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Property profile & analytics
OFF-MARKET
Estimated value
$14,175,000
Showrooms
7 Progress Ave Chelmsford, MA 01824-3606
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US38-1005782
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
130,341 SF
Lot
2.96 ac (128,938 SF)
Zoning code
IA
APN
CHEL M:0086 B:0291 L:2
UPID
US38-1005782
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
$16.89M
Blend (final)
Blend
$14.18M
Owner & transaction history
Krismk LLC · 10 yrs held
Krismk LLC
since 2016
5 recorded transactions
Zoning & alternative use
IA · Chelmsford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
These are areas that are primarily used for office, research development, manufacturing and warehousing.
Zone name
Limited
General category
INDUSTRIAL
Zone area
1,537.36 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.18M
Range $12.76M – $15.59M · ±10%
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
$109 / 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
$152,352
Tax year 2024
Assessed value
$8,847,400
Assessed 2024
Previous assessed
$7,854,100
+12.6% YoY
Effective rate
1.72%
On assessed value
Assessed land
$792,100
Assessed improvement
$8,055,300
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
3
Units
1
Bathrooms
6
Total area
130,341 SF
Lot
2.96 ac (128,938 SF)
Zoning code
IA
APN
CHEL M:0086 B:0291 L:2
UPID
US38-1005782
Jurisdiction
CHELMSFORD
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
IA · Chelmsford, MAZoning IA · permitted uses
IA · Chelmsford, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
These are areas that are primarily used for office, research development, manufacturing and warehousing.
Zone name
Limited
General category
INDUSTRIAL
Zone area
1,537.36 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
3
Buildings
1
Units
1
Bathrooms
6
Lot
2.96 ac
Current owner
From public records · entity-resolved
Krismk LLC
Entity
Mailing address
10 REGENCY RDG, ANDOVER, MA 01810-4882
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
Mar 28, 2019
—
Krismk LLC
—
Deed
related
$3,799,000 · New England Certified Development Corp
Nov 23, 2016
—
Krismk LLC
—
Deed
related
$4,461,995 · Digital FCU
Jun 30, 2016
$2,955,000
Krismk LLC
Nsd Real Estate LLC
Quit Claim Arm's Length For Ne States
$2,568,000 · Digital FCU
Jun 19, 2015
$1,850,000
Nsd Real Estate LLC
Gre Realty Management
Quit Claim Arm's Length For Ne States
$1,295,000 · South Shore Savings Bank
Apr 3, 2008
$933,236
Gre Realty Mgmt LLC
Egk Realty Corp
Grant Deed
$1,500,000 · 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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