First-Floor Office
175 California Street #Office, Newton, MA 02458
For Sale
Contact for pricing
Reception space, three private offices, and a half bath form a compact workplace layout.
Property Size4,600 SF
Price / SF$0.61
Days on Market10
Property Features for 175 California Street #Office
General Information
Standard status
Size
Total Parking Spaces
Additional Details
Floor
Highway Access
Property Use
Building Details
Year Built
Listing Agency:
Pacesetters Real Estate
(781) 589-8990
Listed By:
Marie Monaco
(617) 974-3019
Source:
Lockandkeyre
Added: Oct 30
Changed: Nov 6
Last Checked: Nov 6 at 8:59AM
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 Pacesetters Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Newton office unit occupies the first floor and is arranged with a reception area, three offices, and a half bath. The property dates to 1920 and includes two assigned parking spaces, with additional street parking described as readily available.
The property is near Watertown Square and offers access to the Massachusetts Turnpike, Route 2, Route 95, Cambridge, and Boston.
The property is near Watertown Square and offers access to the Massachusetts Turnpike, Route 2, Route 95, Cambridge, and Boston.
Key Highlights
- First‑floor office unit in Newton
- Reception area, three offices, and a half bath
- Two assigned on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,960
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,919,200
$2.9M
Cap Rate 7%
$2,085,143
$2.1M
Cap Rate 9%
$1,621,778
$1.6M
Market Conditions
NOI Build-Up for 4,600 SF
Gross rent
$249.5K $54.24/SF
− Vacancy
−$54.9K −$11.93/SF
EGI
$194.6K $42.31/SF
− OpEx
−$48.7K −$10.58/SF
NOI
$146.0K $31.73/SF
Area
Middlesex County, MA
Vacancy
22.00%
Lease Rate
$54.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,919,200
Cap Rate 7%
$2,085,143
Cap Rate 9%
$1,621,778
Alternative Uses
Best Use
Office B
$2.09M
$1.82M – $2.43M
NOI $145,960 @ 7.0% cap · market cap 5,212.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.72M
$2.38M – $3.18M
NOI $190,623 @ 7.0% cap · market cap 6,807.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,250
Businesses Nearby
Explore this area
Business Placement
Demographics for 02458, MA
12,817
Population
5,238
Households
2.4
Avg Household Size
40
Median Age
76%
College-Educated
97%
High-School Grad
2.0 sq mi
ZIP Area
6,409
Density / Sq Mi
$151,782
Median Household Income
$72,008
Median Earnings
$2,313
Median Rent
$1,116,600
Median Home Value
Market
Average Price Trend$/SF for Office Units in Newton, MA
Properties on Market for Office Units in Newton
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Reception space, three private offices, and a half bath form a compact workplace layout.
Where is this office unit located?
The property is located at 175 California Street #Office Newton, MA.
What are key features of this property?
This property features: First‑floor office unit in Newton; Reception area, three offices, and a half bath; Two assigned on‑site parking spaces
