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Property profile & analytics
OFF-MARKET
Estimated value
$3,595,000
Commercial land
9 Chelsea St East Boston, MA 02128-1912
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-0955438
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1940
Construction
BRICK
Total area
10,552 SF
Lot
0.33 ac (14,241 SF)
Zoning code
CL
APN
EBOS W:01 P:03873 S:000
UPID
US38-0955438
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
-
Artemis Opioid Rehab Boston, MA Health Counselor Rehabilitation Center
-
Rapino Memorial Home Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.57M
CAP Approach
CAP
$3.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.60M
Owner & transaction history
9 Chelsea Street LLC · 1 yrs held
9 Chelsea Street LLC
since 2025
Last sale
$3.6M
2 recorded transactions
Zoning & alternative use
CL · East Boston, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.7M
+78.0%
Neighborhood: shopping center
$3.5M
+9.3%
Industrial (general)
$3.4M
+5.6%
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 East Boston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Boston 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
$3,535,000
ML approach
$3,570,000
CAP Approach
CAP Return
Estimation
6%
$4,295,000
6.5%
$3,965,000
7%
$3,680,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,185,000
Current use
RETAIL STORES
$5,670,000
Change: +78% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,480,000
Change: +9% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,365,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$3.60M
Range $3.24M – $3.95M · ±10% · vs last sale $3.64M (Mar 12 2025)
Last sale anchor
$3.64M
Mar 12 2025
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
$341 / 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
$7,596
Tax year 2024
Assessed value
$300,600
Assessed 2024
Previous assessed
$300,600
+0.0% YoY
Effective rate
2.53%
On assessed value
Assessed land
$300,600
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1940
Construction
BRICK
Heating
NONE
Stories
1
Total area
10,552 SF
Lot
0.33 ac (14,241 SF)
Zoning code
CL
APN
EBOS W:01 P:03873 S:000
UPID
US38-0955438
Jurisdiction
BOSTON
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
CL · East Boston, MA
Zoning CL · permitted uses
CL · East Boston, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Boston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.2M
RETAIL STORES
Est. value
$5.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
INDUSTRIAL (GENERAL)
Est. value
$3.4M
COMMERCIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (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
1940
Construction
BRICK
Heating
NONE
Stories
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
9 Chelsea Street LLC
Entity
Mailing address
1 VAN DE GRAAFF DR STE #402, BURLINGTON, MA 01803-5294
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2025
$3,635,767
9 Chelsea Street LLC
Linear Retail Boston 18 L
Deed
$4,200,000 · Mountain 1st Bank & Trust Co
Oct 1, 2014
$2,325,000
Linear Retail Boston LLC
Tauro Family Trust
Quit Claim Deed
—
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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