Multi-Unit Retail
For Sale
$1,225,000
117-121 Trapelo Rd, Belmont, MA 02478
Street retail building offers a zoned LB1 investment option with 100% occupancy.
Property Size3,392 SF
Price / SF$361.14
Days on Market433
Property Features for 117-121 Trapelo Rd
General Information
Standard status
Active
Size
3,392 SF
Property subtype
Commercial
Zoning
LB1
Occupancy
100%
Net Operating Income
$74,032
Taxes and HOA fees
Annual Taxes
$15,206
Building Details
Building Size
3,392 SF
Year Built
1920
Listing Agency:
Gibson CRE
(617) 426-6901
Listed By:
Albert Bouchie · License #9522540
(617) 908-6775
Source:
Churchillprop
Added: Aug 4, 2025
Changed: Oct 7
Last Checked: Oct 9 at 4:32PM
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.
Gibson Commercial is offering for sale 117-121 Trapelo Rd, a multi-unit storefront retail building constructed in 1920. The property totals 3,392 square feet and is presented as 100% occupied. It is zoned LB1, supporting retail and street retail uses within the local zoning framework.
The asset is located on Trapelo Rd in Belmont, Massachusetts, and is positioned for street retail visibility. The listing is offered for sale to retail and street retail investors looking for a currently stabilized property.
For buyers seeking a retail asset with existing tenancy, the current 100% occupancy provides an immediate operating baseline. The LB1 zoning and dedicated storefront format make the building suited to investors who want to own a street-facing retail presence in Belmont while underwriting tenant demand and lease terms through due diligence.
The asset is located on Trapelo Rd in Belmont, Massachusetts, and is positioned for street retail visibility. The listing is offered for sale to retail and street retail investors looking for a currently stabilized property.
For buyers seeking a retail asset with existing tenancy, the current 100% occupancy provides an immediate operating baseline. The LB1 zoning and dedicated storefront format make the building suited to investors who want to own a street-facing retail presence in Belmont while underwriting tenant demand and lease terms through due diligence.
Key Highlights
- 3,392 SF street retail building at 117–121 Trapelo Rd in Belmont, MA
- Built in 1920
- Zoned LB1
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,753
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
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
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 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 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,564 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
734
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
0.1 miles
Dunkin' Donuts
Dining
8,292 visits/mo
0.5 miles
The UPS Store
Shops & Services
3,227 visits/mo
0.1 miles
Cambridge Trust
Shops & Services
1,685 visits/mo
0.5 miles
M&T Bank
Shops & Services
1,487 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Street retail building offers a zoned LB1 investment option with 100% occupancy.
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 $1,225,000.
What are key features of this property?
This property features: 3,392 SF street retail building at 117–121 Trapelo Rd in Belmont, MA; Built in 1920; Zoned LB1
