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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Office buildings
701 Washington St Newton, MA 02458-1386
Entity Owned
5-yr Hold
Free & Clear
Property ID
US38-1533276
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1935
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,137 SF
Lot
0.09 ac (3,851 SF)
Zoning code
BU2
APN
NEWT S:23 B:019 L:0001C
UPID
US38-1533276
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
-
The Presti Group Inc. | Newton Office | Marie Presti Broker/Owner Real Estate Agency
-
The Presti Group Real Estate Agency
-
Marie Presti, The Presti Group, Inc. Real Estate Agency
-
PMI Prestige Property Management Company
-
Prince Edward V DPM Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$785k
Owner & transaction history
Washington Street 701 LLC · 5 yrs held
Washington Street 701 LLC
since 2020
Last sale
$750,000
6 recorded transactions
Zoning & alternative use
BU2 · Newton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the zone to promote business uses
Zone name
Business 2
General category
COMMERCIAL
Zone area
82.81 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Newton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$800,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $750k (Aug 4 2020)
Last sale anchor
$750k
Aug 4 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$110 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$20,564
Tax year 2024
Assessed value
$1,121,900
Assessed 2024
Previous assessed
$1,174,900
-4.5% YoY
Effective rate
1.83%
On assessed value
Assessed land
$384,100
Assessed improvement
$737,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1935
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
4
Rooms
4
Bathrooms
2
Total area
7,137 SF
Lot
0.09 ac (3,851 SF)
Zoning code
BU2
APN
NEWT S:23 B:019 L:0001C
UPID
US38-1533276
Jurisdiction
NEWTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BU2 · Newton, MAZoning BU2 · permitted uses
BU2 · Newton, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the zone to promote business uses
Zone name
Business 2
General category
COMMERCIAL
Zone area
82.81 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1935
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
4
Rooms
4
Bathrooms
2
Lot
0.09 ac
Current owner
From public records · entity-resolved
Washington Street 701 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
36 LINCOLN ST, BRIGHTON, MA 02135-1408
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2020
—
Washington Street 701 LLC
Wa Street 701
Quit Claim Deed
related
—
Jan 2, 2003
$750,000
701 Washington RT
Kari RT
Grant Deed
$562,500 · Auburndale Coop Bank
Jun 21, 2000
—
Kari RT
—
Deed Of Trust
related
$360,000 · Auburndale Coop Bank
Feb 2, 1998
—
Kari RT
—
Deed Of Trust
related
$20,000 · Lexington Savings Bank
Jun 27, 1997
$390,000
Kari RT
701 Washington St RT
Grant Deed
$275,000 · Lexington Savings Bank
May 13, 1996
—
701 Washington St. RT
—
Deed Of Trust
related
$255,000 · Lexington Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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