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    Property profile & analytics

    200 Baker Ave Concord, MA 01742

    • Office buildings
    • 60,399 SF
    • 4.25 lot acres
    For Lease
    View listing
    $22 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1773021
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 200 Baker Ave

    Year built
    1972
    Construction
    CONCRETE
    Lot size
    4.25 lot acres
    Property size
    60,399 SF
    Zone code
    L
    Property type
    Office buildings
    APN
    CONC M:9E B:3796 L:3
    APU
    CONCM9EB3796L3

    Description

    This exceptional three-story medical office building, located at 200 Baker Ave in Concord, Massachusetts, offers a total of 52,281 square feet of space. Currently, there are three suites available, ranging from a minimum of 1,043 square feet to a maximum contiguous space of 2,887 square feet, totaling 6,770 square feet of vacant space. The building features a multi-tenant configuration, ideal for a variety of medical practices. The property boasts ample parking, with a ratio of 3.03 spaces per 1,000 square feet. Power is provided by a robust 480-277, 3-Phase – 4 Wire system, ensuring reliable service for medical equipment. Situated in Middlesex County, with a convenient Concord address and zip code 01742, this property offers easy access for patients and staff. The building's location provides excellent visibility and accessibility, making it an attractive option for medical professionals seeking a well-established presence in a thriving community. This is a rare opportunity to secure high-quality medical office space in a desirable location. The building's modern infrastructure and ample parking make it an ideal choice for medical practices of all sizes. Contact us today to learn more about leasing opportunities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,999,000
      Market price range: $4.03M - $15.1M

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.385
    Latitude
    42.46
    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
    $85,066
    $2,580,100
    $4,369,700
    $6,949,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,080,000
      15,694 SF

      83 Main St

      OFFICE BUILDING • 15,694 SF
      83 Main St, Concord, MA 01742-2503
      View Details
    • Value Estimation
      $2,310,000
      7,920 SF

      1826 Main St

      OFFICE BUILDING • 7,920 SF
      1826 Main St, Concord, MA 01742
      View Details
    • Value Estimation
      $13,320,000
      61,355 SF

      561 Virginia Rd

      OFFICE BUILDING • 61,355 SF
      561 Virginia Rd, Concord, MA 01742-2767
      View Details
    • Value Estimation by Request
      0.56 Acres

      105 Keyes Rd

      OFFICE BUILDING • 0.56 Acres
      105 Keyes Rd, Concord, MA 01742-1601
      View Details
    • Value Estimation
      $17,500,000
      43,788 SF

      54 Baker Ave

      OFFICE BUILDING • 43,788 SF
      54 Baker Ave, Concord, MA 01742-2203
      View Details
    • Value Estimation
      $4,865,000
      18,210 SF

      100 Main St

      OFFICE BUILDING • 18,210 SF
      100 Main St, Concord, MA 01742-2528
      View Details

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    • $84 SF/Yr
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      Concord Meadows Office Suites

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      View Details
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    200 Baker Ave
    Concord, MA 01742
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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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