Renovated First-Floor Office
98 Park Ave, Belmont, MA 02478
For Sale
Contact for pricing
Street-level professional office space with Route 2 access and convenient parking along the building frontage.
Property Size730 SF
Price / SF$1.85
Days on Market55
Property Features for 98 Park Ave
General Information
Standard status
Size
Additional Details
Floor
Building Details
Year Built
Listing Agency:
Lamacchia Realty, Inc.
(781) 786-8080
Listed By:
Suzanna Krmzian · License #449589928
(781) 266-6864
Source:
Lockandkeyre
Added: Sep 16
Changed: Nov 8
Last Checked: Nov 8 at 5:52AM
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 Lamacchia Realty, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This approximately 730-square-foot office unit occupies the first floor of a 1920 building and has been recently renovated. The street-level layout is positioned for professional office use, with heat and hot water included. Electricity is separately paid by the occupant, who also handles trash and recycling removal.
The property is located at 98 Park Ave in Belmont, directly off Route 2, with access toward Arlington, Cambridge, and Boston. Street parking is available in front of the building. The space is identified as available December 1.
The property is located at 98 Park Ave in Belmont, directly off Route 2, with access toward Arlington, Cambridge, and Boston. Street parking is available in front of the building. The space is identified as available December 1.
Key Highlights
- Approximately 730 SF of first‑floor office space
- Recently renovated professional office unit
- Street‑level position at 98 Park Ave, Belmont
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,163
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,260
$463.3K
Cap Rate 7%
$330,900
$330.9K
Cap Rate 9%
$257,367
$257.4K
Market Conditions
NOI Build-Up for 730 SF
Gross rent
$39.6K $54.24/SF
− Vacancy
−$8.7K −$11.93/SF
EGI
$30.9K $42.31/SF
− OpEx
−$7.7K −$10.58/SF
NOI
$23.2K $31.73/SF
Area
Middlesex County, MA
Vacancy
22.00%
Lease Rate
$54.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,260
Cap Rate 7%
$330,900
Cap Rate 9%
$257,367
Alternative Uses
Best Use
Office B
$330.9K
$289.5K – $386.1K
NOI $23,163 @ 7.0% cap · market cap 1,715.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$432.2K
$378.1K – $504.2K
NOI $30,251 @ 7.0% cap · market cap 2,240.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
Explore this area
Business Placement
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
$1,108,800
Median Home Value
Market
Average Price Trend$/SF for Office Units in Middlesex County, MA
Properties on Market for Office Units in Middlesex County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Street-level professional office space with Route 2 access and convenient parking along the building frontage.
Where is this office unit located?
The property is located at 98 Park Ave Belmont, MA.
What are key features of this property?
This property features: Approximately 730 SF of first‑floor office space; Recently renovated professional office unit; Street‑level position at 98 Park Ave, Belmont
