Office Unit with
60 Austin St #303, Newton, MA 02460
For Sale
Contact for pricing
Professional office space with on-site parking and access to nearby restaurants, shops, and cafes.
Property Size2,250 SF
Price / SF$2.00
Days on Market62
Property Features for 60 Austin St #303
General Information
Standard status
Size
Elevators
Building Details
Year Built
Listing Agency:
JMJ Commercial Realty, Inc.
Listed By:
Joshua Seadia
(617) 605-5674
Source:
Lockandkeyre
Added: Sep 10
Changed: Nov 8
Last Checked: Nov 8 at 6:06AM
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 JMJ Commercial Realty, Inc.
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Investment Insights
Based on property information with market context.
Office Unit 303 at 60 Austin St. provides approximately 2,250 square feet for professional office use. The building was constructed in 1970 and does not have an elevator. On-site parking is available for occupants and visitors.
The property is walkable to restaurants, shops, and cafes in Newton, Massachusetts, providing convenient access to nearby services and amenities.
The property is walkable to restaurants, shops, and cafes in Newton, Massachusetts, providing convenient access to nearby services and amenities.
Key Highlights
- Approximately 2,250 SF of office space
- On‑site parking available
- Walkable to restaurants, shops, and cafes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,393
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,427,860
$1.4M
Cap Rate 7%
$1,019,900
$1.0M
Cap Rate 9%
$793,256
$793.3K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$122.0K $54.24/SF
− Vacancy
−$26.8K −$11.93/SF
EGI
$95.2K $42.31/SF
− OpEx
−$23.8K −$10.58/SF
NOI
$71.4K $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%
$1,427,860
Cap Rate 7%
$1,019,900
Cap Rate 9%
$793,256
Alternative Uses
Best Use
Office B
$1.02M
$892.4K – $1.19M
NOI $71,393 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.17M – $1.55M
NOI $93,239 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,221
Businesses Nearby
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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
$1,124,300
Median Home Value
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Market
Average Price Trend$/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 - Professional office space with on-site parking and access to nearby restaurants, shops, and cafes.
Where is this office unit located?
The property is located at 60 Austin St #303 Newton, MA.
What are key features of this property?
This property features: Approximately 2,250 SF of office space; On‑site parking available; Walkable to restaurants, shops, and cafes
