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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Commercial real estate
290 Baker Ave B111, Concord, MA 01742-2189
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-0428807
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
1984
Total area
2,732 SF
Lot
4.08 ac (177,725 SF)
Zoning code
L
APN
CONC M:9E B:3794 L:B111
UPID
US38-0428807
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
$730k
CAP Approach
CAP
$695k
Comparable Approach
Comparable
$773k
Blend (final)
Blend
$730k
Owner & transaction history
Sahani Realty LLC · 2 yrs held
Sahani Realty LLC
since 2024
Last sale
$730,000
7 recorded transactions
Zoning & alternative use
L · Concord, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+53.9%
Auto repair, garage
$770,000
+8.9%
Neighborhood: shopping center
$755,000
+7.2%
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
$730,000
ML approach
$730,000
CAP Approach
CAP Return
Estimation
6%
$750,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$705,000
Current use
OFFICE BUILDING
$1,085,000
Change: +54% · Conversion: Easy
AUTO REPAIR, GARAGE
$770,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$755,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$735,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$730k
Range $657k – $803k · ±10% · vs last sale $730k (Mar 4 2024)
Last sale anchor
$730k
Mar 4 2024
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
$267 / 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
$9,715
Tax year 2024
Assessed value
$793,700
Assessed 2024
Previous assessed
$793,700
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed improvement
$793,700
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
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Year built
1984
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Bathrooms
2
Total area
2,732 SF
Lot
4.08 ac (177,725 SF)
Zoning code
L
APN
CONC M:9E B:3794 L:B111
UPID
US38-0428807
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
COMMERCIAL (GENERAL) Current
Est. value
$705,000
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$770,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$755,000
RETAIL STORES
Est. value
$735,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1984
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Bathrooms
2
Lot
4.08 ac
Current owner
From public records · entity-resolved
Sahani Realty LLC
Entity
Mailing address
290 BAKER AVEB111, CONCORD, MA 01742-2189
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2024
$730,000
Sahani Realty LLC
Heritage Rlty Leasing LLC
Quit Claim Arm's Length For Ne States
$547,500 · Salem Five Cents Savings Bank
Apr 22, 2013
—
Heritage Rlty Leasing LLC
—
Deed Of Trust
related
$430,000 · East Boston Savings Bank
Jun 30, 2009
—
Heritage Realty Lease LLC
—
Deed Of Trust
related
$439,000 · East Boston Savings Bank
Jan 13, 2005
$1
Heritage Rlty Leasing LLC
Physical Therapy Assoc
Grant Deed
—
Mar 7, 2002
—
Physical Therapy Assoc
—
Deed Of Trust
related
$300,000 · Citizens Bank Of Ma
May 18, 1994
—
Physical Therapy Assoc
—
Deed Of Trust
related
$349,294 · Bankboston Development Co LLC
Sep 17, 1991
—
Physical Therapy Assoc
—
Deed Of Trust
related
$441,000 · Bankboston Development Co LLC
Aug 2, 1988
—
Physical Therapy Assoc
—
Deed Of Trust
related
$50,000 · Bankboston Development Co LLC
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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