Financial
Distress signals
Property profile

315 Chestnut St Needham, MA 02492

FOR SALE
Retail space
Property ID
US38-1387823
4,800 SF 0.17 ac lot Built 1950
Last sale May 2022 · $1,550,000
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional investment opportunity presents a freestanding, two-story corner retail building located at 315-317 Chestnut Street in Needham, Massachusetts, within Norfolk County. The property boasts a total of 1,200 to 6,500 square feet of space, distributed across three commercial condo units within a single building, situated on an 8,000 square foot lot. Currently operating at 100% occupancy since January 1st, 2024, this property offers a strong, immediate return on investment. The

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$29k
Tax billed · 2024
Assessed value$1.17M
Assessed land$596k
Assessed improvement$574k
Effective rate2.46%

Value estimate

· Sep 2026
$1.69M
$1.52M – $1.86M
AI approach$1.62M
CAP approach$1.26M
Sales comparison$2.12M

Realmo valuation models over county records and 23 qualifying comparable sales.

Recently sold

What actually traded nearby?
$293/SF
County average, outlier-cleaned · 159 recorded sales of this use type
Observed band · Q1–Q3$159 – $441
Qualifying comparables23

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CS
JurisdictionNEEDHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant15.2
Wholesale Shop13.7
Cafe & Coffee Shop12.1

Location

315 Chestnut St Needham, MA 02492
County assessor Recorded deeds · 6 transfers 23 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
329 Chestnut, Needham, MA 02492-2408 $1,925,000 Dec 2025 7,770 SF
283 Chestnut, Needham, MA 02492-2406 $130,000 Apr 2025 6,862 SF
459 Great Pln, Needham, MA 02492-3727 $500,000 Oct 2024 2,774 SF
990 Great Pln, Needham, MA 02492-2508 $650,000 Mar 2023 19,068 SF
173 Chestnut, Needham, MA 02492 $2,725,000 Oct 2022 2,145 SF
168 Gdn, Needham, MA 02492-2321 $1,350,000 Oct 2018 4,200 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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