Building Details

Year Built 1950

Year Renovated 2024

Buildings 1

Stories 3

Listing Agency: 128 CRE Commercial Real Estate Agency

Listed By: Jeremy Freid · License #MA 9089542-RE-B Show Phone

Source: Crexi

Added: Oct 4, 2024 Changed: Oct 3 Last Checked: Oct 4 at 6:38AM

Report an Issue

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 128 CRE Commercial Real Estate Agency

Investment Insights

Based on property information with market context.

Located at 950 Boylston Street in Newton, this three-story brick building offers a commercial property opportunity in the Route 128 corridor. The building totals 4,752 square feet on a 5,175 square foot lot. The property is positioned on Route 9, providing access to restaurants, amenities, and public transportation. It is located between the Eliot Green Line station (0.3 miles) and the Newton Highlands Green Line station (0.5 miles). The site also benefits from highway access, located 2 miles off I-95. Amenities and lunch options are available along Needham Street and in the Newton Highlands Village. The property includes an AT&T cellular lease, with further details available upon request.

Key Highlights

• Prime commercial property in the heart of the thriving Newton market.
• Three‑story brick building totaling 4,752 sq. ft. on a 5,175 sq. ft. lot.
• Ideal for office tenants looking to transition from renting to owning.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$150,783

Cap Rate

7.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,015,660 $3.0M

Cap Rate 7%

$2,154,043 $2.2M

Cap Rate 9%

$1,675,367 $1.7M

Market Conditions

NOI Build-Up for 4,752 SF

Gross rent

$257.7K $54.24/SF

− Vacancy

−$56.7K −$11.93/SF

EGI

$201.0K $42.31/SF

− OpEx

−$50.3K −$10.58/SF

NOI

$150.8K $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%

$3,015,660

Cap Rate 7%

$2,154,043

Cap Rate 9%

$1,675,367

Alternative Uses

Best Use

Office B

$2.15M

$1.88M – $2.51M (±1% cap)

NOI $150,783 @ 7.0% cap · market cap 7.18%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.81M

$2.46M – $3.28M (±1% cap)

NOI $196,922 @ 7.0% cap · market cap 9.38%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Capstone Communities LLC Property Management Company Muscle Inc With ... Alternative Medicine Practice New England Insurance ... Insurance Agency Bayassociates General Contractor Adamation Inc Big Box & Wholesale Store

Suggested Use

Top Pick Grocery & Convenience Store Food Market Auto Parts Store Cosmetic Store Electrical Service Parking Lot & Garage

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

Location Intelligence

Trade Area within ½ mile

1,042

Businesses Nearby

Explore this area Business Placement

Demographics for 02461, MA

7,430

Population

2,785

Households

2.7

Avg Household Size

44

Median Age

88%

College-Educated

97%

High-School Grad

1.5 sq mi

ZIP Area

4,953

Density / Sq Mi

$207,292

Median Household Income

$101,850

Median Earnings

$3,026

Median Rent

$1,154,500

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Freestanding Office Building

132 Charles St, Newton, MA 02466

$4,950,000

19,500 SF

View details

Five-Building Mixed-Use Portfolio

93-105 Union Street, Newton, MA 02459

Contact for pricing

126,802 SF

View details

Mixed-Use Portfolio in Newton

262 Adams St, Newton, MA 02458

$1,999,999

4,500 SF

View details

Townhome with Private Roof Deck

444 Lowell Ave Unit 444, Newton, MA 02460

$2,449,000

4,214 SF

View details

Historic Office Suite in Victorian

379 Central Street, Newton, MA 02466

$1,995,000

0.75 Acres

View details

Three-Family Property Requiring Renovation

126 Charles St, Newton, MA 02466

$1,700,000

4,158 SF

View details

New Construction Duplex

25-27 High Street, Newton, MA 02461

$3,916,000

3,927 SF

View details

Two-Family Residential Income Property

7 Westbourne Road, Newton, MA 02459

$1,875,000

2,908 SF

View details

Horse

20 Chester St UNIT 2, Unit 2, Newton, MA 02466

$1,000,000

6,000 SF

View details

Luxury Residence with Finished Lower Level

1640 Commonwealth Ave, Newton, MA 02465

$4,699,000

6,556 SF

View details

Three-Unit Multifamily Property

460 Watertown St, Newton, MA 02460

$1,215,000

2,706 SF

View details

Service Station with Three Bays

911 Washington St, Newton, MA 02460

$2,500,000

1,802 SF

View details

Frequently Asked Questions

What type of property is this?

Office building - Three-story office building in Newton with income potential.

Where is this office building located?

The property is located at 950 Boylston St Newton, MA.

What is the asking price?

The asking price for this property is $2,100,000.

What are key features of this property?

This property features: Prime commercial property in the heart of the thriving Newton market.; Three‑story brick building totaling 4,752 sq. ft. on a 5,175 sq. ft. lot.; Ideal for office tenants looking to transition from renting to owning.