Property profile

45 Spruce St Chelsea, MA 02150

OFF-MARKET
Industrial properties
Property ID
US38-0977707
26,762 SF 1.43 ac lot Built 1970
Entity Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1970
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 26,762 SF
Lot 1.43 ac (62,299 SF)
Zoning code INDUST
APN CHEL M:036 P:009
UPID US38-0977707

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Government Office

Location

45 Spruce St Chelsea, MA 02150-2345
Chelsea metro Census 160400 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.43M

Owner & transaction history

since 2019
7 recorded transactions
2023
Price N/A
2019
$6.0M
2000
Price N/A
2000
Price N/A
1998
$1.1M
1994
$77,500
1994
$19,280

Zoning & alternative use

INDUST · Chelsea, MA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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