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Property profile & analytics
OFF-MARKET Estimated value $4,825,000
Office buildings

490 Virginia Rd Concord, MA 01742-2747

19,323 SF 4.14 ac lot Built 1996
Entity Owned 18-yr Hold ~ Est. High Equity
Property ID
US38-1339355
Property summary
AI-generated overview

Concord Farms, located at 490 Virginia Rd, Concord, MA 01742, presents a fantastic opportunity for businesses seeking a well-established office space. This single, three-story building, constructed in 1996, offers a total of 19,323 square feet situated on a 4.14-acre lot in Middlesex County. The property is currently configured as a multi-tenant building, with the first-floor suite available for lease starting May 1st, 2025. This particular suite offers a functional layout ideal for a variety of businesses. The space includes four to five private offices, providing ample room for individual work or team collaboration. A dedicated conference room facilitates meetings and presentations, while a kitchenette offers convenient food preparation and break areas. In addition to the private offices and conference room, the suite also features an open area, providing flexibility for various work styles and team configurations. The building's traditional office design is complemented by creative office elements, making it suitable for a range of professional settings. The property's location in Concord, Massachusetts offers easy access to major transportation routes and amenities, making it an attractive location for employees and clients alike. This is a rare opportunity to secure a well-maintained and conveniently located office space in a desirable area. The suite's layout and features make it an excellent choice for businesses seeking a productive and comfortable work environment.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1996
Construction FRAME
Total area 19,323 SF
Lot 4.14 ac (180,338 SF)
Zoning code IPV
APN CONC M:8K B:4261 L:1
UPID US38-1339355
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
by Request
Comparable Approach Comparable
$6.50M
Blend (final) Blend
$4.83M
Owner & transaction history
Ne Farm LP · 18 yrs held
Ne Farm LP
since 2007
3 recorded transactions
2007
Price N/A
1997
Price N/A
1996
Price N/A
Zoning & alternative use
IPV · Concord, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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