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345 Trapelo Rd 4,800 SF Vacant Office Building Belmont, MA 02478 $1,750,000 ($364.58/SF) 6.57% Cap Rate
INVESTMENT HIGHLIGHTS
- HEAVY Traffic count
- Completely renovated 2015
- Amazing open space with high ceilings
EXECUTIVE SUMMARY
LOCATION! LOCATION! LOCATION! NOW FULLY TENANTED! Upstairs & Entry area NNN leased at $2.25/sqft $6500 monthly, Downstairs Semi-net at $3,500 monthly. Upstairs Tenant pays 60% of taxes and Insurance. Remodeled in 2015 to include hardwood floors, acoustic ceiling with built in sound system and recess lighting. Central air and a handicap elevator - lift. Grand wide stairs lead up to the unit. with 2 bathrooms, Storage and office space included. Downstairs is a food laboratory VERY long-term tenant with 7 years remaining and would like to stay. Semi-Net lease in place-tenant pays utilities & maintenance. Comes with storage area, 2 offices & 2 more bathrooms. Amazing location 2 doors down from Dunkin Donuts close to public transportation. Building needs nothing. Tenant responsible for fire alarm. Landlord's operating expense is only 40% of taxes and insurance!
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$127,200
|
$26.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$127,200
|
$26.50
|
| Taxes |
$9,303
|
$1.94
|
| Operating Expenses |
$3,200
|
$0.67
|
| Total Expenses |
$12,503
|
$2.60
|
| Net Operating Income |
$114,697
|
$23.90
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $127,200 |
| Annual Per SF | $26.50 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $127,200 |
| Annual Per SF | $26.50 |
| Taxes | |
|---|---|
| Annual | $9,303 |
| Annual Per SF | $1.94 |
| Operating Expenses | |
|---|---|
| Annual | $3,200 |
| Annual Per SF | $0.67 |
| Total Expenses | |
|---|---|
| Annual | $12,503 |
| Annual Per SF | $2.60 |
| Net Operating Income | |
|---|---|
| Annual | $114,697 |
| Annual Per SF | $23.90 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
4,800 SF
Building Class
C
Year Built/Renovated
1975/2015
Price
$1,750,000
Price Per SF
$364.58
Cap Rate
6.57%
NOI
$115,000
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,200 SF
Building FAR
1.00
Lot Size
0.11 AC
Zoning
LB3 - Local Business
Parking
3 Spaces (0.63 Spaces per 1,000 SF Leased)
AMENITIES
- Day Care
- Fitness Center
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
1 1
Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | BELM-000014-000065 | Total Assessment | $1,052,000 (2025) |
| Land Assessment | $772,000 (2025) | Annual Taxes | $9,303 ($1.94/SF) |
| Improvements Assessment | $280,000 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
BELM-000014-000065
Land Assessment
$772,000 (2025)
Improvements Assessment
$280,000 (2025)
Total Assessment
$1,052,000 (2025)
Annual Taxes
$9,303 ($1.94/SF)
Tax Year
2024
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345 Trapelo Rd
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