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Property profile & analytics
OFF-MARKET
Office Spaces
5 Fletcher St Fl 1 Chelmsford, MA 01824-2884
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-1335607
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1965
Total area
1,968 SF
Zoning code
CD
APN
CHEL M:0073 B:0295 L:17 U:1
UPID
US38-1335607
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Phillis Props LLC · 6 yrs held
Phillis Props LLC
since 2019
6 recorded transactions
Zoning & alternative use
CD · Chelmsford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
These are primarily retail commercial offices, restaurants and entertainment commercial uses, excluding repair, open lot sales, wholesale and storage uses. These uses are usually located along existing major traffic thoroughfares.
Zone name
General
General category
COMMERCIAL
Zone area
98.64 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$5,733
Tax year 2024
Assessed value
$332,900
Assessed 2024
Previous assessed
$290,100
+14.8% YoY
Effective rate
1.72%
On assessed value
Assessed improvement
$332,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1965
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Bathrooms
2
Total area
1,968 SF
Zoning code
CD
APN
CHEL M:0073 B:0295 L:17 U:1
UPID
US38-1335607
Jurisdiction
CHELMSFORD
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
CD · Chelmsford, MAZoning CD · permitted uses
CD · Chelmsford, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
These are primarily retail commercial offices, restaurants and entertainment commercial uses, excluding repair, open lot sales, wholesale and storage uses. These uses are usually located along existing major traffic thoroughfares.
Zone name
General
General category
COMMERCIAL
Zone area
98.64 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1965
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
2
Current owner
From public records · entity-resolved
Phillis Props LLC
Entity
Mailing address
15 CEDAR ST, NORTH CHELMSFORD, MA 01863-2009
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2019
$250,000
Phillis Props LLC
Dsb Nt
Quit Claim Deed
—
Jan 6, 2009
—
Fletcher Street Rlty LLC
—
Deed Of Trust
related
$340,000 · Enterprise Bank & Trust
Jan 7, 2004
$415,000
Fletcher Street Rlty LLC
Gillette,daniel R SR
Grant Deed
$317,000 · Butler Bank
Jan 7, 2004
—
Fletcher Street Rlty LLC
—
Grant Deed
related
$83,000 · Daniel R Gillette SR
Nov 26, 2002
$1
Daniel R Gillette SR.
Gillette,carole L
Grant Deed
related
—
May 7, 1990
—
Wilfred N Beaucher
—
Deed Of Trust
related
$100,000 · Enterprise Bank & Trust
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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