New search
Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Retail space
101 Commonwealth Ave, Concord, MA 01742-2903
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US38-0999411
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1800
Construction
FRAME
Total area
2,851 SF
Lot
0.12 ac (5,235 SF)
Zoning code
L
APN
CONC M:9D B:2215
UPID
US38-0999411
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$380k
CAP Approach
CAP
$630k
Comparable Approach
Comparable
$356k
Blend (final)
Blend
$570k
Owner & transaction history
Wes Realty LLC · 21 yrs held
Wes Realty LLC
since 2005
7 recorded transactions
Zoning & alternative use
L · Concord, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$800,000
+4.4%
Neighborhood: shopping center
$790,000
+2.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Concord submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Concord submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$380,000
CAP Approach
CAP Return
Estimation
6%
$685,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
RETAIL STORES
$770,000
Current use
AUTO REPAIR, GARAGE
$800,000
Change: +4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$790,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$735,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$570k
Range $513k – $627k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$200 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$12,033
Tax year 2024
Assessed value
$983,100
Assessed 2024
Previous assessed
$983,100
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$653,600
Assessed improvement
$329,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1800
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
2
Bathrooms
6
Total area
2,851 SF
Lot
0.12 ac (5,235 SF)
Zoning code
L
APN
CONC M:9D B:2215
UPID
US38-0999411
Jurisdiction
CONCORD
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
L · Concord, MA
Zoning L · permitted uses
L · Concord, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Concord. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$770,000
AUTO REPAIR, GARAGE
Est. value
$800,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$790,000
COMMERCIAL (GENERAL)
Est. value
$735,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1800
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
2
Bathrooms
6
Lot
0.12 ac
Current owner
From public records · entity-resolved
Wes Realty LLC
Entity
Mailing address
101 COMMONWEALTH AVE, CONCORD, MA 01742-2903
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2023
—
Wes Realty LLC
—
Deed
related
$100,000 · Avidia Bank
Aug 28, 2020
—
Wes Rlty LLC
—
Deed
related
$1,200,000 · Avidia Bank
Feb 6, 2014
—
Wes Realty LLC
—
Grant Deed
related
$1,000,000 · Salem Five Cents Svgs Bk
Apr 27, 2005
$725,000
Wes Realty LLC
101 Commonwealth LLC
Grant Deed
$996,000 · Reading Cp Bank
Mar 25, 2003
—
Martha Demerjian
—
Deed Of Trust
related
$200,000 · Community National Bank
Mar 27, 2001
$610,000
101 Commonwealth LLC
Bldg Exchange Co
Grant Deed
$384,000 · Community Bank NA
Feb 23, 2001
$610,000
Building Exchange Co
Demerjian,martha
Grant Deed
$610,000 · Zenon Grzybowski
Jun 14, 1988
$417,900
Martha Demerjian
Tri-con Properties
Grant Deed
$50,000 · Zwi Kohorn
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 101 Commonwealth Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
