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Property profile & analytics
OFF-MARKET
Estimated value
$2,600,000
Commercial real estate
91 Lowell Rd 1, Concord, MA 01742
Entity Owned
9-yr Hold
Free & Clear
Property ID
US38-0616808
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
1960
Total area
13,226 SF
Lot
2 ac (87,120 SF)
Zoning code
BN
APN
CONC M:8H B:1685 L:B1
UPID
US38-0616808
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
$3.36M
Comparable Approach
Comparable
$2.45M
Blend (final)
Blend
$2.60M
Owner & transaction history
Milltarry Ckjb LLC · 9 yrs held
Milltarry Ckjb LLC
since 2017
7 recorded transactions
Zoning & alternative use
BN · Concord, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.8M
+12.4%
Auto repair, garage
$3.7M
+8.9%
Neighborhood: shopping center
$3.7M
+7.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,635,000
6.5%
$3,355,000
7%
$3,120,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,420,000
Current use
RESTAURANT
$3,840,000
Change: +12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,725,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,665,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$3,565,000
Change: +4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,045,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$2.60M
Range $2.34M – $2.86M · ±10%
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
$197 / 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
$30,845
Tax year 2024
Assessed value
$2,520,000
Assessed 2024
Previous assessed
$2,520,000
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed improvement
$2,520,000
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
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Year built
1960
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Bathrooms
4
Total area
13,226 SF
Lot
2 ac (87,120 SF)
Zoning code
BN
APN
CONC M:8H B:1685 L:B1
UPID
US38-0616808
Jurisdiction
CONCORD
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BN · Concord, MA
Zoning BN · permitted uses
BN · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.4M
RESTAURANT
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
RETAIL STORES
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
4
Lot
2 ac
Current owner
From public records · entity-resolved
Milltarry Ckjb LLC
Entity
Free & Clear · 9 yrs held
Mailing address
175 SUDBURY RD, CONCORD, MA 01742-3419
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2017
—
Milltarry Ckjb LLC
Ckjb Trust
Quit Claim Deed
related
—
Jan 12, 2000
$1,275,000
T Ckjb
Crosby RT
Grant Deed
$254,000 · Zenon Grzybowski
May 7, 1996
—
Crosby RT
—
Deed Of Trust
related
$500,000 · Zuckerman Family Nomi
Dec 14, 1995
—
Crosby RT
—
Deed Of Trust
related
$600,000 · Grove Bank
Dec 12, 1990
—
Crosby RT
—
Deed Of Trust
related
$100,000 · Gary Needham
Nov 6, 1989
—
Crosby RT
—
Deed Of Trust
related
$1,025,000 · Gary Needham
Oct 8, 1987
—
Crosby RT
—
Deed Of Trust
related
$650,000 · Cooperative Bank
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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