Mixed-Use Property with Office
1007-1009 Chestnut, Newton, MA 02464
For Sale
Contact for pricing
Commercial condominium property offering flexible office and retail configurations for professional and service-oriented uses.
Property Size1,842 SF
Price / SF$1.42
Days on Market56
Property Features for 1007-1009 Chestnut
General Information
Standard status
Size
Lease Term
Building Details
Building Size
Year Built
Listing Agency:
CRG Commercial
(617) 393-4200
Listed By:
John Nachtwey
(617) 719-2026
Source:
Iverty
Added: Sep 14
Changed: Nov 6
Last Checked: Nov 6 at 9:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CRG Commercial
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Investment Insights
Based on property information with market context.
This mixed-use commercial property contains 7,051 square feet and was built in 1842. The building includes four office suites with approximately 3,771 ± SF of professional office and retail space, along with five commercial condominium units overall. Suites can be leased individually or combined for a larger business footprint, providing flexibility for office, retail, showroom, service-oriented, and other commercial uses.
Located at 1007-1009 Chestnut in Newton, Massachusetts, the property combines historic construction with updated office interiors. The configuration supports both individual-suite occupancy and full-property leasing, with immediate occupancy noted for the available space.
Located at 1007-1009 Chestnut in Newton, Massachusetts, the property combines historic construction with updated office interiors. The configuration supports both individual-suite occupancy and full-property leasing, with immediate occupancy noted for the available space.
Key Highlights
- 7,051‑square‑foot mixed‑use commercial property
- Four office suites with approximately 3,771 ± SF of office and retail space
- Five commercial condominium units provide flexible occupancy options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,343
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,026,860
$2.0M
Cap Rate 7%
$1,447,757
$1.4M
Cap Rate 9%
$1,126,033
$1.1M
Market Conditions
NOI Build-Up for 7,051 SF
Gross rent
$154.8K $21.96/SF
− Vacancy
−$10.1K −$1.43/SF
EGI
$144.8K $20.53/SF
− OpEx
−$43.4K −$6.16/SF
NOI
$101.3K $14.37/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,026,860
Cap Rate 7%
$1,447,757
Cap Rate 9%
$1,126,033
Alternative Uses
Best Use
Office B
$3.20M
$2.80M – $3.73M
NOI $223,731 @ 7.0% cap · market cap 2,237.31%
Second Best
Mixed Use
$1.66M
$1.45M – $1.94M
NOI $116,342 @ 7.0% cap · market cap 1,163.42%
Theoretical Best
Office A
$4.17M
$3.65M – $4.87M
NOI $292,192 @ 7.0% cap · market cap 2,921.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,571
Businesses Nearby
Explore this area
Business Placement
Demographics for 02464, MA
3,193
Population
1,503
Households
2.1
Avg Household Size
42
Median Age
72%
College-Educated
97%
High-School Grad
0.6 sq mi
ZIP Area
5,322
Density / Sq Mi
$125,846
Median Household Income
$65,693
Median Earnings
$2,407
Median Rent
$899,300
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Middlesex County, MA
Properties on Market for Mixed-use properties in Middlesex County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial condominium property offering flexible office and retail configurations for professional and service-oriented uses.
Where is this mixed-use property located?
The property is located at 1007-1009 Chestnut Newton, MA.
What are key features of this property?
This property features: 7,051‑square‑foot mixed‑use commercial property; Four office suites with approximately 3,771 ± SF of office and retail space; Five commercial condominium units provide flexible occupancy options
