Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Newton Centre Retail Space Title is generated by Realmo AI

    1239-1243 Centre St, Newton, MA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space with front/back entrances, loading dock, ample parking.

    Type:RETAIL
    Property size:
    3,000 SF
    Lot size:
    0.21 Acres
    Added:
    Apr 3, 2023
    Days on Market:
    1145
    Last Refresh:
    Apr 5 at 10:39 pm

    Property Features for 1239-1243 Centre St

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Lot size
    0.21 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1239-1243 Centre St Contact us

    We can help!

    Listing Contact
    Matt Sieckhaus
    Matt Sieckhaus

    Listing agent Matt Sieckhaus

    Listing office Linear Retail

    Listing date Apr 3, 2023

    Source Moodyscre

    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 Linear Retail

    HighLights

    • Prime location: West side of Newton Centre triangle, next to Centre Street/Beacon Street intersection.
    • Located in Newton Centre at 1241 Centre Street.
    • Ample parking: 8 dedicated off‑street spaces plus 315+ municipal spaces nearby.
    • 3,000 SF of storage available.
    • Front and back entrances plus loading dock.
    • Close proximity to retailers such as Starbucks, CVS, and Eastern Bank.

    Overview

    This retail space, located at 1241 Centre Street in Newton Centre, offers 3,000 square feet of storage. Situated on the west side of the Newton Centre triangle, the property is next to the Centre Street and Beacon Street intersection. It features both front and back entrances, along with a loading dock in the rear. Ample parking is available, including 8 dedicated off-street spaces, supplemented by nearby municipal lots providing over 315 spaces. Area retailers include Starbucks, Coldwell Banker, CVS, Eastern Bank, Mr. Sid, and Alan Bilzerian.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1949
    Latitude
    42.3308

    Nearby Similar for Lease

    • Sponsored
      $129-$9,081/Mo
      11-1,292 SF

      Newton

      275 Grove St, Unit 2-400, Newton, MA 02466
      View Details
    • $38 SF/Yr
      8,041 SF

      Corner Office Suite For Lease

      Premier office suite in Newton Corner with abundant natural light.
      313 Washington St #401, Newton, MA 02458
      View Details
    • $995/Mo
      300 SF

      Professional Office Space in Newton

      Individual office suites available for rent in West Newton.
      1075 Washington St, Newton, MA 02465
      View Details
    • $17 SF/Yr
      4,500 SF

      Versatile Commercial Space Near Turnpike

      Mixed-use commercial space with office, storage, and loading bay.
      227 California Street, Newton, MA 02458
      View Details
    • $49 SF/Yr
      3,000 SF

      Retail Space in Newtonville Heart

      Retail space with new storefront, HVAC, and ample frontage.
      304-306 Walnut St., Newton, MA 02460
      View Details
    • $32 SF/Yr
      700 SF

      Office Suite in Converted Church

      First-floor office suite in Newton, near transportation and amenities.
      288 Walnut #1, Newton, MA 02460
      View Details
    • $37 SF/Yr
      13,600 SF

      Newton Office Space Available

      Office suites available, ranging from 775 to 13,600 SF.
      300 Washington Street, Newton, MA 02458
      View Details
    • $25 SF/Yr
      700 SF

      Newton Office Suite For Rent

      Office suite in converted church building with excellent transit access.
      288 Walnut #1st, Newton, MA 02460
      View Details
    • $38 SF/Yr
      8,041 SF

      Corner Office Suite in Newton

      Premier office suite with abundant natural light and amenities.
      313 Washington St #401, Newton, MA 02458
      View Details
    • $32 SF/Yr
      20,000 SF

      Newton Office/Flex/R&D Space Available

      Office, Flex, and R&D space available for lease.
      150 California Street, Newton, MA 02458
      View Details
    • $3,900/Mo

      Renovated Office Suites in Newton

      Spacious, bright office suites for lease in Newton Centre.
      15 Cypress St #301, Newton, MA 02459
      View Details
    • $35 SF/Yr
      2,983 SF

      Ready Office Space For Lease

      Move-in ready office space available for lease.
      70 Wells Avenue, Newton, MA 02459
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with front/back entrances, loading dock, ample parking.
    Where is this retail space located?
    The property is located at 1239-1243 Centre St Newton, MA.
    What are key features of this property?
    This property features: Prime location: West side of Newton Centre triangle, next to Centre Street/Beacon Street intersection.; Located in Newton Centre at 1241 Centre Street.; Ample parking: 8 dedicated off‑street spaces plus 315+ municipal spaces nearby.
    (781) 273-5665 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Matt Sieckhaus
    Matt Sieckhaus
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1239-1243 Centre St, Newton, MA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!