Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    321 Billerica Rd Chelmsford, MA 01824-4169

    • Life science properties
    • 70,498 SF
    • 4.93 lot acres
    OFF-MARKET
    Value Estimations
    $1,245,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-2176222
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Life science properties

    Property Details for 321 Billerica Rd

    Year built
    1985
    Construction
    STEEL FRAME
    Lot size
    4.93 lot acres
    Property size
    70,498 SF
    Zone code
    IA
    Property type
    Life science properties
    APN
    CHEL M:0087 B:0328 L:4
    APU
    CHELM0087B0328L4

    Description

    This exceptional Chelmsford, MA property offers a prime opportunity for medical or office users. Located off Route 3, the Chelmsford Medical and Surgical Center is a two-story, 72,050 square foot building providing convenient access to dining and shopping, including the nearby Pressed Cafe. Currently, two flexible spaces are available on the second floor, ranging from 6,392 to 6,570 square feet. This space is part of a larger 12,962 square foot area, easily subdividable to accommodate various business needs. The second floor is serviced by both freight and passenger elevators, ensuring efficient operations. The building's location in Middlesex County offers excellent accessibility and visibility. The property is professionally managed, providing peace of mind for tenants. This is an ideal location for businesses seeking a modern, well-maintained space in a thriving community. The flexible layout and convenient amenities make this property a truly attractive option for a variety of medical and office users. The building's size and layout offer significant potential for expansion or customization. This is a rare opportunity to secure high-quality space in a desirable location. Interested parties should inquire for further details and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chelmsford
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.319
    Latitude
    42.5918
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $135,928
    $1,837,800
    $6,055,800
    $7,893,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,030,000
      81,858 SF

      4 Omni Way

      R&D FACILITY, LABS, PHARMA • 81,858 SF
      4 Omni Way, Chelmsford, MA 01824-4141
      View Details
    • Value Estimation
      $5,680,000
      70,960 SF

      11 Elizabeth Dr

      R&D FACILITY, LABS, PHARMA • 70,960 SF
      11 Elizabeth Dr, Chelmsford, MA 01824-4111
      View Details
    • Value Estimation
      $8,035,000
      134,792 SF

      15 Elizabeth Dr

      R&D FACILITY, LABS, PHARMA • 134,792 SF
      15 Elizabeth Dr, Chelmsford, MA 01824-4111
      View Details
    • Value Estimation
      $1,335,000
      71,500 SF

      20 Alpha Rd

      R&D FACILITY, LABS, PHARMA • 71,500 SF
      20 Alpha Rd, Chelmsford, MA 01824-4123
      View Details
    • Value Estimation
      $1,715,000
      97,250 SF

      12 Elizabeth Dr

      R&D FACILITY, LABS, PHARMA • 97,250 SF
      12 Elizabeth Dr, Chelmsford, MA 01824-4147
      View Details
    • Value Estimation
      $4,935,000
      110,492 SF

      300 Billerica Rd

      R&D FACILITY, LABS, PHARMA • 110,492 SF
      300 Billerica Rd, Chelmsford, MA 01824-4140
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,155 SF

      Chelmsford Flex Building For Sale

      9,153 SF flex building with additional parking/storage.
      24 Maple Rd, Chelmsford, MA 01824
      View Details
    • $2,900,000
      3.20 Acres

      Chelmsford Office Building - 3.2 Acres

      Large Office & Garage Space - Excellent Location
      229 Billerica Rd, Chelmsford, MA 01824
      View Details
    • $2,500,000
      1.21 Acres

      Chelmsford Industrial Land Opportunity

      1.21 Acres, Prime Location, $2.5M
      315 Littleton Rd, Chelmsford, MA 01824
      View Details
    • $1,599,900

      Chelmsford Commercial Buildings For Sale

      Two commercial buildings in Chelmsford Center, ready for your vision.
      26 Central Sq, Chelmsford, MA 01824
      View Details
    • Contact for pricing
      4.80 Acres

      Chelmsford Land - 4.8 Acres

      Prime Chelmsford development opportunity.
      40 Brick Kiln Rd, Chelmsford, MA 01824
      View Details
    • Contact for pricing

      Commercial Land For Sale

      Commercial land available for sale.
      40 Brick Kiln Rd, Chelmsford, MA 01824
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      54,000 SF

      Middlesex County Industrial Space

      Flex/Manufacturing Space Available Now
      7 Stuart Rd, Chelmsford, MA 01824
      View Details
    • $14 SF/Yr
      25,000 SF

      Chelmsford Office, Industrial, Garage Space

      25,000 SF available with office, industrial, and garage bays.
      200 Turnpike Rd, Chelmsford, MA 01824
      View Details
    • $5,100 /Mo
      3,400 SF

      Chelmsford Flex Space Available

      Flex space for lease with warehouse and office areas.
      10 Jean Ave, Chelmsford, MA 01824
      View Details
    • Contact for pricing
      26,752 SF

      Chelmsford Flex Space Available

      Newly renovated flex space with highway visibility and ample parking.
      330 Billerica Rd, Chelmsford, MA 01824
      View Details
    • Contact for pricing
      43,464 SF

      Chelmsford Industrial Flex Space

      Single-story R&D/light assembly facility in Altid Industrial Park.
      19 Alpha Rd, Chelmsford, MA 01824
      View Details
    • $15 SF/Yr
      3,900 SF

      Chelmsford Flex/Manufacturing Space Available

      Flex/light manufacturing building with loading docks, near Route 3.
      7 Stuart Rd, Chelmsford, MA 01824
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    321 Billerica Rd
    Chelmsford, MA 01824-4169
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.