Property profile

9 Progress Ave Chelmsford, MA 01824

OFF-MARKET
Manufacturing properties
Property ID
US38-1183550
8,000 SF 1 ac lot Built 1971
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1971
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,000 SF
Lot 1 ac (43,560 SF)
Zoning code IA
APN CHEL M:0075 B:0291 L:54
UPID US38-1183550

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Renovation Specialist General Contractor
  • Building Supply Hardware & Home Improvement

Location

9 Progress Ave Chelmsford, MA 01824-3606
Chelmsford metro Census 317102 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.10M
CAP Approach CAP
$1.31M
Comparable Approach Comparable
$1.68M
Blend (final) Blend
$2.06M

Owner & transaction history

since 2023
Last sale
$2.3M
6 recorded transactions
2023
$2.3M
2014
$950,000
2004
$800,000
2001
$1.0M
1996
$300,000
1996
Price N/A

Zoning & alternative use

IA · Chelmsford, MA
Zoning description

These are areas that are primarily used for office, research development, manufacturing and warehousing.

General category INDUSTRIAL
Top alternative use upside
Restaurant $2.3M +89.1%
Auto repair, garage $2.3M +83.4%
Neighborhood: shopping center $2.2M +80.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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