Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    696 Virginia Rd Concord, MA 01742-2718
    Back to Search
    Property profile & analytics

    696 Virginia Rd, Concord, MA 01742-2718

    View on Map
    • Office buildings
    • 83,954 SF
    • 28.22 lot acres
    Off-Market
    Last Sale May 31, 2022
    $11,000,000
    Property ID
    US38-0347268
    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.
    Value Estimations
    $10,655,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 696 Virginia Rd

    Year built
    1966
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    28.22 lot acres
    Zone code
    IP
    Property type
    Office buildings
    APN
    CONC M:8L B:4256 L:1
    APU
    CONCM8LB4256L1

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 28, 2022 — Concord Trustee LLC Tr — Deed · related $23.7M · Webster Bank
    May 31, 2022 — 696 Concord Trustee LLC Virginia Road LLC Quit Claim Deed · related —
    Mar 15, 2018 $11,000,000 Virginia Road LLC 696 Virginia Road LLC Quit Claim Arm's Length For Ne States $7.2M · East Boston Savings Bank
    Dec 17, 2008 $30,000,000 696 Virginia Road LLC Rubicon Gsa 1 Concord LLC Grant Deed —
    Jun 10, 2005 $30,000,000 Rubicon-ngp Concor Ma LLC Fortress Gsa Concord LLC Grant Deed $389M · Worth Funding INC
    Aug 12, 1998 — Fortress Gsa Concord — Deed Of Trust · related $234.2M · Bankers Trust Co
    Jul 27, 1998 $15,000,000 Fortress Gsa Concord Wentworth Inst Of Tech Grant Deed —
    Apr 13, 1992 — Wentworth Inst Of Tech — Deed Of Trust · related $75k · Bankboston Development Co LLC
    Sep 30, 1991 $4,512,500 Instit Tech Wentworth Brt RT Grant Deed —
    Sep 30, 1991 — Instit Tech Wentworth — Deed Of Trust · related $3.5M · Shawmut Bank Of Boston

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,180,000
      ML approach
      $9,090,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $10,449,000
      Market price range: $5.61M - $21.0M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3029
    Latitude
    42.4637
    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
    $177,790
    $5,895,800
    $8,629,500
    $14,525,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,255,000
      60,399 SF

      200 Baker Ave

      OFFICE BUILDING
      200 Baker Ave, Concord, MA 01742-2125
      View Details
    • Value Estimation
      $4,080,000
      15,694 SF

      83 Main St

      OFFICE BUILDING
      83 Main St, Concord, MA 01742-2503
      View Details
    • Value Estimation
      $2,310,000
      7,920 SF

      1826 Main St

      OFFICE BUILDING
      1826 Main St, Concord, MA 01742
      View Details
    • Value Estimation
      $13,320,000
      61,355 SF

      561 Virginia Rd

      OFFICE BUILDING
      561 Virginia Rd, Concord, MA 01742-2767
      View Details
    • Value Estimation by Request
      0.56 Acres

      105 Keyes Rd

      OFFICE BUILDING
      105 Keyes Rd, Concord, MA 01742-1601
      View Details
    • Value Estimation
      $17,500,000
      43,788 SF

      54 Baker Ave

      OFFICE BUILDING
      54 Baker Ave, Concord, MA 01742-2203
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Wayside Square Office Space

      First-floor office condo in Concord available for sale or lease.
      801 Main St, Concord, MA 01742
      View Details
    • Contact for pricing

      West Concord Mixed-Use Opportunity

      Retail/commercial space with offices in a bustling village setting.
      95 Commonwealth Ave, Concord, MA 01742
      View Details
    • Contact for pricing
      2,650 SF

      Concord Office Space For Sale

      Office space available in Concord, Massachusetts, totaling 2,650 square feet.
      54 Junction Square Dr, Concord, MA 01742
      View Details
    • Contact for pricing

      Retail/Commercial Space in West Concord

      Retail/commercial space with offices in a bustling village district.
      95 Commonwealth Ave, Concord, MA 01742
      View Details
    • Contact for pricing

      Retail/Commercial Space in West Concord

      Versatile commercial space in a bustling village setting.
      95 Commonwealth Ave, Concord, MA 01742
      View Details
    • Contact for pricing
      1,162 SF

      Concord Office Space For Sale

      Office space available in Concord, Massachusetts.
      133 Old Road To 9 Acre Cor, Concord, MA 01742
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,119 SF

      Suburban Office Space Available

      413,415 SF building near Route 2A, Interstate 95 and 495.
      300-310 Baker Ave, Concord, MA 01742
      View Details
    • Contact for pricing

      Suburban Office Building Near Transportation

      413,415 SF building near Route 2A, I-95, and I-495.
      Concord, MA 01742
      View Details
    • Contact for pricing
      20,000 SF

      Concord Office Space for Lease

      20,000 SF office space available at 530 Virginia Rd.
      530 Virginia Rd, Concord, MA 01742
      View Details
    • Contact for pricing
      10,119 SF

      Concord Office Building with Fitness Center

      Three-story office building with recent renovations and on-site fitness center.
      150 Baker Avenue Ext, Concord, MA 01742
      View Details
    • Contact for pricing

      Modern Concord Office Building

      Three-story office building with convenient access to transportation.
      200 Baker Ave, Concord, MA 01742
      View Details
    • Contact for pricing

      Professional Office Space in Concord

      First floor office space at 1150 Main Street, Concord.
      1150 Main St, Concord, MA 01742
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    696 Virginia Rd
    Concord, MA 01742-2718
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    696 Virginia Rd, Concord, MA, 01742
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!