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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Retail space
143-145 Belmont St Belmont, MA 02478
Individually Owned
22-yr Hold
Free & Clear
Property ID
US38-0496564
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
3,035 SF
Lot
0.13 ac (5,551 SF)
Zoning code
LB3
APN
BELM M:01 P:000039 S:A
UPID
US38-0496564
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
$360k
CAP Approach
CAP
$670k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
Bedros Der Vartanian · 22 yrs held
Bedros Der Vartanian
since 2003
3 recorded transactions
Zoning & alternative use
LB3 · Belmont, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$855,000
+4.4%
Neighborhood: shopping center
$840,000
+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 Belmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belmont 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
$360,000
CAP Approach
CAP Return
Estimation
6%
$725,000
6.5%
$670,000
7%
$625,000
Alternative Use
Use
Estimation
RETAIL STORES
$820,000
Current use
AUTO REPAIR, GARAGE
$855,000
Change: +4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$840,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$785,000
Change: -4% · Conversion: Easy
OFFICE BUILDING
$665,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$175 / 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
$11,299
Tax year 2024
Assessed value
$1,070,000
Assessed 2024
Previous assessed
$952,000
+12.4% YoY
Effective rate
1.06%
On assessed value
Assessed land
$809,000
Assessed improvement
$261,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Heating
GAS
Buildings
1
Stories
1
Total area
3,035 SF
Lot
0.13 ac (5,551 SF)
Zoning code
LB3
APN
BELM M:01 P:000039 S:A
UPID
US38-0496564
Jurisdiction
BELMONT
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
LB3 · Belmont, MA
Zoning LB3 · permitted uses
LB3 · Belmont, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Belmont. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$820,000
AUTO REPAIR, GARAGE
Est. value
$855,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$840,000
COMMERCIAL (GENERAL)
Est. value
$785,000
OFFICE BUILDING
Est. value
$665,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
Heating
GAS
Stories
1
Buildings
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Bedros Der Vartanian
Individual
Free & Clear · 22 yrs held
Mailing address
45 LAWNDALE ST, BELMONT, MA 02478-3451
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2003
$1
Bedros Der Vartanian
Vartanian,garabed Est Der
Grant Deed
related
—
Apr 24, 2003
$1
Marjorie Galgay
Galgay,james E
Grant Deed
related
—
Jun 19, 1992
—
Bedros Dervartanian
—
Deed Of Trust
related
$200,000 · Belmont Savings Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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