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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Investment properties
37 Ml Rd, Chelmsford, MA 01824-4831
Individually Owned
5-yr Hold
Property ID
US38-1702806
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1800
Total area
3,016 SF
Lot
0.92 ac (40,075 SF)
Zoning code
RB
APN
CHEL M:0112 B:0426 L:6
UPID
US38-1702806
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
$740k
CAP Approach
CAP
$765k
Comparable Approach
Comparable
$784k
Blend (final)
Blend
$740k
Owner & transaction history
Rithy Mao · 5 yrs held
Rithy Mao
since 2021
Last sale
$724,000
7 recorded transactions
Zoning & alternative use
RB · Chelmsford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$850,000
+8.9%
Neighborhood: shopping center
$835,000
+7.2%
Retail stores
$815,000
+4.3%
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 Chelmsford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chelmsford 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
Method
Estimation
Statistic approach
$740,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
$830,000
6.5%
$765,000
7%
$710,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$780,000
Current use
AUTO REPAIR, GARAGE
$850,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$835,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$815,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$740k
Range $666k – $814k · ±10% · vs last sale $724k (Apr 28 2021)
Last sale anchor
$724k
Apr 28 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$245 / 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 2018Property tax & assessments
Tax year 2018
Tax billed
$7,577
Tax year 2018
Assessed value
$637,700
Assessed 2024
Previous assessed
$588,900
+8.3% YoY
Effective rate
1.19%
On assessed value
Assessed land
$303,800
Assessed improvement
$333,900
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1800
Heating
STEAM
Buildings
1
Stories
1
Units
1
Rooms
10
Bathrooms
1
Total area
3,016 SF
Lot
0.92 ac (40,075 SF)
Zoning code
RB
APN
CHEL M:0112 B:0426 L:6
UPID
US38-1702806
Jurisdiction
CHELMSFORD
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
RB · Chelmsford, MA
Zoning RB · permitted uses
RB · Chelmsford, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chelmsford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$780,000
AUTO REPAIR, GARAGE
Est. value
$850,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$835,000
RETAIL STORES
Est. value
$815,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1800
Heating
STEAM
Stories
1
Buildings
1
Units
1
Rooms
10
Bathrooms
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Rithy Mao
Individual
Mailing address
37 ML RD, CHELMSFORD, MA 01824-4831
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2023
—
Sokhoeun Soun
—
Deed
related
$110,000 · Digital FCU
Apr 28, 2021
$724,000
Rithy Mao
Kathleen M Sweeney
Quit Claim Arm's Length For Ne States
$669,750 · Homestead Funding Corp
Mar 4, 2021
—
Kathleen M Sweeney
Reilly P Murphy
Quit Claim Deed
related
—
Jun 18, 2020
—
Reilly P Murphy
Kathleen M Sweeney
Quit Claim Deed
related
—
Sep 3, 2010
$1
Sweeney,kathleen M
Murphy,kathleen S
Grant Deed
—
Sep 3, 2010
—
Sweeney,kathleen M
—
Grant Deed
related
$90,000 · Wells Fargo Mortgage
Mar 31, 2004
—
Kathleen Sweeney
—
Deed Of Trust
related
$50,000 · Enterprise Bank & Trust
Nov 15, 1995
—
Sean P Murphy
—
Deed Of Trust
related
$111,300 · First Nh Mortgage Corp
Jan 18, 1995
$138,000
Sean Murphy
Moran,mary T
Grant Deed
$110,400 · First Nh Mtg Corp
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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