Stand-Alone Personal Services
400 Homer St Newton, MA 02459
400 Homer St, Newton, MA, 02459
$950,000
For Sale
$950,000
Stand-alone direct-entry space with on-site parking for five and dual hair-wash stations, licensed for personal services with approval.
Property Size1,200 SF
Lot Size0.09 Acres
Price / SF$791.67
Days on Market161
Property Features for 400 Homer St
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Lot size
- 0.09 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing agency
CRG Commercial
(617) 393-4200
Listed by
Thomas Slayton
Source
Arborviewrealtyinc
Added: Feb 10 Updated: Jul 21 at 2:56AM Checked: Jul 21 at 2:56AM
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 CRG Commercial
Investment Insights
Based on property information with market context.
This stand-alone, direct-entry commercial property is currently set up for a beauty spa providing personal services, with City of Newton approval through a special permit. The building is licensed for “any and all personal services” and includes 1 1/2 bathrooms and dual hair washing stations. The space is described as being in immaculate move-in condition, with some recent upgrades. The layout also supports office use for small professional practices such as a psychologist, attorney, architect, or other similar business.
The parcel is zoned SR2 for residential use with a special permit for commercial activity. The new owner has the right to build or expand to a 1,787 SF single-family home on the lot. On-site parking is available for five vehicles, and there is additional free on-street parking nearby.
A single small-footprint, direct-entry facility with parking and flexible small-business setup, currently operating as a personal services use under an approved special permit.
The parcel is zoned SR2 for residential use with a special permit for commercial activity. The new owner has the right to build or expand to a 1,787 SF single-family home on the lot. On-site parking is available for five vehicles, and there is additional free on-street parking nearby.
A single small-footprint, direct-entry facility with parking and flexible small-business setup, currently operating as a personal services use under an approved special permit.
Key Highlights
- Stand‑alone, direct‑entry property in Newton Centre across from City Hall and down the block from the Main Library
- Residential zoning (SR2) with special permit approved for commercial personal services; licensed for any and all personal services
- Right to build/expand to a 1,787 SF single‑family home on a 3,885 SF lot
Local Financial Insights For Office B
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 | $65.1k | $54.24 |
| − Vacancy | −$14.3k | −$11.93 |
| EGI | $50.8k | $42.31 |
| − OpEx | −$12.7k | −$10.58 |
| NOI | $38.1k | $31.73 |
1,200 SF · lease $54.24/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$543.9K
$476.0K – $634.6K
NOI $38,076 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$710.4K
$621.6K – $828.8K
NOI $49,728 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hustlestop
Hair Salon
Ylara Bakery
Bakery
Salon Four Hundred
Hair Salon
Similar For Sale Nearby
Similar Off Market Nearby
- Japanese Acupuncture Center — 846 Walnut St, Newton, MA 02459
- Natalia Muina L.ac. — 846 Walnut St, Newton, MA 02459
- Patricia Leydon — 44 Grove Hill Park, Newton, MA 024602304
- Serenity Detox Information — Beacon St, Newton, MA 02461
FAQs
What type of property is this?
Spa & wellness property - Stand-alone direct-entry space with on-site parking for five and dual hair-wash stations, licensed for personal services with approval.
Where is this spa & wellness property located?
The property is located at 400 Homer St Newton, MA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Stand‑alone, direct‑entry property in Newton Centre across from City Hall and down the block from the Main Library; Residential zoning (SR2) with special permit approved for commercial personal services; licensed for any and all personal services; Right to build/expand to a 1,787 SF single‑family home on a 3,885 SF lot
