Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Belmont Office/Medical Investment Opportunity Title is generated by Realmo AI

    113 Belmont, Belmont, MA 02478

    View on Map
    Claim this Listing
    For Sale
    $995,000

    1,840 SF building with 8 units in Belmont, MA.

    Type:Commercial
    Property size:
    1,840 SF
    Price / SF:
    $540/SF
    Added:
    Apr 1, 2026
    Days on Market:
    63
    Last Refresh:
    Apr 1 at 8:10 pm

    Property Features for 113 Belmont

    General Information

    Standard status
    Active
    Size
    1,840 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1970

    We can help!

    Listing Contact
    Albert Bouchie

    Listing agent Albert Bouchie

    Listing office Gibson CRE

    Listing date Apr 1, 2026

    Source Corcoran

    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

    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.
    • Potential mixed‑use repositioning with commercial and residential spaces.
    • Occupancy potential for user owner.
    • Potential for value enhancement through development.

    Overview

    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.

    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 (±1% cap)
    NOI $58,384 @ 7.0% cap · market cap 5.87%
    Second Best
    Healthcare Medical
    $763.0K
    $667.6K – $890.2K (±1% cap)
    NOI $53,410 @ 7.0% cap · market cap 5.37%
    Theoretical Best
    Office A
    $1.09M
    $953.1K – $1.27M (±1% cap)
    NOI $76,249 @ 7.0% cap · market cap 7.66%
    Zoning and permitted uses should be independently verified with local authorities.
    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

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Belmont
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1545956
    Latitude
    42.3753674

    Nearby Similar for Sale

    • $995,000
      1,840 SF

      Belmont Mixed-Use Investment Opportunity

      Versatile 1,840 SF building in Belmont, MA with mixed-use potential.
      113 Belmont, Belmont, MA 02478
      View Details
    • $1,525,000
      4,174 SF

      Belmont Office Building For Sale

      4174 SF office building in Belmont near Cushing Square.
      44 Trapelo, Belmont, MA 02478
      View Details
    • $1,250,000
      3,392 SF

      Belmont Retail Investment Opportunity

      Retail property in Belmont, MA, offering long-term investment potential.
      117-121 Trapelo Rd, Belmont, MA 02478
      View Details
    • $995,000
      1,840 SF

      Belmont Mixed-Use Investment Opportunity

      1840 SF building with mixed-use potential in Belmont, MA.
      113 Belmont, Belmont, MA 02478
      View Details
    • $1,525,000
      4,174 SF

      Belmont Office Building For Sale

      4174 SF office building in Belmont near Cushing Square.
      44 Trapelo, Belmont, MA 02478
      View Details
    • $1,525,000
      4,174 SF

      Belmont Office Building For Sale

      4174 SF office building in Belmont near Cushing Square.
      44 Trapelo, Belmont, MA 02478
      View Details
    • $1,250,000
      3,392 SF

      Belmont Retail Investment Opportunity

      Retail property in Belmont, MA, offering stable, long-term returns.
      117-121 Trapelo Road, Belmont, MA 02478
      View Details
    • Contact for pricing
      11,500 SF

      11,500 SF Flex/Retail Building

      Flex/Retail building with 11,500 SF on 0.33 AC for sale.
      334 Pleasant St, Belmont, MA 02478
      View Details

    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.
    (617) 426-6901
    We can help!
    Listing Contact
    Albert Bouchie
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    113 Belmont, Belmont, MA 02478
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!