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    Property profile & analytics

    Chestnut St Needham, MA 02492

    • Commercial real estate
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Chestnut St

    Year built
    1899
    Property type
    Commercial real estate

    Description

    This exceptional commercial property presents a rare opportunity to acquire a +/- 1,200 square foot street-level commercial condominium in the heart of Needham, MA. The unit boasts a highly desirable location within a freestanding commercial building, ensuring excellent visibility and accessibility for your business. Adding significant value is the inclusion of a +/- 1,200 square foot full basement, accessible via its own exclusive entrance. This expands the total usable commercial space to approximately 2,400 square feet, providing ample room for a variety of business operations. The property also offers the convenience of ten or more on-site parking spaces, a significant advantage in a high-demand area like Needham. The ground floor space is adaptable and suitable for numerous commercial uses, making it an ideal investment for entrepreneurs and established businesses alike. Its prime location in Needham ensures high foot traffic and easy access to a thriving community. This is a unique opportunity to secure a well-situated, versatile commercial space with substantial square footage and ample parking. The property is priced at $950,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Needham
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.237
    Latitude
    42.28

    Comparable in this City

    • Value Estimation by Request
      0.09 Acres

      961 Great Pln Ave

      COMMERCIAL (GENERAL) • 0.09 Acres
      961 Great Pln Ave, Needham, MA 02492
      View Details
    • Value Estimation by Request

      Chestnut St

      Commercial real estate
      Chestnut St, Needham, MA 02492
      View Details
    • Value Estimation
      $340,000
      0.14 Acres

      81 Chapel St

      COMMERCIAL (GENERAL) • 0.14 Acres
      81 Chapel St, Needham, MA 02492-2601
      View Details
    • Value Estimation
      $560,000
      11,016 SF

      1215 Highland Ave

      COMMERCIAL (GENERAL) • 11,016 SF
      1215 Highland Ave, Needham, MA 02492
      View Details
    • Value Estimation by Request

      105 Chestnut 35

      Commercial real estate
      105 Chestnut 35, Needham, MA 02492
      View Details
    • Value Estimation
      $655,000
      6,855 SF

      50 Marsh Rd

      COMMERCIAL (GENERAL) • 6,855 SF
      50 Marsh Rd, Needham, MA 02492-2424
      View Details

    Similar Nearby for Sale

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      Needham Center Freestanding Commercial Building

      Well-maintained commercial building in high-demand location with strong tenants.
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      Needham Office Condo For Sale

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      18,976 SF

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      Fully leased mixed-use building in the heart of downtown Needham.
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    Similar Nearby for Lease

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      8,335 SF

      Needham Office Space For Rent

      8,335 SF office space available in Needham, MA.
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    Chestnut St
    Needham, MA 02492
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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
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