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    655 Saw Mill Brook Pkwy Newton, MA 02459

    Sponsored
    For Sale
    $739,000

    Prime Newton location, 1,962 SF, 13 parking spaces.

    Property size:
    1,962 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 1,962 square foot office/retail condo in Newton, Massachusetts, located at 655 Saw Mill Brook Pkwy, 02459. The property boasts a 5.41% capitalization rate and a strong net operating income (NOI) of $40,000, with 100% occupancy across its two tenants. Priced at $739,000 ($376.66 per square foot), this single-story, single-unit building offers a rare combination of features. The fully renovated interior features a flexible floor plan, multiple spacious corner offices, updated bathrooms, and a kitchen. A significant advantage is the ample on-site parking, with 13 off-street spaces, a rare find in this desirable location. The bright, first-floor end unit benefits from excellent natural light through numerous windows, providing high visibility and ideal signage opportunities. Its location adjacent to similar commercial condos further enhances its appeal. This property is suitable for a long-term investment or owner-occupancy for retail or office use. Potential buyers are advised to conduct their own due diligence regarding permitted uses and environmental factors. Further inquiries regarding environmental aspects are welcome.

    Property Features for 655 Saw Mill Brook Pkwy

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,962 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Excellent natural light through numerous windows.
    • Fully renovated interior with flexible floor plan.
    • Ample on‑site parking (13 spaces).
    • Prime Newton, MA location (655 Saw Mill Brook Pkwy, 02459).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.186613822213
    Latitude
    42.291109315355

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Newton location, 1,962 SF, 13 parking spaces.
    Where is this office property / space located?
    The property is located at 655 Saw Mill Brook Pkwy Newton, MA.
    What is the asking price?
    The asking price for this property is $739,000.
    What are key features of this property?
    This property features: Excellent natural light through numerous windows.; Fully renovated interior with flexible floor plan.; Ample on-site parking (13 spaces).
    (617) 843-5685
    Request Owner's contact information
    655 Saw Mill Brook Pkwy Newton, MA 02459
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    Newton, MA 02459
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    655 Saw Mill Brook Pkwy Newton, MA 02459
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