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Property profile & analytics
OFF-MARKET
Retail space
415 Concord Ave, Belmont, MA 02478-3024
Trust Owned
9-yr Hold
Free & Clear
Property ID
US38-0503161
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Lot
0.06 ac (2,729 SF)
Zoning code
LB1
APN
BELM M:35 P:000030 S:
UPID
US38-0503161
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
-
The Luxe Dose Spa & Massage Center Alternative Medicine Practice
-
Hair Images Hair Salon Nail Salon
-
Good Look Optical Ophthalmologist (Bike/Boat/Book/etc) Store
-
Smith Donald F Law Firm
-
Gaffney Charles L Law Firm
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
415 Concord Ave Realty Trust · 9 yrs held
415 Concord Ave Realty Trust
since 2017
7 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
$7,941
Tax year 2024
Assessed value
$752,000
Assessed 2024
Previous assessed
$735,000
+2.3% YoY
Effective rate
1.06%
On assessed value
Assessed land
$365,000
Assessed improvement
$387,000
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
Year built
1965
Heating
GAS
Buildings
1
Stories
2
Lot
0.06 ac (2,729 SF)
Zoning code
LB1
APN
BELM M:35 P:000030 S:
UPID
US38-0503161
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
Year built
1965
Heating
GAS
Stories
2
Buildings
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
415 Concord Ave Realty Trust
Trust
Free & Clear · 9 yrs held
Mailing address
38 WALNUT ST, MEDFORD, MA 02155-4466
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2019
—
415 Concord Ave Trust
—
Deed
related
$581,250 · Naveo Cu
May 19, 2017
$715,000
415 Concord Ave Realty Trust
John Dk Smoot Family LP
Quit Claim Deed
—
Aug 10, 1994
$303,000
Branch,c Douglas
Iritano,f John
Grant Deed
—
Jun 16, 1993
$10,000
F John Iritano
Picardi,ronald
Grant Deed
—
Jan 26, 1990
—
Ronald Picardi
—
Deed Of Trust
related
$240,000 · Capitol Bank & Trust
Aug 18, 1989
—
Ronald Picardi
—
Deed Of Trust
related
$60,000 · Debral Realty Co
Jun 23, 1988
—
Ronald Picardi
—
Deed Of Trust
related
$120,000 · Bank Of New England
—
—
415 Concord Ave Trust
—
Deed Of Trust
related
$581,250 · Naveo Cu
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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