Property profile

11 Old Concord Rd Burlington, MA 01803

OFF-MARKET
Hotels
Property ID
US38-0558419
91,858 SF 5 ac lot Built 1999
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1999
Construction STEEL FRAME
Total area 91,858 SF
Lot 5 ac (217,800 SF)
Zoning code IG
APN BURL M:000056 P:000047
UPID US38-0558419

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Hotel & Motel
  • Hotel & Motel

Location

11 Old Concord Rd Burlington, MA 01803-5116
Burlington metro Census 332402 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.82M
CAP Approach CAP
$9.06M
Comparable Approach Comparable
by Request
Blend (final) Blend
$9.86M

Owner & transaction history

since 2022
Last sale
$11.5M
4 recorded transactions
2024
Price N/A
2022
$11.5M
2003
$14.7M
1999
$3.5M

Zoning & alternative use

IG · Burlington, MA
Zoning description

The Planning Board may grant a Special Permit for a restaurant use within a General Industrial (IG) District, subject to the following restrictions: 10.4.1 Purpose The purpose of allowing restaurants by Special Permit wi…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $13.1M +1,040.2%
Restaurant $10.6M +826.5%
Office building $9.4M +722.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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