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    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 1,200 square foot commercial condominium is ideally situated on a corner lot in the heart of Needham, Massachusetts. Located in a freestanding commercial building, this street-level unit offers unparalleled visibility and accessibility for a wide range of businesses. The property boasts convenient access to ample parking, with ten or more spaces available on-site, ensuring ease of access for both customers and employees. This ground floor space presents a fantastic opportunity for entrepreneurs and established businesses alike. Its prime location in a highly desirable area of Needham guarantees high foot traffic and strong visibility. The flexible layout allows for customization to suit various business needs, making it an adaptable and versatile commercial space. The asking price of $850,000 reflects the exceptional value and potential of this property. This is a rare opportunity to acquire a well-located, street-level commercial condo in a thriving community. The building's convenient location and ample parking make it an attractive option for a variety of commercial uses. Don't miss this chance to secure a prime commercial space in the sought-after town of Needham. Serious inquiries only.

    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 by Request

      105 Chestnut 35

      Commercial real estate
      105 Chestnut 35, 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

      Chestnut St

      Commercial real estate
      Chestnut St, Needham, MA 02492
      View Details

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    Similar Nearby for Lease

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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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