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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Office buildings
5 Nn Rd Chelmsford, MA 01824-2710
Entity Owned
1-yr Hold
Free & Clear
Property ID
US38-1900181
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Total area
2,249 SF
Lot
0.23 ac (10,019 SF)
Zoning code
CV
APN
CHEL M:0073 B:0319 L:13
UPID
US38-1900181
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
$785k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$476k
Blend (final)
Blend
$785k
Owner & transaction history
Alpine Property Mgmt LLC · 1 yrs held
Alpine Property Mgmt LLC
since 2024
Last sale
$785,000
5 recorded transactions
Zoning & alternative use
CV · Chelmsford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is for maintaining downtown village character.
Zone name
Center Village
General category
COMMERCIAL
Zone area
27.27 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$635,000
+142.2%
Neighborhood: shopping center
$625,000
+138.4%
Retail stores
$605,000
+131.9%
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
$785,000
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$635,000
Change: +142% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$625,000
Change: +138% · Conversion: Difficult
RETAIL STORES
$605,000
Change: +132% · Conversion: Moderate
COMMERCIAL (GENERAL)
$580,000
Change: +122% · Conversion: Easy
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $785k (Aug 27 2024)
Last sale anchor
$785k
Aug 27 2024
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
$349 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$10,837
Tax year 2024
Assessed value
$629,300
Assessed 2024
Previous assessed
$629,300
+0.0% YoY
Effective rate
1.72%
On assessed value
Assessed land
$245,300
Assessed improvement
$384,000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1900
Heating
STEAM
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
1
Total area
2,249 SF
Lot
0.23 ac (10,019 SF)
Zoning code
CV
APN
CHEL M:0073 B:0319 L:13
UPID
US38-1900181
Jurisdiction
CHELMSFORD
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
CV · Chelmsford, MAZoning CV · permitted uses
CV · Chelmsford, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is for maintaining downtown village character.
Zone name
Center Village
General category
COMMERCIAL
Zone area
27.27 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$635,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$625,000
RETAIL STORES
Est. value
$605,000
COMMERCIAL (GENERAL)
Est. value
$580,000
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
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
1900
Heating
STEAM
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Alpine Property Mgmt LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5 NN RD, CHELMSFORD, MA 01824-2710
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2024
$785,000
Alpine Property Mgmt LLC
L M M C & G INC
Quit Claim Arm's Length For Ne States
—
Nov 2, 2011
$525,000
Lmmc&g INC
Bph LLC
Grant Deed
$475,000 · Gary A Lamarche
Feb 25, 1998
$210,000
Mtc Construction INC
Krasnecki,edward G
Grant Deed
$217,000 · Enterprise Bank & Trust
Jun 19, 1995
$269,021
Edward Krasnecki
Egk Realty Corp
Grant Deed
—
Dec 31, 1993
$275,000
Egk RT
Krasnecki,edward
Grant Deed
$275,000 · Zenon Grzybowski
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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