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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Investment properties
331 Concord Ave, Lexington, MA 02421-8126
Individually Owned
13-yr Hold
Property ID
US38-1004086
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Total area
2,501 SF
Lot
2.51 ac (109,279 SF)
Zoning code
RO
APN
LEXI M:0010 L:00031B
UPID
US38-1004086
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
-
Cannizzo Brothers Agricultural Supply Garden Center
-
Bob LaMacchia Landscape, Inc. Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$635k
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$830k
Owner & transaction history
Rlr RT · 13 yrs held
Rlr RT
since 2012
7 recorded transactions
Zoning & alternative use
RO · Lexington, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$705,000
+8.9%
Neighborhood: shopping center
$695,000
+7.2%
Retail stores
$675,000
+4.3%
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 Lexington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lexington 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$690,000
6.5%
$635,000
7%
$590,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$645,000
Current use
AUTO REPAIR, GARAGE
$705,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$695,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$675,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$650,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$830k
Range $747k – $913k · ±10%
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
$332 / 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
Assessed value
$1,192,000
Assessed 2024
Previous assessed
$1,097,000
+8.7% YoY
Assessed land
$781,000
Assessed improvement
$411,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1920
Heating
HOT WATER
Buildings
2
Stories
2
Units
2
Rooms
11
Bathrooms
2
Total area
2,501 SF
Lot
2.51 ac (109,279 SF)
Zoning code
RO
APN
LEXI M:0010 L:00031B
UPID
US38-1004086
Jurisdiction
LEXINGTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
RO · Lexington, MA
Zoning RO · permitted uses
RO · Lexington, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lexington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$645,000
AUTO REPAIR, GARAGE
Est. value
$705,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$695,000
RETAIL STORES
Est. value
$675,000
OFFICE BUILDING
Est. value
$650,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
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
1920
Heating
HOT WATER
Stories
2
Buildings
2
Units
2
Rooms
11
Bathrooms
2
Lot
2.51 ac
Current owner
From public records · entity-resolved
Rlr RT
Individual
Mailing address
331 CONCORD AVE, LEXINGTON, MA 02421-8126
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2020
—
Rlr RT
—
Deed
related
$256,000 · Watertown Savings Bank
Sep 14, 2012
$1
Rlr RT
Louis A Cannizzo T
Grant Deed
related
—
Aug 10, 2012
$1
A Cannizzo T Louis
Cannizzo Helen E Est
Grant Deed
—
Apr 9, 2012
—
Ronald Cannizzo
—
Deed Of Trust
related
$285,000 · Watertown Savings Bank
Jun 3, 2010
$1
Ronald Cannizzo
Rlr RT
Grant Deed
—
Oct 28, 2008
$1
Rlr RT
Cannizzo,richard
Grant Deed
—
Oct 15, 2008
—
Richard Cannizzo
—
Deed Of Trust
related
$90,000 · Sovereign Bank
Jun 12, 2008
$1
Richard Cannizzo
Rlr RT
Grant Deed
—
Sep 23, 2005
$1
Rir RT
Cannizzo,louis A
Grant Deed
related
—
Jan 6, 1999
—
L RT
—
Deed Of Trust
related
$122,000 · Fleet Mortgage Corp
Feb 12, 1993
—
L RT
—
Deed Of Trust
related
$128,800 · Sterling Bank
Mar 20, 1989
—
L RT
—
Deed Of Trust
related
$38,000 · Waltham Svgs Bk
Jan 6, 1988
—
L RT
—
Deed Of Trust
related
$100,000 · Waltham Svgs Bk
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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