Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    73 Junction Square Dr Concord, MA 01742
    Back to Search
    Property profile & analytics

    73 Junction Square Dr Concord, MA 01742

    View on Map
    • Office properties & Spaces
    • 1,588 SF
    • 3.14 lot acres
    For Lease
    $36 SF/Yr
    View Listing →
    Concord Office Space For Rent For Lease
    $36 SF/Yr
    835 SF

    Concord Office Space For Rent

    Office space available for lease in Concord, Massachusetts.

    73 Junction Square Dr, Concord, MA
    View Listing
    Property ID
    US38-1320143
    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
    $1,035,000
    Cap Rate Potential
    5%
    Office properties & Spaces
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 73 Junction Square Dr

    Year built
    1985
    Lot size
    3.14 lot acres
    Property size
    1,588 SF
    Zone code
    BN
    Property type
    Office properties & Spaces
    APN
    CONC M:9D B:2410 L:73
    APU
    CONCM9DB2410L73

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,075,000
      ML approach
      $1,070,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $895,000
      6.5%
      $825,000
      7%
      $770,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $696,000
      Market price range: $302k - $946k

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3959
    Latitude
    42.456
    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
    $4,390
    $0.00
    $358,700
    $358,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,576 SF

      9 Damonmill Sq2s

      CONDOMINIUM OFFICES • 1,576 SF
      9 Damonmill Sq2s, Concord, MA 01742-2858
      View Details
    • Value Estimation by Request
      476 SF

      1150 Main St Ste, Unit 1

      CONDOMINIUM OFFICES • 476 SF
      1150 Main St Ste, Concord, MA 01742-3058
      View Details
    • Value Estimation by Request
      1,295 SF

      97 Lowell Rd Ste, Unit 10

      CONDOMINIUM OFFICES • 1,295 SF
      97 Lowell Rd Ste, Concord, MA 01742-1734
      View Details
    • Value Estimation
      $745,000
      2,760 SF

      1732 Main St Ste, Unit 2

      CONDOMINIUM OFFICES • 2,760 SF
      1732 Main St Ste, Concord, MA 01742-3837
      View Details
    • Value Estimation by Request
      0.55 Acres

      1150 Main St Ste, Unit 5

      CONDOMINIUM OFFICES • 0.55 Acres
      1150 Main St Ste, Concord, MA 01742-3058
      View Details
    • Value Estimation by Request
      952 SF

      9 Damonmill Sq Ste 4c

      CONDOMINIUM OFFICES • 952 SF
      9 Damonmill Sq Ste 4c, Concord, MA 01742-2859
      View Details

    Similar Nearby for Sale

    • 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

      34,800 SF Flex Building

      34,800 SF flex building on 5.33 acres.
      100 Domino Dr, Concord, MA 01742
      View Details
    • Contact for pricing

      West Concord Retail/Office Opportunity

      Retail/office space in West Concord village, near train station.
      95 Commonwealth Ave, Concord, MA 01742
      View Details
    • Contact for pricing
      2,650 SF

      West Concord Office Condo For Sale

      2,650 SF office condo in West Concord Village.
      54 Junction Square Dr, 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
    • $1,585,000

      Retail/Commercial Space in West Concord

      Versatile commercial space in a bustling village setting.
      95 Commonwealth Ave, Concord, MA 01742
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing
      620 SF

      Concord Office Suite For Lease

      620 sq ft office space in desirable Concord location.
      1624 Sudbury Rd, Concord, MA 01742
      View Details
    • Contact for pricing
      2,317 SF

      Concord Office Space Available

      Office space available for lease in Concord, Massachusetts.
      10 Concord Xing, Concord, MA 01742
      View Details
    • 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

      Accessible Office Space Near Amenities

      Office building with convenient access to transportation and local amenities.
      336 Baker Ave, 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
    View Listing
    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.
    73 Junction Square Dr
    Concord, MA 01742
    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
    73 Junction Square Dr, 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!