed Of Trust
related
$752,000 · Sovereign Bank
Mar 15, 2007
$720,000
291 Eastern Avenue LLC
Chelsea Creek INC
Foreclosure
related
$700,000 · Faneuil Investors Grp
Sep 19, 2003
—
Chelsea Creek INC
—
Deed Of Trust
related
$54,000 · Fan Cadia LLC
Mar 22, 1999
—
Netec INC
—
Deed Of Trust
related
$364,095 · Net Properties INC
Dec 29, 1998
—
Netec INC
—
Deed Of Trust
related
$1,250,000 · First National Bank New Englnd
Oct 21, 1997
—
Netec INC
—
Deed Of Trust
related
$258,364 · State Street Bank & Trust Co
Jul 2, 1997
—
Netec INC
—
Deed Of Trust
related
$370,107 · State Street Bank & Trust Co
Oct 22, 1996
—
Netec INC
—
Deed Of Trust
related
$469,369 · State Street Bank & Trust Co
Dec 22, 1995
—
Neteo INC
—
Deed Of Trust
related
$430,000 · State Street Bank & Trust Co
Dec 6, 1995
—
Netec INC
—
Deed Of Trust
related
$500,000 · State Street Bank & Trust Co
Aug 18, 1995
$580,000
Netec INC
Net Prop INC
Grant Deed
$490,000 · Chelsea City
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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