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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Retail space
441 Cmn St 449 Belmont, MA 02478-2768
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US38-1291586
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
4,113 SF
Lot
0.22 ac (9,450 SF)
Zoning code
LB1
APN
BELM M:12 P:000134 S:
UPID
US38-1291586
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$910k
Comparable Approach
Comparable
$708k
Blend (final)
Blend
$935k
Owner & transaction history
Cushing Square LLC · 17 yrs held
Cushing Square LLC
since 2009
7 recorded transactions
Zoning & alternative use
LB1 · Belmont, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+4.4%
Neighborhood: shopping center
$1.1M
+2.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$985,000
6.5%
$910,000
7%
$845,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,110,000
Current use
AUTO REPAIR, GARAGE
$1,160,000
Change: +4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,140,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,065,000
Change: -4% · Conversion: Easy
OFFICE BUILDING
$900,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±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
$227 / 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
Tax billed
$34,869
Tax year 2024
Assessed value
$3,302,000
Assessed 2024
Previous assessed
$2,939,000
+12.4% YoY
Effective rate
1.06%
On assessed value
Assessed land
$711,000
Assessed improvement
$2,591,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
OIL
Buildings
1
Stories
1
Total area
4,113 SF
Lot
0.22 ac (9,450 SF)
Zoning code
LB1
APN
BELM M:12 P:000134 S:
UPID
US38-1291586
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$900,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
Heating
OIL
Stories
1
Buildings
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Cushing Square LLC
Entity
Mailing address
1018 COMMONWEALTH AVE, BOSTON, MA 02215-1138
Ownership since
2009
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
Oct 14, 2020
—
Cushing Sq LLC
—
Deed
related
$806,000 · Webster First Federal Credit Union
Jan 5, 2009
$1,910,000
Cushing Square LLC
Trapelo Common RT
Grant Deed
$1,440,000 · Industrial Cu
May 2, 2001
—
Belmont Mnr RT
—
Deed Of Trust
related
$4,158,000 · Belmont Savings Bank
May 28, 1999
$750,000
Trapelo Common RT
Belmont Manor RT
Grant Deed
$2,800,000 · Belmont Savings Bank
May 28, 1999
—
Trapelo Common RT
—
Deed Of Trust
related
$1,000,000 · Zenon Grzybowski
Nov 15, 1996
—
Belmont Manor RT
—
Deed Of Trust
related
$429,000 · Belmont Savings Bank
Oct 13, 1995
—
Belmont Manor RT
—
Deed Of Trust
related
$480,000 · Belmont Savings Bank
Sep 22, 1989
—
Belmont Manor RT
—
Deed Of Trust
related
$330,000 · 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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