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Property profile & analytics
FOR SALE
Office buildings

950 Boylston St Newton, MA 02461

3,168 SF 0.12 ac lot Built 1950
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US38-1747836
Property summary
AI-generated overview

This exceptional three-story office building, located at 950 Boylston Street in Newton, Massachusetts, offers a unique opportunity for businesses seeking a prestigious address in a thriving market. The property, built in 1950 and extensively renovated in 2024, boasts a total of 4,752 square feet situated on a 5,175 square foot lot. The building is zoned BU2/VC3 and is ideally suited for a variety of office uses, including traditional, executive, and creative office spaces. Multiple tenancy options are available, with a minimum divisible space of 1,500 square feet, allowing for flexibility to accommodate businesses of various sizes. The building features a classic brick exterior and offers a blend of modern amenities and timeless charm. While there are no elevators, the three-story structure provides ample natural light and a comfortable working environment. This prime location along the Route 128 corridor provides excellent accessibility and visibility, making it an attractive option for businesses seeking a strategic location in Newton, MA. The property presents a compelling opportunity for both leasing and ownership, offering a chance to establish a strong presence in a highly desirable area. The 02461 zip code ensures easy access to major transportation routes and a wealth of local amenities. This is a rare opportunity to secure a well-maintained, renovated office building in a sought-after location.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1950
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,168 SF
Lot 0.12 ac (5,175 SF)
Zoning code BU2
APN NEWT S:51 B:026 L:0002
UPID US38-1747836
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
  • Capstone Communities LLC Real Estate Developer Property Management Company
  • Muscle Inc With Sue Lane Alternative Medicine Practice Spa & Massage Center
  • New England Insurance Group LLC Insurance Agency
  • Bayassociates General Contractor
  • Adamation Inc Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.43M
CAP Approach CAP
$1.65M
Comparable Approach Comparable
$1.36M
Blend (final) Blend
$1.36M
Owner & transaction history
38 Ramsdell Street LLC · 6 yrs held
38 Ramsdell Street LLC
since 2020
Last sale
$1.3M
3 recorded transactions
2020
$1.3M
2012
$1
2004
$1
Zoning & alternative use
BU2 · Newton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.3M +37.9%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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