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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3 Old Concord Rd Burlington, MA 01803-5168

    • Retail space
    • 51,043 SF
    • 7.35 lot acres
    OFF-MARKET
    Value Estimations
    $555,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0256561
    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

    • Appliance Repair Burlington MA / Washer & Dryer Repair Service / Appliance Repair Service
    • H Mart Burlington / Asian Grocery Store / Food Court
    • Woojeon II Restaurant / Food Court / Korean Restaurant
    • Pho Ever Chicken / Pho Restaurant
    • Tous les Jours / Bakery

    Property Details for 3 Old Concord Rd

    Year built
    1995
    Construction
    STEEL FRAME
    Lot size
    7.35 lot acres
    Property size
    51,043 SF
    Zone code
    BG
    Property type
    Retail space
    APN
    BURL M:000056 P:000044
    APU
    BURLM000056P000044

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $555,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.209
    Latitude
    42.4727
    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
    $273,767
    $2,831,700
    $7,775,300
    $10,607,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $335,000
      2,080 SF

      114 Cambridge St

      RETAIL STORES (PERSONAL SERVICES) • 2,080 SF
      114 Cambridge St, Burlington, MA 01803-4103
      View Details
    • Value Estimation
      $320,000
      2,215 SF

      209 Cambridge St

      RETAIL STORES (PERSONAL SERVICES) • 2,215 SF
      209 Cambridge St, Burlington, MA 01803-2538
      View Details
    • Value Estimation
      $335,000
      3,889 SF

      35 Chestnut Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,889 SF
      35 Chestnut Ave, Burlington, MA 01803-1613
      View Details
    • Value Estimation
      $605,000
      28,635 SF

      84 Middlesex Tpke

      RETAIL STORES (PERSONAL SERVICES) • 28,635 SF
      84 Middlesex Tpke, Burlington, MA 01803-4935
      View Details
    • Value Estimation
      $105,000
      1,560 SF

      36 Winn St

      RETAIL STORES (PERSONAL SERVICES) • 1,560 SF
      36 Winn St, Burlington, MA 01803-4701
      View Details
    • Value Estimation
      $695,000
      5,842 SF

      382 Cambridge St, Unit 392

      RETAIL STORES (PERSONAL SERVICES) • 5,842 SF
      382 Cambridge St, Burlington, MA 01803-1945
      View Details

    Similar Nearby for Sale

    • $100,000

      Retail Space in Burlington Mall

      Turnkey tailor and dry clean drop off store for sale.
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      10,000 SF

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    • $2,470,000
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      Burlington Retail Property For Sale

      5,780 SF vacant retail property on 0.50 acres.
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    • $3,400,000

      Restaurant/Retail Building For Sale

      Restaurant/retail building with two NNN leases and development potential.
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      0.25 Acres

      Burlington, MA Commercial Land

      Prime 0.25-acre lot, ideal for development.
      95 Terrace Hall Ave, Burlington, MA 01803
      View Details

    Similar Nearby for Lease

    • $5,300 /Mo
      750 SF

      Retail Showroom with Excellent Visibility

      Single-story retail showroom with large display windows and ample parking.
      23 Cambridge St, Burlington, MA 01803
      View Details
    • $1,700 /Mo

      Prime Burlington Commercial Space Available

      Two-level commercial space in Burlington's busiest intersection for rent.
      175 Cambridge St, Burlington, MA 01803
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    • Contact for pricing
      3,007 SF

      Retail Space Near Burlington Mall

      Retail space with high visibility and strong daytime population.
      91 Middlesex Tpke, Burlington, MA 01803
      View Details
    • Contact for pricing
      15,000 SF

      Burlington Retail Space For Rent

      Prime retail space in a high-traffic Burlington location.
      43 Middlesex Tpke, Burlington, MA 01803
      View Details
    • Contact for pricing

      Retail/Medical/Office Space Available

      Retail, medical, or office space for lease in Burlington.
      Burlington, MA 01803
      View Details
    • $25 SF/Yr
      8,076 SF

      Retail End-Cap Space Available

      1,576 SF end-cap space for sublease in Burlington, MA.
      157 Bedford St, Burlington, MA 01803
      View Details

    Property Visit Statistics

    • Visits by month
      110.9k
    • Visitors by month
      80.7k
    • Avg Time on site
      39 min
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    3 Old Concord Rd
    Burlington, MA 01803-5168
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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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