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    334 Pleasant St Belmont, MA 02478

    Sponsored
    For Sale
    Contact for pricing

    Multi-tenant flex space, 100% occupied, strong NOI.

    Property size:
    11,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 11,500 square foot multi-tenant flex space located at 334 Pleasant Street in Belmont, Massachusetts. The property, classified as Class C, boasts a 0.47% cap rate and a substantial net operating income (NOI) of $195,776.23. Currently 100% occupied across four units, this two-story building offers a stable income stream with multiple short-term leases, presenting an excellent opportunity for both owner-users and investors. Built in 1980, the property sits on a 0.33-acre lot and includes 15 parking spaces. Its convenient location just off Route 2 provides easy access to major transportation arteries. The property's flexible space is ideal for a variety of uses, making it a highly desirable asset in the competitive Belmont market. The building's strong occupancy rate and positive cash flow make it an attractive investment prospect with significant potential for future growth. Detailed financial statements are available upon request. This is a rare opportunity to acquire a well-maintained, multi-tenant property in a prime location.

    Property Features for 334 Pleasant St

    General Information

    Property type
    Flex space
    Square Feet
    11,500 SF
    Class
    C
    Lot Size
    14,375 SF

    Building Details

    Year Built
    1980
    Stories
    2
    Units
    4

    HighLights

    • Short‑term leases offer strong user or investor appeal.
    • Fully leased multi‑tenant building.
    • Convenient Route 2 location.
    • Multiple short‑term leases present a compelling user or investment opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Polzella Colin Dental Clinic Paul Callahan Dental ... Dental Laboratory Loud Dope Recording ... Recording Studio Restoration Project Nonprofit ... Thrift Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Belmont
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1658271
    Latitude
    42.4039382

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    FAQs

    What type of property is this?
    Flex space - Multi-tenant flex space, 100% occupied, strong NOI.
    Where is this flex space located?
    The property is located at 334 Pleasant St Belmont, MA.
    What are key features of this property?
    This property features: Short-term leases offer strong user or investor appeal.; Fully leased multi-tenant building.; Convenient Route 2 location.
    Request Owner's contact information
    334 Pleasant St Belmont, MA 02478
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    Realmo Value Estimation

    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.

    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.

    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
    334 Pleasant St Belmont, MA 02478
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