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Property profile & analytics
OFF-MARKET
Retail space
31 Leonard St 37, Belmont, MA 02478-2526
Entity Owned
3-yr Hold
Free & Clear
Property ID
US38-1499697
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Lot
0.1 ac (4,333 SF)
Zoning code
LB1
APN
BELM M:34 P:000138 S:
UPID
US38-1499697
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
Current use
Occupant on record · Public records
-
Irresistibles Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
31-37 Leonard Street LLC · 3 yrs held
31-37 Leonard Street LLC
since 2023
6 recorded transactions
Zoning & alternative use
LB1 · Belmont, 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 Belmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belmont 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$20,138
Tax year 2024
Assessed value
$1,907,000
Assessed 2024
Previous assessed
$1,897,000
+0.5% YoY
Effective rate
1.06%
On assessed value
Assessed land
$1,286,000
Assessed improvement
$621,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
GAS
Buildings
1
Lot
0.1 ac (4,333 SF)
Zoning code
LB1
APN
BELM M:34 P:000138 S:
UPID
US38-1499697
Jurisdiction
BELMONT
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
LB1 · Belmont, MA
Zoning LB1 · permitted uses
LB1 · Belmont, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Belmont. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
GAS
Buildings
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
31-37 Leonard Street LLC
Entity
Free & Clear · 3 yrs held
Mailing address
375 CONCORD AVE STE 02, BELMONT, MA 02478-3045
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2023
—
31-37 Leonard Street LLC
Tellier RT
Deed
—
Jul 24, 2012
—
RT Tellier
—
Deed Of Trust
related
$1,155,000 · Hingham Institute For Savings
Jun 23, 2010
—
RT Tellier
—
Deed Of Trust
related
$960,000 · Hingham Institute For Savings
Mar 7, 2002
—
RT Tellier
—
Deed Of Trust
related
$1,274,000 · Stoneham Savings Bank
Oct 29, 1991
—
RT Tellier
—
Deed Of Trust
related
$50,000 · Cambridge Savings Bank
Dec 4, 1990
—
RT Tellier
—
Deed Of Trust
related
$590,000 · Cambridge 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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