Belmont Retail Investment
For Sale
$1,250,000
117-121 Trapelo Rd, Belmont, MA 02478
Retail property in Belmont, MA, offering long-term investment potential.
Property Size3,392 SF
Price / SF$368.51
Days on Market109
Property Features for 117-121 Trapelo Rd
General Information
Standard status
Active
Size
3,392 SF
Property subtype
Commercial
Zoning
LB1, Legal Conforming
Taxes and HOA fees
Annual Taxes
$15,206
Building Details
Building Size
3,392 SF
Year Built
1920
Listing Agency:
Gibson Sotheby's International Realty
(617) 908-6775
Listed By:
Albert Bouchie · License #9522540
(617) 908-6775
Source:
Liongatere
Added: Apr 25
Changed: Aug 8
Last Checked: Apr 25 at 6:33AM
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 Sotheby's International Realty
Investment Insights
Based on property information with market context.
The property located at 117-121 Trapelo Rd in Belmont, MA, is a retail investment opportunity. Constructed in 1920, the building has 3,392 square feet of space. The property is zoned LB1 and is currently 100% occupied. The location is in the Belmont area.
Key Highlights
- Prime investment opportunity for retail and street retail investors
- Located in the thriving Belmont area
- 100% occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,753
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$975,060
$975.1K
Cap Rate 7%
$696,471
$696.5K
Cap Rate 9%
$541,700
$541.7K
Market Conditions
NOI Build-Up for 3,392 SF
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.
Gross rent
$74.5K $21.96/SF
− Vacancy
−$4.8K −$1.43/SF
EGI
$69.6K $20.53/SF
− OpEx
−$20.9K −$6.16/SF
NOI
$48.8K $14.37/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$975,060
Cap Rate 7%
$696,471
Cap Rate 9%
$541,700
Alternative Uses
Best Use
Retail
$696.5K
$609.4K – $812.6K
NOI $48,753 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,564 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
816
Businesses Nearby
25k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 72%
Shops & Services 25%
Beauty & Spa 2%
Starbucks
Dining
9,892 visits/mo
0.2 miles
Dunkin' Donuts
Dining
8,292 visits/mo
0.3 miles
The UPS Store
Shops & Services
3,227 visits/mo
0.2 miles
Cambridge Trust
Shops & Services
1,685 visits/mo
0.4 miles
M&T Bank
Shops & Services
1,487 visits/mo
0.2 miles
Demographics for 02478, MA
27,286
Population
10,811
Households
2.5
Avg Household Size
42
Median Age
80%
College-Educated
98%
High-School Grad
4.6 sq mi
ZIP Area
5,932
Density / Sq Mi
$177,790
Median Household Income
$95,206
Median Earnings
$2,382
Median Rent
$1,108,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Jayne's Flowers - Belmont — 377 Trapelo Rd, Belmont, MA 02478
- Paradise Flowers — 454 Common St, Belmont, MA 02478
- Bloomfor — 120 Trapelo Rd, Belmont, MA 02478
- Bloomfor flower delivery — 120 Trapelo Rd, Belmont, MA 02478
Frequently Asked Questions
What type of property is this?
Storefront property - Retail property in Belmont, MA, offering long-term investment potential.
Where is this storefront property located?
The property is located at 117-121 Trapelo Rd Belmont, MA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Prime investment opportunity for retail and street retail investors; Located in the thriving Belmont area; 100% occupancy
