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Property profile & analytics
OFF-MARKET
Estimated value
$15,720,000
Hospitals
785 Main St, Concord, MA 01742-3310
Individually Owned
2-yr Hold
Free & Clear
Property ID
US38-0395439
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1968
Construction
STEEL FRAME
Total area
31,074 SF
Lot
2.07 ac (90,169 SF)
Zoning code
M/P
APN
CONC M:10F B:3978 L:2
UPID
US38-0395439
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
$15.72M
CAP Approach
CAP
$13.88M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.72M
Owner & transaction history
Landmark Recovery Of Conc · 2 yrs held
Landmark Recovery Of Conc
since 2024
Last sale
$15.7M
7 recorded transactions
Zoning & alternative use
M/P · Concord, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Concord submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Concord 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
$15,720,000
ML approach
$15,720,000
CAP Approach
CAP Return
Estimation
6%
$15,035,000
6.5%
$13,875,000
7%
$12,885,000
Blend value · Realmo final
$15.72M
Range $14.15M – $17.29M · ±10% · vs last sale $15.72M (Jun 27 2024)
Last sale anchor
$15.72M
Jun 27 2024
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
$506 / 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
$51,486
Tax year 2024
Assessed value
$4,206,400
Assessed 2024
Previous assessed
$4,206,400
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,509,300
Assessed improvement
$2,697,100
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1968
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Bathrooms
9
Total area
31,074 SF
Lot
2.07 ac (90,169 SF)
Zoning code
M/P
APN
CONC M:10F B:3978 L:2
UPID
US38-0395439
Jurisdiction
CONCORD
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
M/P · Concord, MA
Zoning M/P · permitted uses
M/P · Concord, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Concord. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Bathrooms
9
Lot
2.07 ac
Current owner
From public records · entity-resolved
Landmark Recovery Of Conc
Individual
Free & Clear · 2 yrs held
Mailing address
785 MAIN ST, CONCORD, MA 01742-3310
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2024
—
Landmark Recovery Of Conc
Concord Town Of
Redemption Deed
related
—
Jan 13, 2023
—
Landmark Recovery Concord
Concord Town Of
Redemption Deed
related
—
Jan 4, 2023
$15,719,061
Store Master Funding Xxx
Landmark Recovery Concord
Warranty Deed
$15,900,000 · Citibank NA
Nov 16, 2021
—
Landmark Recovery Concord
—
Deed
related
$8,475,000 · Pinnacle Bank
Jan 3, 2019
—
Landmark Recovery Concord
—
Deed
related
$3,700,000 · Blue Hills Bk
Oct 18, 2018
$2,250,000
Landmark Recovery Concord
Ccp Walden 588 LLC
Quit Claim Deed
—
Aug 20, 2015
—
Ccp Walden 588 LLC
Ventas Realty LP
Warranty Deed
—
Dec 21, 2001
—
Ventas Finance 1 LLC
—
Deed Of Trust
related
$225,000,000 · Merrill Lynch Credit Corp
Mar 2, 2000
—
Ventas Rlty LP
—
Deed Of Trust
related
$998,367,900 · Bank Of America
—
—
Landmark Recovery Concord
—
Deed Of Trust
related
$3,700,000 · Blue Hills Bk
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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