Modern Mixed-Use
For Sale
Contact for pricing
1007 Chestnut Unit B, Newton, MA 02464
Immediate occupancy is available for a suite with hardwood flooring and a full bath.
Property Size7,051 SF
Price / SF$0.35
Days on Market93
Property Features for 1007 Chestnut Unit B
General Information
Standard status
Active
Size
7,051 SF
Property subtype
Commercial
Amenities
hardwood floor
modern Full Bath
Building Details
Year Built
1842
Listing Agency:
CRG Commercial
Listed By:
John Nachtwey
(617) 393-4200
Source:
Sredboston
Added: Jul 20
Changed: Oct 19
Last Checked: Oct 19 at 9:07AM
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.
Located at 1007 Chestnut, Unit B, in Newton, Massachusetts, this mixed-use property includes retail and office suites. The available suite features hardwood flooring, a full bath, and immediate occupancy. The property dates to 1842.
Key Highlights
- Retail and office suites available
- Immediate occupancy
- Hardwood flooring
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 8,949.24%
Second Best
Mixed Use
$1.66M
$1.45M – $1.94M
NOI $116,342 @ 7.0% cap · market cap 4,653.68%
Theoretical Best
Office A
$4.17M
$3.65M – $4.87M
NOI $292,192 @ 7.0% cap · market cap 11,687.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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?
Mixed-use property - Immediate occupancy is available for a suite with hardwood flooring and a full bath.
Where is this mixed-use property located?
The property is located at 1007 Chestnut Unit B Newton, MA.
What are key features of this property?
This property features: Retail and office suites available; Immediate occupancy; Hardwood flooring
