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    161 Belmont St, Unit 1 Belmont, MA 02478
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    Property profile & analytics

    161 Belmont St, Unit 1 Belmont, MA 02478

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    • Investment properties
    • 1,844 SF
    • 0.10 lot acres
    For Lease
    $2,000/Mo
    View Listing →
    Office Retail Space For Rent For Lease
    $2,000/Mo
    710 SF

    Office Retail Space For Rent

    Office retail space for rent in prime Belmont location.

    161 Belmont St #1, Belmont, MA 2478
    View Listing
    Property ID
    US38-0981789
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Bayisetty Prathima, DMD / Dental Office

    Property Details for 161 Belmont St

    Year built
    1904
    Construction
    FRAME
    Lot size
    0.10 lot acres
    Property size
    1,844 SF
    Zone code
    LB3
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    BELM M:01 P:000040 S:
    APU
    BELMM01P000040S

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Belmont
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1567
    Latitude
    42.3759
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $12,408
    $979,000
    $196,000
    $1,175,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      2,095 SF

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    • Value Estimation
      $790,000
      4,798 SF

      628 Trapelo Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,798 SF
      628 Trapelo Rd, Belmont, MA 02478-1405
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    • Value Estimation
      $560,000
      2,761 SF

      209 Belmont St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,761 SF
      209 Belmont St, Belmont, MA 02478-3605
      View Details
    • Value Estimation by Request
      2,398 SF

      16-18 Brighton St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,398 SF
      16-18 Brighton St, Belmont, MA 02478
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    • Value Estimation
      $580,000
      2,640 SF

      16-18 Channing Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,640 SF
      16-18 Channing Rd, Belmont, MA 02478
      View Details
    • Value Estimation by Request
      2,420 SF

      64-66 Trapelo Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,420 SF
      64-66 Trapelo Rd, Belmont, MA 02478
      View Details

    Similar Nearby for Sale

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      3,392 SF

      Retail Investment Opportunity in Belmont

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      11,500 SF

      11,500 SF Flex/Retail Building

      Flex/Retail building with 11,500 SF on 0.33 AC for sale.
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      Belmont Mixed-Use Investment Opportunity

      1840 SF building with mixed-use potential in Belmont, MA.
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    • $995,000

      Belmont Mixed-Use Investment Opportunity

      Versatile 1,840 SF building in Belmont, MA with mixed-use potential.
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      Belmont Office/Medical Investment Opportunity

      1,840 SF building with 8 units in Belmont, MA.
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      Belmont Office Building For Sale

      4174 SF office building in Belmont near Cushing Square.
      44 Trapelo Rd, Belmont, MA 02478
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    Similar Nearby for Lease

    • Contact for pricing
      3,200 SF

      Live-Work-Play Community Retail Space

      Mixed-use community with retail and luxury residential units for rent.
      525 Common St, Belmont, MA 02478
      View Details
    • $2,100 /Mo

      Retail/Office Space Available

      Retail or office space available for rent starting April 1st.
      697 Belmont St, Belmont, MA 02478
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    • Contact for pricing

      Freestanding Restaurant with Drive-Thru

      Freestanding restaurant with drive-thru in downtown Belmont.
      72 Leonard St, Belmont, MA 02478
      View Details
    • $1,900 /Mo

      Retail/Office Space on Trapelo Road

      Retail or office space with high visibility and traffic.
      386 A Trapelo Rd, Belmont, MA 02478
      View Details
    • Contact for pricing

      Professional Office Space For Rent

      Professional office space featuring reception and two private offices.
      68 Leonard St, Belmont, MA 02478
      View Details
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      Cambridge/Watertown Border Retail/Office Space

      Office/retail space with high visibility and foot traffic.
      161 Belmont St, Belmont, MA 02478
      View Details
    View Listing
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    Belmont, MA 02478
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    161 Belmont St, Belmont, MA, 02478
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