Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10 Charles St Needham, MA 02494-2906

    • Showrooms
    • 8,349 SF
    • 0.93 lot acres
    OFF-MARKET
    Value Estimations
    $1,730,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1039937
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Louro Training / Gym & Fitness Center
    • CrossFit ONE Nation - Needham / Gym & Fitness Center
    • Artisan Dance Academy LLC / Training Center
    • Phoenix Rising Strength & Fitness / Gym & Fitness Center
    • Dan and Ben Production Company / Tech Support Center / Rental Equipment Company

    Property Details for 10 Charles St

    Year built
    1961
    Lot size
    0.93 lot acres
    Property size
    8,349 SF
    Zone code
    IND
    Property type
    Showrooms
    APN
    NEED M:075.0 B:0023 L:0000.0
    APU
    NEEDM0750B0023L00000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,345,000
      6.5%
      $1,240,000
      7%
      $1,150,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,651,000
      Market price range: $350k - $1.65M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,135,000
      Current use
      AUTO REPAIR, GARAGE
      $2,690,000
      Change: +26% Conversion: Difficult
      RETAIL STORES
      $2,445,000
      Change: +14% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $2,400,000
      Change: +12% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Needham
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.2233
    Latitude
    42.3068
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $90,188
    $2,399,200
    $1,104,600
    $3,503,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,505,000
      9,605 SF

      155 Reservoir St

      SHOW ROOM, WAREHOUSE • 9,605 SF
      155 Reservoir St, Needham, MA 02494-3141
      View Details
    • Value Estimation by Request
      2,106 SF

      407 Central Ave

      SHOW ROOM, WAREHOUSE • 2,106 SF
      407 Central Ave, Needham, MA 02494
      View Details
    • Value Estimation
      $1,915,000
      15,422 SF

      15 Kearney Rd

      SHOW ROOM, WAREHOUSE • 15,422 SF
      15 Kearney Rd, Needham, MA 02494-2501
      View Details
    • Value Estimation by Request
      43,449 SF

      45 Kearney Rd

      SHOW ROOM, WAREHOUSE • 43,449 SF
      45 Kearney Rd, Needham, MA 02494-2503
      View Details
    • Value Estimation
      $4,160,000
      41,984 SF

      10 Charles St

      SHOW ROOM, WAREHOUSE • 41,984 SF
      10 Charles St, Needham, MA 02494-2906
      View Details
    • Value Estimation
      $620,000
      4,210 SF

      530 Hillside Ave

      SHOW ROOM, WAREHOUSE • 4,210 SF
      530 Hillside Ave, Needham, MA 02494-1232
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,700 SF

      Needham Mixed-Use Redevelopment Opportunity

      4,700 SF retail/office building with redevelopment potential in Needham.
      50 Central Ave, Needham Heights, MA 02494
      View Details
    • $949,900
      0.19 Acres

      Land in Needham Heights

      Land suitable for redevelopment, expansion, or multi-unit construction.
      3 Crescent Rd, Needham, MA 02494
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,655 SF

      Retail Space on Highland Avenue

      Sublease retail space with high visibility and on-site parking.
      120 Highland Ave, Needham, MA 02494
      View Details
    • Contact for pricing
      14,533 SF

      Lab and Office Building

      213,000 SF lab and office space for lease.
      117 Kendrick St, Needham, MA 02494
      View Details
    • Contact for pricing
      4,383 SF

      Class A Office Suites

      Premier office suites available for rent near I-95.
      160 Gould St, Needham, MA 02494
      View Details
    • $795 /Mo

      Office Suite in Needham Heights

      Office suite for lease near shops, restaurants, and commuter rail.
      280 Hillside Ave, Needham, MA 02494
      View Details
    • Contact for pricing
      4,660 SF

      Class A Office Space Available

      Class A office building with renovated common areas and parking.
      300 1St Ave, Needham, MA 02494
      View Details
    • Contact for pricing
      1,626 SF

      Needham Office Suite For Lease

      First-floor office suite in Needham with highway access.
      72 River Park St, Needham, MA 02494
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10 Charles St
    Needham, MA 02494-2906
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!