175R California Street, Newton, MA 02458

Building Details

Year Built 1920 More

Buildings 1 More

Stories 1 More

Building Size 3,000 SF More

Construction cement block More

Listing Agency: Pacesetters Real Estate Show Phone

Listed By: Marie Monaco Show Phone

Source: Lockandkeyre

Added: Oct 30 Changed: Nov 8 Last Checked: Nov 10 at 7:29AM

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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

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This freestanding, single-story flex building offers approximately 3,000 square feet of open interior space, arranged with three offices and two half baths. Construction includes a cement-block exterior, cement flooring, and a rubber roof. The building has a 12-foot ceiling and one drive-in door measuring 12 feet high by 10 feet wide. Built in 1920, it is zoned manufacturing-commercial-mixed use.

Four assigned on-site parking spaces are provided, with additional street parking available.

Key Highlights

• Approximately 3,000 square feet of interior space with three offices and two half baths
• One drive‑in door measuring 12 feet high by 10 feet wide
• 12‑foot ceiling height

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$156,712

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,134,240 $3.1M

Cap Rate 7%

$2,238,743 $2.2M

Cap Rate 9%

$1,741,244 $1.7M

What to ask about pricing

Market Conditions

NOI Build-Up for 31,600 SF

Gross rent

$257.9K $8.16/SF

− Vacancy

−$16.8K −$0.53/SF

EGI

$241.1K $7.63/SF

− OpEx

−$84.4K −$2.67/SF

NOI

$156.7K $4.96/SF

Area

Middlesex County, MA

Vacancy

6.50%

Lease Rate

$8.16 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,134,240

Cap Rate 7%

$2,238,743

Cap Rate 9%

$1,741,244

Alternative Uses

Best Use

Industrial

$4.83M

$4.22M – $5.63M (±1% cap)

NOI $337,905 @ 7.0% cap

Second Best

Flex RnD

$2.24M

$1.96M – $2.61M (±1% cap)

NOI $156,712 @ 7.0% cap

Theoretical Best

Office A

$18.71M

$16.37M – $21.82M (±1% cap)

NOI $1,309,496 @ 7.0% cap

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Restaurant Grocery & Convenience Store Pharmacy Hotel & Motel Building Supply Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12 ft

Clear height

1

Drive-in doors

Location Intelligence

Trade Area within ½ mile

2,250

Businesses Nearby

Under-served

Demand for This Use

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 Flex space in Middlesex County, MA

$321 Jul

$363 Aug

$347 Sep

$386 Oct

Properties on Market for Flex space in Middlesex County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Flex space - The open interior includes three offices, two half baths, and a drive-in door.

Where is this flex space located?

The property is located at 175R California Street Newton, MA.

What are key features of this property?

This property features: Approximately 3,000 square feet of interior space with three offices and two half baths; One drive‑in door measuring 12 feet high by 10 feet wide; 12‑foot ceiling height