Belmont Office/Medical Investment
113 Belmont Belmont, MA 02478
113 Belmont, Belmont, MA, 02478
$995,000
For Sale
$995,000
1,840 SF building with 8 units in Belmont, MA.
Property Size1,840 SF
Price / SF$540.76
Days on Market112
Property Features for 113 Belmont
General Information
- Standard status
- Active
- Size
- 1,840 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1970
Listing agency
Gibson CRE
(617) 426-6901
Listed by
Albert Bouchie · License #9522540
Source
Corcoran
Added: Apr 1 Updated: Jul 10 at 3:54PM Checked: Jul 21 at 5:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gibson CRE
Investment Insights
Based on property information with market context.
This 1,840 SF building, constructed in 1970, is located in Belmont, MA. The property features 8 units and is zoned LB3, providing flexibility for a range of usage options, making it an ideal choice for office or medical investment. The LB3 zoning also allows for a potential mixed-use reposition with commercial use on the first floor and residential on the upper floors. The property offers occupancy potential for a user-owner for further growth and potential for value enhancement through development. This well-positioned property satisfies the strong market demand for commercial space.
Key Highlights
- Prime investment opportunity in the heart of Belmont, MA.
- 1,840 SF building with 8 versatile units.
- LB3 zoning allows for office or medical investment.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.8k | $54.24 |
| − Vacancy | −$22.0k | −$11.93 |
| EGI | $77.8k | $42.31 |
| − OpEx | −$19.5k | −$10.58 |
| NOI | $58.4k | $31.73 |
1,840 SF · lease $54.24/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$834.1K
$729.8K – $973.1K
NOI $58,384 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$953.1K – $1.27M
NOI $76,249 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Alexander L O'hanley ...
Physician
Levin Robert M ...
Physician
Robert G. Coutu, ...
Physician
Coutu Carol
Physician
Nichols John A
Physician
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FAQs
What type of property is this?
Office building - 1,840 SF building with 8 units in Belmont, MA.
Where is this office building located?
The property is located at 113 Belmont Belmont, MA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Prime investment opportunity in the heart of Belmont, MA.; 1,840 SF building with 8 versatile units.; LB3 zoning allows for office or medical investment.
