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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Investment properties
61 Everett Ave Chelsea, MA 02150-2372
Entity Owned
13-yr Hold
Property ID
US38-0623621
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1906
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,209 SF
Lot
0.03 ac (1,362 SF)
Zoning code
BH
APN
CHEL M:037 P:032
UPID
US38-0623621
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
-
Chelsea Dental Care Dental Office
-
Aloe Natural Açaí & Coffee Shop Cafe & Coffee Shop
-
Fatima Dhanani Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$595k
Owner & transaction history
61 Everett Ave LLC · 13 yrs held
61 Everett Ave LLC
since 2013
7 recorded transactions
Zoning & alternative use
BH · 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
$141 / 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
$16,065
Tax year 2019
Assessed value
$1,106,800
Assessed 2024
Previous assessed
$1,003,100
+10.3% YoY
Effective rate
1.45%
On assessed value
Assessed land
$162,900
Assessed improvement
$943,900
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1906
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Buildings
1
Stories
3
Units
6
Total area
4,209 SF
Lot
0.03 ac (1,362 SF)
Zoning code
BH
APN
CHEL M:037 P:032
UPID
US38-0623621
Jurisdiction
CHELSEA
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
BH · Chelsea, MA
Zoning BH · permitted uses
BH · 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
1906
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
3
Buildings
1
Units
6
Lot
0.03 ac
Current owner
From public records · entity-resolved
61 Everett Ave LLC
Entity
Mailing address
22 SUZANNE RDB, LEXINGTON, MA 02420-1845
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2013
$600,000
61 Everett Ave LLC
Novak Chelsea Nt
Grant Deed
$420,000 · Gary Needham
Dec 12, 2006
—
Dorothy A Novak
—
Deed Of Trust
related
$395,000 · Winter Hill Fsb
Oct 23, 2003
$1
Dorothy A T Novak
Novak,murray J
Grant Deed
related
—
Oct 14, 2003
—
Dorothy A Novak
—
Deed Of Trust
related
$350,000 · Winter Hill Fsb
Feb 5, 1999
—
Murray J Novak
—
Deed Of Trust
related
$127,500 · Broadway National Bank
Aug 31, 1995
—
Murray J Novak
—
Deed Of Trust
related
$116,800 · Broadway National Bank
Dec 13, 1988
—
Murray J Novak
—
Deed Of Trust
related
$168,000 · Broadway National Bank
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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