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    Property profile & analytics

    72 Leonard St Belmont, MA 02478-2519

    • Banks
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    $1,935,000
    Last Sale
    Jun 22, 2023
    $2,150,000
    Location Intelligence
    Property ID
    US38-0744622
    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.

    Current Use by Public Records

    • Merrill Lynch / Mortgage Broker
    • Bank of America ATM / Atm
    • Bank of America Mortgage / Mortgage Broker / Mortgage Lender

    Property Details for 72 Leonard St

    Lot size
    0.23 lot acres
    Zone code
    LB1
    Property type
    Banks
    APN
    BELM M:34 P:000168 S:
    APU
    BELMM34P000168S

    Description

    This exceptional retail opportunity in Belmont, Massachusetts, presents a unique chance to establish a presence in a high-income market. Located at 72 Leonard Street, this freestanding property boasts approximately 2,500 square feet of ground-level space, complemented by a full basement. A key advantage is its exclusive drive-thru capability, a rare feature in downtown Belmont. The property also includes a private parking lot, enhancing customer convenience. The surrounding area demonstrates significant financial strength, with over $1 billion in bank deposits (2022 data) from three existing banks in the immediate vicinity. The average household income within a one-mile radius exceeds $243,000, indicating a strong consumer base with high purchasing power. This single-tenancy property is currently vacant and ready for immediate occupancy, making it an ideal location for a variety of retail businesses, particularly those that would benefit from a drive-thru option. The property's strategic location and unique features make it a compelling investment prospect in a thriving and affluent community. The zip code is 02478.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,925,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,300,000
      6.5%
      $2,160,000
      7%
      $2,175,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,750,000
      Geo Method
      $1,775,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,310,000
      Retail
      $2,450,000
      Mixed-Use
      $2,200,000
      Hospitality
      $1,870,000
      Educational
      $1,905,000
      Residential Income
      $2,155,000
      Energy
      $2,295,000
      Income-Based Land
      $2,225,000
      Food Service
      $2,455,000

    Location Insight

    • Map
    • Local Demand
    City
    Belmont
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1753
    Latitude
    42.398
    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
    $20,275
    $1,577,000
    $343,000
    $1,920,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,312 SF

      277 Trapelo Rd

      FINANCIAL BUILDING • 1,312 SF
      277 Trapelo Rd, Belmont, MA 02478-1855
      View Details
    • Value Estimation by Request
      1,260 SF

      395 Trapelo Rd

      FINANCIAL BUILDING • 1,260 SF
      395 Trapelo Rd, Belmont, MA 02478-1956
      View Details
    • Value Estimation by Request
      0.32 Acres

      2 Leonard St

      FINANCIAL BUILDING • 0.32 Acres
      2 Leonard St, Belmont, MA 02478-2518
      View Details
    • Value Estimation by Request
      1,301 SF

      481 Trapelo Rd, Unit 491

      FINANCIAL BUILDING • 1,301 SF
      481 Trapelo Rd, Belmont, MA 02478-1419
      View Details
    • Value Estimation by Request
      4,230 SF

      382-386A Trapelo Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,230 SF
      382-386A Trapelo Rd, Belmont, MA 02478
      View Details
    • Value Estimation by Request
      2,025 SF

      400-404 Trapelo Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,025 SF
      400-404 Trapelo Rd, Belmont, MA 02478
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      2,500 SF

      Stand-Alone Retail with Drive-Thru

      Single-tenant retail opportunity in a prestigious Boston suburb.
      307 Trapelo Rd, Belmont, MA 02478
      View Details
    • $55 SF/Yr
      6,618 SF

      Belmont Center Retail Opportunity

      Retail space available in high-traffic Belmont Center location.
      60 Leonard St, Belmont, MA 02478
      View Details
    • $11,000 /Mo

      Retail/Office Building in High-Traffic Location

      Retail/Office building in a desirable, high-traffic location.
      767-775 Belmont St, Belmont, MA 02478
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    • $1,900 /Mo

      Retail/Office Space on Trapelo Road

      Retail or office space with high visibility and traffic.
      386 A Trapelo Rd, Belmont, MA 02478
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    • $55 SF/Yr
      6,618 SF

      Belmont Center Retail Opportunity

      Prime retail spaces available in revitalized Belmont Center building.
      60 Leonard St, Belmont, MA 02478
      View Details
    • $1.00 SF/Yr
      2,537 SF

      Belmont Commercial Space for Lease

      Versatile commercial space suitable for retail or office use.
      285 Belmont St, Belmont, MA 02478
      View Details
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    72 Leonard St
    Belmont, MA 02478-2519
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    Realmo Value Estimation

    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.

    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.

    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
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