Downtown Needham Freestanding Retail
315-317 Chestnut St Needham, MA 02492
315-317 Chestnut St, Needham, MA, 02492
$2,600,000
For Sale
$2,600,000
Corner building with parking in downtown Needham, Massachusetts.
Property Size6,300 SF
Price / SF$412.70
Days on Market82
Property Features for 315-317 Chestnut St
General Information
- Standard status
- Active
- Size
- 6,300 SF
Building Details
- Year Built
- 1950
Listing Agency
Eastern Land Company
Listed by
Stephen R Pleines
Source
Dohertyproperties
Added: Apr 27 Checked: Jul 17 at 3:20 am
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 Eastern Land Company
Investment Insights
Based on property information with market context.
A corner, free-standing building is available for sale in downtown Needham, Massachusetts. The property includes on-site parking and has a size of 6,300 square feet.
Key Highlights
- Free‑standing building
- Corner lot location
- Onsite parking
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $157.2k | $24.96 |
| − Vacancy | −$4.1k | −$0.65 |
| EGI | $153.2k | $24.31 |
| − OpEx | −$45.9k | −$7.29 |
| NOI | $107.2k | $17.02 |
6,300 SF · lease $24.96/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.53M
$1.34M – $1.79M
NOI $107,212 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.73M
$3.26M – $4.35M
NOI $261,070 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Corner building with parking in downtown Needham, Massachusetts.
Where is this storefront property located?
The property is located at 315-317 Chestnut St Needham, MA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Free‑standing building; **Corner lot location**; Onsite parking
