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Property profile & analytics
OFF-MARKET
Estimated value
$2,450,000
Retail space
488 Trapelo Rd 494, Belmont, MA 02478-1422
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0825767
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
6,339 SF
Lot
0.25 ac (10,746 SF)
Zoning code
LB1
APN
BELM M:28 P:000133 S:
UPID
US38-0825767
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
$2.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.64M
Blend (final)
Blend
$2.45M
Owner & transaction history
Cfrp Holdings LLC · 4 yrs held
Cfrp Holdings LLC
since 2022
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
LB1 · Belmont, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+7.7%
Auto repair, garage
$1.8M
+4.4%
Neighborhood: shopping center
$1.8M
+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
$2,510,000
ML approach
$2,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,710,000
Current use
RESTAURANT
$1,840,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,785,000
Change: +4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,755,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,640,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$2.45M
Range $2.21M – $2.70M · ±10% · vs last sale $2.32M (Apr 15 2022)
Last sale anchor
$2.32M
Apr 15 2022
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
$386 / 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
$40,888
Tax year 2024
Assessed value
$3,872,000
Assessed 2024
Previous assessed
$1,526,000
+153.7% YoY
Effective rate
1.06%
On assessed value
Assessed land
$954,000
Assessed improvement
$2,918,000
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
Heating
OIL
Buildings
1
Stories
1
Total area
6,339 SF
Lot
0.25 ac (10,746 SF)
Zoning code
LB1
APN
BELM M:28 P:000133 S:
UPID
US38-0825767
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
$1.7M
RESTAURANT
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
0.25 ac
Current owner
From public records · entity-resolved
Cfrp Holdings LLC
Entity
Mailing address
45 BRIGHTON ST, BELMONT, MA 02478-4169
Ownership since
2022
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
Jun 2, 2025
—
Cfrp Holdings LLC
—
Deed
related
$250,000 · Watertown Savings Bank
Apr 15, 2022
$2,320,000
Cfrp Holdings LLC
Oliveri Realty Co LLC
Quit Claim Arm's Length For Ne States
$1,320,000 · Watertown Savings Bank
Mar 1, 2018
—
Wheelworks Realtye Assoc
Wheelworks Realty Trust
Quit Claim Deed
related
—
Apr 20, 2011
$1
Oliveri Rlty Co LLC
Oliveri,anthony J
Grant Deed
—
Apr 20, 2011
—
Oliveri,anthony J
—
Grant Deed
related
$390,000 · Gary Needham
Jan 20, 2011
$1
Anthony J Oliveri
Oliveri,anthony J
Grant Deed
related
—
Sep 8, 2006
$360,000
Anthony J Oliveri
Oliveri-ohearn,lucy M
Grant Deed
$390,000 · Gary Needham
Sep 8, 2006
$1
Anthony J Oliveri
Oliveri,anthony J
Grant Deed
related
—
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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