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Property profile & analytics
OFF-MARKET
Estimated value
$1,860,000
Retail properties & Spaces
119 Commonwealth Ave, Concord, MA 01742-2903
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1402830
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,000 SF
Lot
0.34 ac (15,000 SF)
Zoning code
L
APN
CONC M:9D B:2219
UPID
US38-1402830
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
$1.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.86M
Owner & transaction history
Lawless Holdings LLC · 4 yrs held
Lawless Holdings LLC
since 2022
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
L · Concord, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+47.5%
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
$1,695,000
ML approach
$1,795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,195,000
Change: +48% · Conversion: Easy
Blend value · Realmo final
$1.86M
Range $1.67M – $2.05M · ±10% · vs last sale $1.98M (Jul 1 2022)
Last sale anchor
$1.98M
Jul 1 2022
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
$620 / 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
$9,275
Tax year 2024
Assessed value
$757,800
Assessed 2024
Previous assessed
$757,800
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$495,200
Assessed improvement
$262,600
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
3,000 SF
Lot
0.34 ac (15,000 SF)
Zoning code
L
APN
CONC M:9D B:2219
UPID
US38-1402830
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
OFFICE BUILDING
Est. value
$1.2M
OFFICE BUILDING
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
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Lawless Holdings LLC
Entity
Mailing address
14 MAPLEWOOD CIR, CONCORD, MA 01742-4620
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2022
$1,975,000
Lawless Holdings LLC
Bradford Street LLC
Quit Claim Arm's Length For Ne States
$987,500 · Northern Bank & Trust Co
Jul 1, 2022
—
Lawless Holdings LLC
—
Deed
related
$814,000 · Granite State Economic Development Corp
Jan 27, 2017
—
Bradford Street LLC
—
Deed
related
$1,237,500 · Workers Cu
Dec 20, 2016
$1,650,000
Bradford Street LLC
Lebaron Trust
Quit Claim Deed
—
Jul 6, 2012
$1
T Lebaron
Concord Town Of
Grant Deed
—
Nov 9, 2011
—
T Lebaron
—
Deed Of Trust
related
$1 · Boynton Company INC
Sep 26, 2003
—
T Lebaron
—
Deed Of Trust
related
$2,400,000 · Framingham Cp Bank
May 25, 1990
—
T Lebaron
—
Deed Of Trust
related
$400,000 · Gary Needham
Jun 1, 1989
—
T Lebaron
—
Deed Of Trust
related
$878,800 · Zwi Kohorn
—
—
Bradford Street LLC
—
Deed Of Trust
related
$1,237,500 · Workers Cu
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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