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    Property profile & analytics

    385 Concord Ave Belmont, MA 02478-3083

    • Office buildings
    • 0.76 lot acres
    OFF-MARKET
    Value Estimation
    $5,170,000
    Last Sale
    May 13, 2020
    $4,910,000
    Location Intelligence
    Property ID
    US38-0721859
    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

    • Dental Restorative Group - Belmont / Dentist / Dental Implants Provider
    • Horizon International Development / Computer Consultant
    • Dober Lidsky Craig & Associates Inc / Architect
    • Belmont Savings Bank / Bank
    • Geneva Group / Software Company

    Property Details for 385 Concord Ave

    Lot size
    0.76 lot acres
    Zone code
    LB1
    Property type
    Office buildings
    APN
    BELM M:35 P:000034 S:
    APU
    BELMM35P000034S

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,225,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,445,000
      6.5%
      $4,785,000
      7%
      $4,865,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,770,000
      Geo Method
      $4,845,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,175,000
      Retail
      $5,545,000
      Mixed-Use
      $4,950,000
      Hospitality
      $5,045,000
      Educational
      $4,250,000
      Residential Income
      $4,880,000
      Energy
      $4,990,000
      Income-Based Land
      $5,590,000
      Food Service
      $5,220,000

    Location Insight

    • Map
    • Local Demand
    City
    Belmont
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1733
    Latitude
    42.3956
    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
    $65,662
    $973,000
    $5,245,000
    $6,218,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      68 Leonard St

      OFFICE BUILDING • 0.17 Acres
      68 Leonard St, Belmont, MA 02478-2522
      View Details
    • Value Estimation
      $1,995,000
      0.06 Acres

      25 Flanders Rd

      OFFICE BUILDING • 0.06 Acres
      25 Flanders Rd, Belmont, MA 02478-4066
      View Details
    • Value Estimation by Request
      2,598 SF

      48-50 Trapelo Rd

      OFFICE BUILDING • 2,598 SF
      48-50 Trapelo Rd, Belmont, MA 02478
      View Details
    • Value Estimation by Request
      2,030 SF

      331 Trapelo Rd

      OFFICE BUILDING • 2,030 SF
      331 Trapelo Rd, Belmont, MA 02478-1856
      View Details
    • Value Estimation by Request
      2,895 SF

      345 Trapelo Rd

      OFFICE BUILDING • 2,895 SF
      345 Trapelo Rd, Belmont, MA 02478-1856
      View Details
    • Value Estimation by Request
      0.13 Acres

      44 Trapelo Rd

      OFFICE BUILDING • 0.13 Acres
      44 Trapelo Rd, Belmont, MA 02478-4445
      View Details

    Similar Nearby for Sale

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      Multi-tenant flex space, 100% occupied, strong NOI.
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    • $1,300,000
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      Retail Investment Opportunity in Belmont

      Retail property in Belmont, MA, offering long-term investment potential.
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      Updated Two-Family Home in Belmont

      Two-family home in Belmont's Waverley neighborhood with expansion potential.
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    Similar Nearby for Lease

    • $1,900 /Mo
      600 SF

      Belmont Center Office Space

      600 sqft office space available for rent in Belmont.
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    • $55 SF/Yr
      6,618 SF

      Belmont Center Retail Opportunity

      Retail space available in high-traffic Belmont Center location.
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      View Details
    • $1,900 /Mo
      600 SF

      Belmont Center Office Space

      600 SF office space in Belmont Center for rent.
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    • $1,900 /Mo

      Retail/Office Space on Trapelo Road

      Retail or office space with high visibility and traffic.
      386 A Trapelo Rd, Belmont, MA 02478
      View Details
    • $1.00 SF/Yr
      2,537 SF

      Belmont Commercial Space for Lease

      Versatile commercial space suitable for retail or office use.
      285 Belmont St, Belmont, MA 02478
      View Details
    • $1,900 /Mo

      Retail/Office Space with High Visibility

      Retail or office space in high-traffic location, includes basement.
      386 A Trapelo Rd, Belmont, MA 02478
      View Details
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    385 Concord Ave
    Belmont, MA 02478-3083
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    Realmo Value Estimation

    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.

    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.

    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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