Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Strip in West Concord Title is generated by Realmo AI

    135 Commonwealth Ave, Concord, MA 01742

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Multi-tenant retail strip with office space in Concord, MA.

    Type:Retail
    Property size:
    11,804 SF
    Added:
    Jul 3, 2020
    Days on Market:
    2164
    Last Refresh:
    May 19 at 10:22 pm

    Property Features for 135 Commonwealth Ave

    General Information

    Standard status
    Active
    Size
    11,804 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1915

    Spaces For Lease

    at 135 Commonwealth Ave Contact us

    We can help!

    Listing Contact
    Travis Ginsberg
    Travis Ginsberg

    Listing agent Travis Ginsberg License #MA 074499

    Listing office Summit Realty Partners

    Listing date Jul 3, 2020

    Source Crexi

    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 Summit Realty Partners

    HighLights

    • High traffic location: 10,381+\/- cars per day on Commonwealth Avenue
    • Convenient access: Located off of US Route 2
    • Multi‑tenant retail strip with retail and office space
    • Sizeable property: 11,804 +\/- square feet
    • Established tenant mix: Includes LoveCare Pet Grooming and Minuteman Automotive
    • Strong neighboring retailers: Orange theory Fitness, Nashoba Brook Bakery, Pet Source, Dunkin Donuts and more

    Overview

    The property at 135 Commonwealth Ave is an 11,804 +/- square foot multi-tenant retail strip located in West Concord, MA, featuring both retail and office space. The location benefits from traffic of 10,381+/- cars per day on Commonwealth Avenue and convenient access to US Route 2. Current tenants include LoveCare Pet Grooming and Minuteman Automotive. Neighboring retailers include Orange theory Fitness, Nashoba Brook Bakery, Pet Source, and Dunkin Donuts. This retail opportunity is suitable for a retailer seeking to establish a business in Concord, MA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3969956
    Latitude
    42.4576393

    Nearby Similar for Lease

    • $129-$5,246/Mo
      11-1,292 SF

      Concord Meadows

      300 Baker Ave, Unit 300, Concord, MA 01742
      View Details
    • $670/Mo
      345 SF

      Concord Center Office Space

      Office space in Concord center, convenient location.
      191 Sudbury Road #28, Concord, MA 01742
      View Details
    • $20 SF/Yr
      646 SF

      Concord Office Suite For Rent

      Corner office suite in desirable Concord commercial area for rent.
      1624 Sudbury Road #5, Concord, MA 01742
      View Details
    • $22 SF/Yr
      935 SF

      Concord Office Space Available

      Versatile office space in a desirable Concord location.
      1624 Sudbury Road #6, Concord, MA 01742
      View Details
    • $2,995,000 SF/Yr
      4,956 SF

      Colonial Home with Conservation Views

      Spacious 5+ bedroom home on 1.01 acres near Concord Center.
      1172 Lowell Rd, Concord, MA 01742
      View Details
    • $36 SF/Yr

      Restaurant Opportunity in High-Traffic Location

      Freestanding brick building in Concord with high visibility and traffic.
      208 Fitchburg Turnpike, Concord, MA 01742
      View Details
    • $13 SF/Yr

      High-Traffic Retail Space in Concord

      Bright, visible retail space in a sought-after commercial area.
      1641 Sudbury Rd, Concord, MA 01742
      View Details
    • Contact for pricing
      1,885 SF

      Concord Office Space Available

      Office space for lease in Concord, Massachusetts.
      555 Virginia Rd, Concord, MA 01742
      View Details
    • Contact for pricing
      6,293 SF

      Concord Office Space Available

      Office space available for lease in Concord, Massachusetts.
      561 Virginia Rd, Concord, MA 01742
      View Details
    • Contact for pricing
      20,000 SF

      Concord Office Space for Lease

      20,000 SF office space available at 530 Virginia Rd.
      530 Virginia Rd, Concord, MA, 01742, Concord, MA 01742
      View Details
    • Contact for pricing
      5,000 SF

      Mixed-Use Retail Space Remaining

      A final 5,000 SF leasing opportunity in a newly completed Route 2 development anchored by QSR and banking tenants.
      768 Elm St, Concord, MA 01742
      View Details
    • $35 SF/Yr
      1,487 SF

      Concord Office Space Available

      Office space for lease in Concord, Massachusetts, 1487 square feet.
      29 Main St, Concord, MA
      View Details

    FAQs

    What type of property is this?
    Strip mall - Multi-tenant retail strip with office space in Concord, MA.
    Where is this strip mall located?
    The property is located at 135 Commonwealth Ave Concord, MA.
    What are key features of this property?
    This property features: High traffic location: 10,381+\/- cars per day on Commonwealth Avenue; Convenient access: Located off of US Route 2; Multi‑tenant retail strip with retail and office space
    (781) 361-9025 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Travis Ginsberg
    Travis Ginsberg
    Real Estate License ID: MA 074499
    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
    135 Commonwealth Ave, Concord, MA 01742
    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!