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Property profile & analytics
OFF-MARKET Estimated value $2,620,000
Office buildings

40 Brick Kiln Rd Chelmsford, MA 01824-3222

18,801 SF 4.8 ac lot Built 2002
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US38-0800452
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2002
Construction FRAME
Total area 18,801 SF
Lot 4.8 ac (209,088 SF)
Zoning code RB
APN CHEL M:0077 B:0307 L:10
UPID US38-0800452
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
$2.50M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.16M
Blend (final) Blend
$2.62M
Owner & transaction history
Mattone Forno LLC · 4 yrs held
Mattone Forno LLC
since 2022
Last sale
$2.6M
7 recorded transactions
2024
Price N/A
2023
Price N/A
2022
$2.6M
2018
$2.3M
2008
$2.5M
2004
Price N/A
2004
Price N/A
Zoning & alternative use
RB · Chelmsford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $4.3M +98.2%
Industrial (general) $2.9M +32.1%
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