Office Units with Immediate
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1007 Chestnut, Newton, MA 02464
Multiple office and retail-oriented suites are available for immediate occupancy in a historic commercial property.
Property Size7,051 SF
Price / SF$0.33
Days on Market56
Property Features for 1007 Chestnut
General Information
Standard status
Active
Size
7,051 SF
Building Details
Year Built
1842
Listing Agency:
CRG Commercial
Listed By:
John Nachtwey
(617) 393-4200
Source:
Alpernandmesenbourg
Added: Aug 25
Changed: Oct 3
Last Checked: Oct 7 at 4:17PM
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 historic commercial property, built in 1842, contains multiple office and office-retail suites totaling 7,051 square feet. Available configurations include a 656-square-foot retail or office unit, a 725-square-foot office, a 1,050-square-foot office, and a 1,340-square-foot office-retail suite. The range of suite sizes supports flexible occupancy options within one property.
Key Highlights
- Multiple office and office‑retail suites available for immediate occupancy
- 656 SF retail or office suite
- 725 SF office suite
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 9,727.43%
Second Best
Retail
$1.45M
$1.27M – $1.69M
NOI $101,343 @ 7.0% cap · market cap 4,406.22%
Theoretical Best
Office A
$4.17M
$3.65M – $4.87M
NOI $292,192 @ 7.0% cap · market cap 12,704.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,571
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Multiple office and retail-oriented suites are available for immediate occupancy in a historic commercial property.
Where is this office unit located?
The property is located at 1007 Chestnut Newton, MA.
What are key features of this property?
This property features: Multiple office and office‑retail suites available for immediate occupancy; 656 SF retail or office suite; 725 SF office suite
