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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Investment properties
60 Addison St Chelsea, MA 02150-2473
Trust Owned
10-yr Hold
Property ID
US38-1837675
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
FRAME
Total area
4,778 SF
Lot
0.08 ac (3,307 SF)
Zoning code
BR
APN
CHEL M:056 P:139
UPID
US38-1837675
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
Current use
Occupant on record · Public records
-
Market Del Sol Grocery & Convenience Store Food Market
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$685k
Owner & transaction history
60 Addison Street Trust · 10 yrs held
60 Addison Street Trust
since 2016
5 recorded transactions
Zoning & alternative use
BR · Chelsea, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Chelsea submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chelsea 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
$143 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$22,001
Tax year 2019
Assessed value
$1,574,400
Assessed 2024
Previous assessed
$1,075,100
+46.4% YoY
Effective rate
1.40%
On assessed value
Assessed land
$253,200
Assessed improvement
$1,321,200
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
3
Units
7
Rooms
14
Bathrooms
5
Total area
4,778 SF
Lot
0.08 ac (3,307 SF)
Zoning code
BR
APN
CHEL M:056 P:139
UPID
US38-1837675
Jurisdiction
CHELSEA
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
BR · Chelsea, MA
Zoning BR · permitted uses
BR · Chelsea, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chelsea. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
FORCED AIR
Stories
3
Buildings
1
Units
7
Rooms
14
Bathrooms
5
Lot
0.08 ac
Current owner
From public records · entity-resolved
60 Addison Street Trust
Trust
Mailing address
60 ADDISON ST, CHELSEA, MA 02150-2473
Ownership since
2016
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
Nov 5, 2020
—
60 Addison St RT
—
Deed
related
$650,000 · Eastern Bank
Jan 5, 2016
$1,260,987
60 Addison Street Trust
Spruce Street Realty Trust
Quit Claim Deed
$1,000,000 · Andreas Tzioumis
Dec 9, 2003
—
Andreas Tzioumis
—
Deed Of Trust
related
$461,250 · Winter Hill Fsb
Dec 27, 2000
$387,500
Andreas Tzioumis Tr
Dulkis,richard P
Grant Deed
$236,250 · Emigrant Funding Corp
Feb 9, 1988
$270,000
Richard P Dulkis
Drake,gary W
Grant Deed
$205,000 · Blackstone Bk & Tr Co
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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