Full-Floor Office Unit with Elevator
288 Walnut #6, Newton, MA 02460
For Sale
New
Contact for pricing
A private professional suite combines a multi-office layout with shared common space.
Property Size4,000 SF
Price / SF$0.01
Days on Market4
Property Features for 288 Walnut #6
General Information
Standard status
Size
Elevators
Space & Availability
Floor
Condition
Additional Details
Public Transit
Property Use
Listing Agency:
Red Tree Real Estate
(617) 487-8015
Listed By:
Adam Kotkin · License MA RE-B-9510337
(617) 694-7356
Source:
Lockandkeyre
Added: Nov 10
Changed: Nov 13
Last Checked: Nov 12 at 2:25PM
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 Red Tree Real Estate
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Investment Insights
Based on property information with market context.
This 4,000-square-foot office unit occupies an entire floor and has its own direct elevator access. The current layout includes 10 offices and a large common area. The property is in a former church converted to professional offices in the 1980s, with a recent renovation.
A commuter rail stop is located at the property, and a supermarket is a short walk away. Off-street parking is available, with additional on-street parking across from the building. The surrounding neighborhood has a Walk Score of 88.
A commuter rail stop is located at the property, and a supermarket is a short walk away. Off-street parking is available, with additional on-street parking across from the building. The surrounding neighborhood has a Walk Score of 88.
Key Highlights
- Full‑floor office unit measuring 4,000 square feet
- 10 offices and a large common area
- Direct elevator access to the private floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,922
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,538,440
$2.5M
Cap Rate 7%
$1,813,171
$1.8M
Cap Rate 9%
$1,410,244
$1.4M
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$217.0K $54.24/SF
− Vacancy
−$47.7K −$11.93/SF
EGI
$169.2K $42.31/SF
− OpEx
−$42.3K −$10.58/SF
NOI
$126.9K $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%
$2,538,440
Cap Rate 7%
$1,813,171
Cap Rate 9%
$1,410,244
Alternative Uses
Best Use
Office B
$1.81M
$1.59M – $2.12M
NOI $126,922 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,759 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,238
Businesses Nearby
Explore this area
Business Placement
Demographics for 02460, MA
9,204
Population
4,171
Households
2.2
Avg Household Size
43
Median Age
78%
College-Educated
98%
High-School Grad
1.3 sq mi
ZIP Area
7,080
Density / Sq Mi
$154,329
Median Household Income
$82,458
Median Earnings
$2,606
Median Rent
$1,124,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - A private professional suite combines a multi-office layout with shared common space.
Where is this office unit located?
The property is located at 288 Walnut #6 Newton, MA.
What are key features of this property?
This property features: Full‑floor office unit measuring 4,000 square feet; 10 offices and a large common area; Direct elevator access to the private floor
