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Property profile & analytics
OFF-MARKET
Estimated value
$18,115,000
Office buildings
70 Everett Ave, Chelsea, MA 02150-2376
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-0397683
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
STEEL FRAME
Total area
88,280 SF
Lot
1.36 ac (59,371 SF)
Zoning code
INDUST
APN
CHEL M:037 P:003S
UPID
US38-0397683
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
-
US General Services Administration Federal Government Office
-
Family Child Care Program Daycare Center
-
Mid-America Overseas Inc Freight Service Logistics Company
-
US Fish & Wildlife Services Sustainability Organization
-
South Bay Community Services Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.12M
Owner & transaction history
Nc 70e Chelsea LLC · 6 yrs held
Nc 70e Chelsea LLC
since 2019
5 recorded transactions
Zoning & alternative use
INDUST · 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
$205 / 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
$354,262
Tax year 2024
Assessed value
$14,916,300
Assessed 2024
Previous assessed
$14,617,100
+2.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$831,800
Assessed improvement
$14,084,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
5
Units
1
Rooms
16
Total area
88,280 SF
Lot
1.36 ac (59,371 SF)
Zoning code
INDUST
APN
CHEL M:037 P:003S
UPID
US38-0397683
Jurisdiction
CHELSEA
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
INDUST · Chelsea, MA
Zoning INDUST · permitted uses
INDUST · 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
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
5
Buildings
1
Units
1
Rooms
16
Lot
1.36 ac
Current owner
From public records · entity-resolved
Nc 70e Chelsea LLC
Entity
Mailing address
625 MT AUBURN ST #204, CAMBRIDGE, MA 02138-4555
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2023
—
Nc 70e Chelsea LLC
—
Deed
related
$1,898,713 · Cambridge Savings Bank
Dec 10, 2019
$28,800,000
Nc 70e Chelsea LLC
70 Harbour Pointe LLC
Quit Claim Deed
$51,155,000 · Cambridge Savings Bank
Dec 10, 2019
—
70 Harbour Pointe LLC
P
Quit Claim Deed
related
—
Dec 26, 2017
—
70 Harbour Pointe LLC
—
Deed
related
$3,500,000 · Citizens Bk/ma
—
—
70 Harbour Pointe LLC
—
Deed Of Trust
related
$3,500,000 · Citizens Bk/ma
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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