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Property profile & analytics
OFF-MARKET
Estimated value
$26,845,000
Warehouses
9 Stuart Rd Chelmsford, MA 01824
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0367933
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
299,260 SF
Lot
14.48 ac (630,749 SF)
Zoning code
IA
APN
CHEL M:0096 B:0328 L:8
UPID
US38-0367933
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
$19.00M
Blend (final)
Blend
$26.85M
Owner & transaction history
Eip A York LLC · 4 yrs held
Eip A York LLC
since 2021
Last sale
$30.0M
7 recorded transactions
Zoning & alternative use
IA · Chelmsford, 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 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
$28,375,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$43,525,000
Current use
Blend value · Realmo final
$26.85M
Range $24.16M – $29.53M · ±10% · vs last sale $30.00M (Dec 29 2021)
Last sale anchor
$30.00M
Dec 29 2021
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
$90 / 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
$203,647
Tax year 2024
Assessed value
$11,826,200
Assessed 2024
Previous assessed
$10,970,000
+7.8% YoY
Effective rate
1.72%
On assessed value
Assessed land
$4,623,500
Assessed improvement
$7,202,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Bathrooms
1
Total area
299,260 SF
Lot
14.48 ac (630,749 SF)
Zoning code
IA
APN
CHEL M:0096 B:0328 L:8
UPID
US38-0367933
Jurisdiction
CHELMSFORD
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
IA · Chelmsford, MA
Zoning IA · permitted uses
IA · Chelmsford, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chelmsford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$43.5M
WAREHOUSE, STORAGE Current
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Bathrooms
1
Lot
14.48 ac
Current owner
From public records · entity-resolved
Eip A York LLC
Entity
Mailing address
20 PICKERING ST #200, NEEDHAM, MA 02492-3197
Ownership since
2021
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
Feb 3, 2022
—
Eip Corsicana LLC
—
Deed
related
$12,000,000 · Nationwide Life Ins Co
Dec 29, 2021
$30,000,000
Eip A York LLC
Jumbo Cap Chelmsford LLC
Quit Claim Arm's Length For Ne States
$12,000,000 · Lewis Heafitz
Jul 21, 2020
—
Jumbo Cap Chelmsford Ptnr
—
Deed
related
$11,900,000 · Webster Five Cents Savings Bank
Oct 23, 2013
—
Jumbo Capital Chelmsford
—
Deed Of Trust
related
$7,600,000 · East Boston Savings Bank
Oct 21, 2013
$10,755,000
Jumbo Capital Chelmsford
Lit Chelmsford LLC
Quit Claim Deed
—
Jun 15, 1999
$10,213,012
Chi Chelmsford LLC
9 Stuart Corp
Grant Deed
—
Jul 23, 1997
$8,141,675
Stuart Street Distribu
Chelmsford Realty Asso
Grant Deed
$9,000,000 · Principal Mutual Life Ins
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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