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Property profile & analytics
OFF-MARKET
Estimated value
$5,095,000
Office buildings
385 Concord Ave, Belmont, MA 02478-3083
Entity Owned
6-yr Hold
Free & Clear
Property ID
US38-0721859
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Lot
0.76 ac (33,176 SF)
Zoning code
LB1
APN
BELM M:35 P:000034 S:
UPID
US38-0721859
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
-
Dental Restorative Group - Belmont Dental Office
-
Horizon International Development IT Consulting Firm (Bike/Boat/Book/etc) Store
-
Dober Lidsky Craig & Associates Inc Architect
-
Belmont Savings Bank Bank Loan Service
-
Geneva Group (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.10M
Owner & transaction history
385 Concord Ave LLC · 6 yrs held
385 Concord Ave LLC
since 2020
Last sale
$4.9M
5 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
Method
Estimation
Statistic approach
$5,225,000
ML approach
$5,330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.10M
Range $4.59M – $5.60M · ±10% · vs last sale $4.91M (May 13 2020)
Last sale anchor
$4.91M
May 13 2020
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
—
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
$65,662
Tax year 2024
Assessed value
$6,218,000
Assessed 2024
Previous assessed
$6,202,000
+0.3% YoY
Effective rate
1.06%
On assessed value
Assessed land
$973,000
Assessed improvement
$5,245,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
GAS
Buildings
1
Lot
0.76 ac (33,176 SF)
Zoning code
LB1
APN
BELM M:35 P:000034 S:
UPID
US38-0721859
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
0.76 ac
Current owner
From public records · entity-resolved
385 Concord Ave LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 127, BELMONT, MA 02478-0002
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2026
—
385 Concord Avenue LLC
—
Deed
related
$525,000 · Coastal Heritage Bank
Jun 20, 2025
—
385 Concord Avenue LLC
—
Deed
related
$10,475,000 · Coastal Heritage Bank
May 13, 2020
—
385 Concord Ave LLC
Concord Ave 385
Quit Claim Deed
related
—
Apr 3, 2015
$4,910,000
375 Concord Avenue Nt
Martin W Manzelli Corp
Quit Claim Arm's Length For Ne States
$7,140,000 · Belmont Savings Bank
Nov 13, 1987
—
Martin W Manzelli Corp
—
Deed Of Trust
related
$100,000 · Shawmut Bank Of Boston
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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