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Property profile & analytics
OFF-MARKET
Estimated value
$2,025,000
Office Spaces
24 Walden St Concord, MA 01742-2505
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-1337977
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1906
Total area
3,086 SF
Lot
0.18 ac (7,845 SF)
Zoning code
LB
APN
CONC M:9H B:829 L:24
UPID
US38-1337977
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
$2.09M
CAP Approach
CAP
$1.61M
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$2.03M
Owner & transaction history
Florabella LLC · 6 yrs held
Florabella LLC
since 2020
Last sale
$2.5M
5 recorded transactions
Zoning & alternative use
LB · Concord, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,070,000
ML approach
$2,085,000
CAP Approach
CAP Return
Estimation
6%
$1,740,000
6.5%
$1,605,000
7%
$1,490,000
Blend value · Realmo final
$2.03M
Range $1.82M – $2.23M · ±10% · vs last sale $2.45M (Jan 31 2020)
Last sale anchor
$2.45M
Jan 31 2020
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
$656 / 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
$9,431
Tax year 2024
Assessed value
$770,500
Assessed 2024
Previous assessed
$770,500
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed improvement
$770,500
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1906
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Bathrooms
3
Total area
3,086 SF
Lot
0.18 ac (7,845 SF)
Zoning code
LB
APN
CONC M:9H B:829 L:24
UPID
US38-1337977
Jurisdiction
CONCORD
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
LB · Concord, MA
Zoning LB · permitted uses
LB · 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.
Building & site characteristics
From public records
Year built
1906
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
3
Lot
0.18 ac
Current owner
From public records · entity-resolved
Florabella LLC
Entity
Mailing address
263 BELMONT ST, BELMONT, MA 02478-3749
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2024
—
Florabella LLC
—
Deed
related
$1,036,000 · Cambridge Savings Bank
Jan 31, 2020
$2,450,000
Florabella LLC
Florabella LLC
Condominium Deed
$1,225,000 · Cambridge Savings Bank
Jan 31, 2020
—
Fiorellamore LLC
—
Deed
related
$980,000 · Cambridge Savings Bank
Nov 19, 2003
$1,600,000
Concord Firehouse LLC
Concord Firehouse LP
Grant Deed
related
—
Feb 9, 2001
—
Concord Fire House LP
—
Deed Of Trust
related
$2,100,000 · Middlesex 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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