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    300 Baker Ave, Unit 300 Concord, MA 01742
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    Property profile & analytics

    300 Baker Ave, Unit 300, Concord, MA 01742

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    • Office buildings
    • 417,293 SF
    • 64.97 lot acres
    For Lease
    $129-$5,246/Mo
    View Listing →
    Concord Meadows For Lease
    $129-$5,246/Mo

    Concord Meadows

    Discover many ways to work your way in Concord Meadows

    300 Baker Ave, Unit 300, Concord, MA 01742
    View Listing
    Property ID
    US38-1211907
    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
    $69,480,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 300 Baker Ave

    Year built
    1957
    Construction
    STEEL FRAME
    Lot size
    64.97 lot acres
    Zone code
    I
    Property type
    Office buildings
    APN
    CONC M:9E B:3794 L:1
    APU
    CONCM9EB3794L1

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 15, 2020 $74,500,000 Cd 211 Prop LLC 300 Baker Owner LLC Quit Claim Deed $56.3M · Metlife R/e Lndg LLC
    Dec 23, 2016 $64,500,000 300 Baker Owner LLC Normandy 300 Baker LLC Quit Claim Deed · related $42M · East Boston Savings Bank
    Aug 27, 2013 — Normandy 300 Baker LLC Normandy Concord Acquisit Quit Claim Deed · related $49k · Worth Funding INC
    Feb 22, 2012 $1 Normandy Concord Bts LLC Normandy Concord Acq LLC Grant Deed · related —
    Feb 22, 2012 — Normandy Concord Bts LLC — Grant Deed · related $13M · Cambridge Savings Bank
    Jul 29, 2010 — Normandy Concord Acq LLC — Deed Of Trust · related $31M · Capital One
    Dec 14, 2006 $65,000,000 Normandy Conc Acquisit 300 Baker LLC Deed $10M · Barclays Cap Re INC
    Nov 2, 2004 — 300 Baker LLC — Deed Of Trust · related $30M · Wells Fargo Mortgage
    Oct 1, 2004 $42,575,000 300 Baker LLC Metropolitan Life Ins Co Grant Deed —
    Oct 1, 1999 $47,750,000 Life Ins Metropolitan 300 Baker Ave Assocs Grant Deed —
    Nov 24, 1998 — 300 Baker Ave Assoc LP — Deed Of Trust · related $30M · Pnc Bank
    Dec 16, 1996 $6,250,000 300 Baker Ave Assoc LP Genrad INC Grant Deed —
    Aug 17, 1994 — William F Mulcahy JR. — Deed Of Trust · related $8k · Youville Hospital Employee FCU
    Jun 25, 1992 — Genrad INC — Deed Of Trust · related $12k · Zuckerman Family Nomi

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $49,661,000
      Market price range: $27.9M - $104M

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3905
    Latitude
    42.4611
    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
    $844,915
    $19,720,800
    $49,308,200
    $69,029,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,255,000
      60,399 SF

      200 Baker Ave

      OFFICE BUILDING
      200 Baker Ave, Concord, MA 01742-2125
      View Details
    • Value Estimation
      $4,080,000
      15,694 SF

      83 Main St

      OFFICE BUILDING
      83 Main St, Concord, MA 01742-2503
      View Details
    • Value Estimation
      $3,205,000
      14,016 SF

      191 Sudbury Rd

      OFFICE BUILDING
      191 Sudbury Rd, Concord, MA 01742-3467
      View Details
    • Value Estimation
      $9,720,000
      44,380 SF

      555 Virginia Rd

      OFFICE BUILDING
      555 Virginia Rd, Concord, MA 01742-2770
      View Details
    • Value Estimation
      $620,000
      1,026 SF

      90 Belknap St

      OFFICE BUILDING
      90 Belknap St, Concord, MA 01742-2302
      View Details
    • Value Estimation
      $680,000
      1,856 SF

      175 Sudbury Rd

      OFFICE BUILDING
      175 Sudbury Rd, Concord, MA 01742-3419
      View Details

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      Retail/Commercial Space in West Concord

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      34,800 SF

      34,800 SF Flex Building

      34,800 SF flex building on 5.33 acres.
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      Two-Story Retail with Office Suites

      First-floor showroom with six second-floor offices, plus storage and separate lower-level access from a rear parking area.
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      3,119 SF

      Suburban Office Space Available

      413,415 SF building near Route 2A, Interstate 95 and 495.
      300-310 Baker Ave, Concord, MA 01742
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      20,000 SF

      Concord Office Space for Lease

      20,000 SF office space available at 530 Virginia Rd.
      530 Virginia Rd, Concord, MA 01742
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      Modern Concord Office Building

      Three-story office building with convenient access to transportation.
      200 Baker Ave, Concord, MA 01742
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      10,119 SF

      Concord Office Building with Fitness Center

      Three-story office building with recent renovations and on-site fitness center.
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      Suburban Office Building Near Transportation

      413,415 SF building near Route 2A, I-95, and I-495.
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      Professional Office Space in Concord

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    View Listing
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    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.

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