Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    288 Walnut 4 Newton, MA 02460

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,200 /Mo

    Four-room office suite in a converted building with parking.

    Lot size:
    0.23 Acres

    Property Features for 288 Walnut 4

    General Information

    Lot size
    0.23 Acres

    Building Details

    Year built
    9999

    We can help!

    Listing Contact
    Adam Kotkin
    Source: Elliman

    Listing Agent: Adam Kotkin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Converted Office Building Suite

    This property features a four-room suite, comprising three private offices and a common area. The suite is located within a building that was originally a church and was converted into an office building in the 1980s. The location offers convenient access to neighborhood parking and ample on-street parking directly across from the building. Commuter rail access is readily available with a stop located adjacent to the building. A supermarket is located across the street. The area is highly walkable, boasting a walk score of 88.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Newton
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2082
    Latitude
    42.3517

    Nearby Similar for Lease

    • $2,375 /Mo
      4,792 SF

      West Newton First-Floor Office Space

      Professional office space in West Newton with flexible lease terms.
      76 Chestnut St, Newton, MA 02465
      View Details
    • $2,000 /Mo

      Newton Center Medical Office Space

      Two rooms ideal for medical or wellness professionals in Newton Center.
      17 Herrick Rd, Newton, MA 02459
      View Details
    • Contact for pricing
      1,894 SF

      Restaurant and Retail Space Available

      Restaurant and retail spaces for lease in Newton Center.
      1185-1197 Centre St, Newton Centre, MA 02459
      View Details
    • $16 SF/Yr

      Newton Mixed-Use Commercial Space

      4,500 SF mixed-use space near Mass Pike and Charles River.
      227 California St, Newton, MA 02458
      View Details
    • $3,900 /Mo

      Newton Commercial Space For Rent

      Corner lot retail/office space with high visibility and parking.
      21 Jackson St, Newton, MA 02459
      View Details
    • Contact for pricing
      8,300 SF

      Restaurant/Bar Space in Newton Centre

      Two-story restaurant/bar with patio in Newton Centre location.
      93 Union St, Newton Centre, MA 02459
      View Details
    • Contact for pricing
      2,259 SF

      Retail Space in Newton, MA

      Retail space available in affluent Newton, Massachusetts.
      55 Needham St, Newton, MA 02461
      View Details
    • Contact for pricing
      10,830 SF

      Newton Nexus: Prime Retail Space

      10,830 SF Retail Center - Middlesex County
      153 Needham St, Newton, MA 02461
      View Details
    • $995 /Mo
      225 SF

      Newton Highlands Office Space Available

      Private office suites for lease near Newton Highland T Stop.
      1150 Walnut St, Newton, MA 02461
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Affluent Newton

      Located in Newton, close to major routes and affluent neighborhoods.
      1024 Chestnut St, Newton, MA 02464
      View Details
    • Contact for pricing
      10,943 SF

      Brookline Office/Medical Building Suites

      Office and medical suites available in Brookline, Massachusetts.
      824-826 Boylston St, Chestnut Hill, MA 02461
      View Details
    • Contact for pricing
      22,000 SF

      Class A Office Space Available

      Office, retail, and medical suites for lease in Newton.
      296-334 Washington St, Newton, MA 02458
      View Details

    FAQs

    What type of property is this?
    Office space - Four-room office suite in a converted building with parking.
    Where is this office space located?
    The property is located at 288 Walnut 4 Newton, MA.
    What are key features of this property?
    This property features: - Commuter rail stop directly at the building for easy access.; - High walk score (88) indicating a very walkable area.; - Supermarket across the street for convenient errands.
    (617) 487-8015
    Request Owner's contact information
    288 Walnut 4 Newton, MA 02460
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    288 Walnut 4
    Newton, MA 02460
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    288 Walnut 4 Newton, MA 02460
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Adam Kotkin
    (617) 487-8015
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.