Concord R&D Building For
For Sale
$2,250,000
61 Domino Drive, Concord, MA 01742
10,000 SF R&D building in Concord, ready for customization.
Property Size10,000 SF
Price / SF$225
Days on Market491
Property Features for 61 Domino Drive
General Information
Standard status
Active
Size
10,000 SF
Taxes and HOA fees
Annual Taxes
$17,839
Building Details
Year Built
1979
Listing Agency:
The Attias Group, LLC
Listed By:
The Zur Attias Team
Source:
Corcoran
Added: Apr 29, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 The Attias Group, LLC
Investment Insights
Based on property information with market context.
This 10,000 square foot building, zoned for research and development, is located in Concord, Massachusetts. Previously used as a Gold's Gym, the property has been recently emptied of interior demolition debris. The building features high ceilings, brick face, and cinder block construction. It includes one loading dock garage door bay and one drive-in bay that allows direct access into the warehouse. Ample parking is available. Situated at the end of a cul-de-sac in a prime location, the property presents a unique opportunity for business ownership and customization. The surrounding area includes a moving and storage facility, industrial building supplies, an embroidery shop, publishing businesses, and general office spaces, indicating a variety of potential uses. This commercial/warehouse building offers a business address in historic Concord, Massachusetts.
Key Highlights
- Zoned for Research and Development (R&D) offering versatile business opportunities.
- 10,000 sq ft of open space ready for customization** after recent debris removal.
- Prime location in Concord, MA at the end of a cul‑de‑sac with ample parking.
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
$129,163
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
5.74%
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%
$2,583,260
$2.6M
Cap Rate 7%
$1,845,186
$1.8M
Cap Rate 9%
$1,435,144
$1.4M
Market Conditions
NOI Build-Up for 10,000 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
$160.8K $16.08/SF
− Vacancy
−$8.8K −$0.88/SF
EGI
$152.0K $15.20/SF
− OpEx
−$22.8K −$2.28/SF
NOI
$129.2K $12.92/SF
Area
Middlesex County, MA
Vacancy
5.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
15.00%
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%
$2,583,260
Cap Rate 7%
$1,845,186
Cap Rate 9%
$1,435,144
Alternative Uses
Best Use
Warehouse
$1.85M
$1.61M – $2.15M
NOI $129,163 @ 7.0% cap · market cap 5.74%
Second Best
Industrial
$1.52M
$1.33M – $1.77M
NOI $106,369 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$5.92M
$5.18M – $6.91M
NOI $414,397 @ 7.0% cap · market cap 18.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 01742, MA
18,545
Population
6,659
Households
2.8
Avg Household Size
47
Median Age
79%
College-Educated
96%
High-School Grad
24.1 sq mi
ZIP Area
770
Density / Sq Mi
$211,435
Median Household Income
$112,975
Median Earnings
$2,471
Median Rent
$1,139,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Somerville Guardian Moving
- Waddell Moving Company — 868 W Boylston St, Worcester, MA 01606
- Viking Moving Services, Inc. — 55 Domino Dr, Concord, MA 01742
- VODS — 55 Domino Dr, Concord, MA 01742
Frequently Asked Questions
What type of property is this?
Warehouse - 10,000 SF R&D building in Concord, ready for customization.
Where is this warehouse located?
The property is located at 61 Domino Drive Concord, MA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Zoned for Research and Development (R&D) offering versatile business opportunities.; 10,000 sq ft of open space ready for customization** after recent debris removal.; Prime location in Concord, MA at the end of a cul‑de‑sac with ample parking.
