40 Brick Kiln Rd, Chelmsford, MA 01824
- Office buildings
- 18,801 SF
- 4.80 lot acres
Current Use by Public Records
- Office buildings
Property Details for 40 Brick Kiln Rd
- Year built
- 2002
- Construction
- FRAME
- Lot size
- 4.80 lot acres
- Zone code
- RB
- Property type
- Office buildings
- APN
- CHEL M:0077 B:0307 L:10
- APU
- CHELM0077B0307L10
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 18, 2024 | — | Mattone Forno LLC | — | Deed · related | $6M · Leader Bank NA |
| Mar 21, 2023 | — | Mattone Forno LLC | — | Deed · related | $200k · Stoneham Savings Bank |
| Apr 15, 2022 | $2,600,000 | Mattone Forno LLC | Abp Enterprise LLC | Quit Claim Arm's Length For Ne States | $1.8M · Leader Bank NA |
| Mar 1, 2018 | $2,250,000 | Abp Enterprise LLC | Merrimack Education Ct | Quit Claim Arm's Length For Ne States | $1.6M · Leader Bank NA |
| Jul 1, 2008 | $2,485,000 | Merrimack Educ Center INC | Chel Alliance Educ INC | Grant Deed | $2.1M · Enterprise Bank & Trust |
| Oct 15, 2004 | — | Chel Alliance For Educatn | — | Deed Of Trust · related | $350k · Enterprise Bank & Trust |
| Jul 28, 2004 | — | Alliance Edu Chelmsford | — | Deed Of Trust · related | $130k · Enterprise Bank & Trust |
| Dec 20, 2001 | — | Murdoch Middle Public | — | Deed Of Trust · related | $2.5M · First Massachusetts Bank |
| Jul 31, 2001 | $300,000 | Murdoch Middle School | Flanagan,barbara A | Grant Deed | $500k · Enterprise Bank & Trust |
| Jul 31, 2001 | $200,000 | Murdoch Middle School | Conlon,paul F | Grant Deed | — |
Description
This exceptional 19,946 square foot executive office building, situated on a generous 4.8-acre lot in Chelmsford, Massachusetts, presents a compelling investment opportunity. Constructed in 2002, the single-story building boasts a strong financial performance, with a current Net Operating Income (NOI) of $195,776. The property is strategically located near the intersection of Route 3 and Route 495, providing convenient access to major transportation arteries. Currently, the building is 100% leased to the Middlesex Sheriff's Department under a lease agreement extending through January 2027, ensuring a stable income stream for the foreseeable future. The property is zoned for single-family residential use, offering potential for future development or redevelopment (subject to local regulations). Detailed financial information is available upon execution of a non-disclosure agreement. This property presents an excellent opportunity for a 1031 exchange, allowing investors to defer capital gains taxes. The building's size, location, and current lease agreement make it an attractive investment for discerning buyers seeking a stable, high-return asset in a desirable Massachusetts market. The property's address is 40 Brick Kiln Rd, Chelmsford, MA 01824, within Middlesex County.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,405,000
- ML approach
- $2,500,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,162,000
- AI Estimate
- $2,981,000
Market price range: $1.07M - $2.82MMarket price range: $1.79M - $3.98M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,185,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $4,330,000 Change: +98% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $2,885,000 Change: +32% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chelmsford
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.3027
- Latitude
- 42.6008
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
