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Property profile & analytics
OFF-MARKET
Estimated value
$1,605,000
Office buildings
93 Concord Ave, Belmont, MA 02478-4044
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-0999538
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
4,600 SF
Lot
0.21 ac (9,004 SF)
Zoning code
LB3
APN
BELM M:22 P:000019 S:
UPID
US38-0999538
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
Current use
Occupant on record · Public records
-
Taylor Norma Employment Agency
-
The Squabblin' Goblin (Bike/Boat/Book/etc) Store
-
Greater Boston Periodontics & Implants Dental Office
-
Alexander Schrott, DMD, MMSc, Dr. med. dent. Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.61M
Owner & transaction history
93 Concord LLC · 3 yrs held
93 Concord LLC
since 2022
Last sale
$1.6M
5 recorded transactions
Zoning & alternative use
LB3 · Belmont, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+28.6%
Neighborhood: shopping center
$1.3M
+26.6%
Retail stores
$1.2M
+23.2%
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 Belmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belmont 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
$1,520,000
ML approach
$1,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,005,000
Current use
AUTO REPAIR, GARAGE
$1,295,000
Change: +29% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,275,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$1,240,000
Change: +23% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,190,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$1.61M
Range $1.44M – $1.77M · ±10% · vs last sale $1.65M (Dec 12 2022)
Last sale anchor
$1.65M
Dec 12 2022
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
$349 / 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
$17,287
Tax year 2024
Assessed value
$1,637,000
Assessed 2024
Previous assessed
$932,000
+75.6% YoY
Effective rate
1.06%
On assessed value
Assessed land
$702,000
Assessed improvement
$935,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
GAS
Buildings
1
Stories
2
Total area
4,600 SF
Lot
0.21 ac (9,004 SF)
Zoning code
LB3
APN
BELM M:22 P:000019 S:
UPID
US38-0999538
Jurisdiction
BELMONT
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
LB3 · Belmont, MA
Zoning LB3 · permitted uses
LB3 · Belmont, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Belmont. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
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
Heating
GAS
Stories
2
Buildings
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
93 Concord LLC
Entity
Mailing address
93 CONCORD AVE, BELMONT, MA 02478-4044
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2022
$1,645,000
93 Concord LLC
Italy In Amer T
Quit Claim Arm's Length For Ne States
$1,233,750 · Td Bank NA
Apr 29, 2005
—
T Osia
—
Deed Of Trust
related
$150,000 · Osia T
Oct 31, 1990
$500,000
Osia Tr Of 1985
D & F RT
Grant Deed
$175,000 · Zwi Kohorn
Sep 14, 1990
—
D RT
—
Deed Of Trust
related
$20,840 · Zwi Kohorn
Sep 12, 1990
—
D RT
—
Deed Of Trust
related
$2,000 · Zwi Kohorn
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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