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    69 Adams St Newton, MA 02458
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    69 Adams St Newton, MA 02458

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    • Office Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Body Resolutions / Gym & Fitness Center
    • Mass Polymers Corporation / Factory / Production Facility
    • Rolling Releaf: Weed Delivery Dispensary Greater Boston, MA / (Bike/Boat/Book/etc) Store

    Property Details for 69 Adams St

    Property type
    Office Spaces
    Property subtype
    Office Units

    Description

    This exceptional 1,023 square foot office space, located at 69 Adams St in Newton, Massachusetts, is available for lease. Situated on the second floor, this traditional office features a bright and spacious open workspace, complemented by three separate private offices, providing ample room for individual work or team collaboration. Two private bathrooms add to the convenience and privacy of this well-appointed space. The lease includes three dedicated parking spaces, a significant advantage in this desirable location. The property's prime location offers easy access to a wide array of shops and restaurants, catering to the needs of both employees and clients. Public transportation is also readily available, enhancing the accessibility of this location. Its proximity to Washington Street ensures convenient access to major roadways, including the Mass Pike (I-90) and Route 95/128, as well as the Newtonville commuter rail, making commuting a breeze. This versatile space is ideal for a variety of businesses seeking a comfortable, functional, and well-located office environment. The monthly rent is $2,500, plus expenses. Middlesex County location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2045
    Latitude
    42.3614

    Comparable in this City

    • Value Estimation by Request
      185,000 SF

      300 Washington St

      Office Units • 185,000 SF
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    • Value Estimation by Request
      420 SF

      268 Ctr St, Unit 1

      CONDOMINIUM OFFICES • 420 SF
      268 Ctr St, Newton, MA 02458-1618
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    • Value Estimation by Request
      458 SF

      268 Ctr St, Unit 2

      CONDOMINIUM OFFICES • 458 SF
      268 Ctr St, Newton, MA 02458-1618
      View Details
    • Value Estimation
      $545,000
      1,796 SF

      413 Watertown St

      OFFICE BUILDING • 1,796 SF
      413 Watertown St, Newton, MA 02458-1113
      View Details
    • Value Estimation
      $21,390,000
      140,228 SF

      235241 Washington St

      OFFICE BUILDING • 140,228 SF
      235241 Washington St, Newton, MA 02458-1637
      View Details
    • Value Estimation
      $1,365,000
      6,132 SF

      8 Midland Ave

      OFFICE BUILDING • 6,132 SF
      8 Midland Ave, Newton, MA 02458-1021
      View Details

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    69 Adams St
    Newton, MA 02458
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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