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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Retail space
113 Commonwealth Ave, Concord, MA 01742-2989
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US38-1687428
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2013
Construction
FRAME
Total area
3,488 SF
Lot
0.17 ac (7,273 SF)
Zoning code
L
APN
CONC M:9D B:2218
UPID
US38-1687428
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
by Request
CAP Approach
CAP
$770k
Comparable Approach
Comparable
$512k
Blend (final)
Blend
$740k
Owner & transaction history
113 Comm Ave LLC · 13 yrs held
113 Comm Ave LLC
since 2012
6 recorded transactions
Zoning & alternative use
L · Concord, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$980,000
+4.4%
Neighborhood: shopping center
$965,000
+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
by Request
CAP Approach
CAP Return
Estimation
6%
$835,000
6.5%
$770,000
7%
$715,000
Alternative Use
Use
Estimation
RETAIL STORES
$940,000
Current use
AUTO REPAIR, GARAGE
$980,000
Change: +4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$965,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$900,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$740k
Range $666k – $814k · ±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
$212 / 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
$17,296
Tax year 2024
Assessed value
$1,413,100
Assessed 2024
Previous assessed
$1,413,100
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$671,600
Assessed improvement
$741,500
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
2013
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Bathrooms
2
Total area
3,488 SF
Lot
0.17 ac (7,273 SF)
Zoning code
L
APN
CONC M:9D B:2218
UPID
US38-1687428
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
$940,000
AUTO REPAIR, GARAGE
Est. value
$980,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$965,000
COMMERCIAL (GENERAL)
Est. value
$900,000
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
2013
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Bathrooms
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
113 Comm Ave LLC
Entity
Mailing address
131 MONUMENT ST, CONCORD, MA 01742-1839
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2013
—
113 Comm Ave LLC
—
Deed Of Trust
related
$1,200,000 · East Boston Savings Bank
Nov 2, 2012
$850,000
113 Comm Ave LLC
A Blasi Concord RT
Grant Deed
—
Mar 17, 2010
—
Blasi,antonio Tr
—
Deed Of Trust
related
$600,000 · Cambridge Savings Bank
Jul 2, 2009
—
Antonio Blasi
—
Deed Of Trust
related
$325,000 · Gloria Ann Caplan
Mar 23, 1989
—
Antonio Blasi
—
Deed Of Trust
related
$240,000 · Middlesex Savings Bank
Nov 16, 1987
—
Antonio Blasi
—
Deed Of Trust
related
$199,000 · Bankboston Development Co LLC
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.
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