Entity Owned 
For Lease
1 / 12
$29 SF/Yr
100 Crescent Rd,Unit 1B, Needham, MA 02494
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Property summary
AI-generated overview
This exceptional 1,200 square foot office space is situated on the second floor of a well-maintained, Class B office building at 100 Crescent Road in Needham Heights. The building, constructed in 1983, offers a total of 18,750 square feet across five suites, with this particular space featuring two large, bright perimeter offices, an open workspace, and a dedicated lunch area. The space benefits from abundant natural light. The property includes 55 parking spaces, a significant advantage in this location. The zoning is designated as Office/Industrial. The building is conveniently located within walking distance of the Needham Heights commuter rail station, providing easy access to public transportation. Nearby amenities include Trader Joe's, Starbucks, and Blue on Highland. Interstate 95 and Route 128 are also just minutes away. The building boasts on-site management and features a 9-foot ceiling height. A long-term tenant is downsizing within the building, creating this immediate opportunity. The minimum divisible space is 1,200 square feet, and the property sits on one acre of land.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
18,546 SF
Lot
0.93 ac (40,337 SF)
Zoning code
I
APN
NEED M:099.0 B:0088 L:0000.0
UPID
US38-2215673
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Association Or Organization
-
Big Box & Wholesale Store
-
Training Center Tutoring Service
-
Construction Company General Contractor
-
Medical School
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.68M
Comparable Approach
Comparable
$7.01M
Blend (final)
Blend
$6.08M
Owner & transaction history
Zoning & alternative use
I · Needham, MA
Zoning description
The purpose of this district I is to promote Institutional uses.
General category
CIVIC_INSTITUTIONAL
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 5 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$6.08M
Value range
$5.47M – $6.69M
±10% around blend
Estimated value / SF
$328 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
50
Income certainty
100
$5.47M
blend $6.08M
$6.69M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
18,546 SF
Lot area
0.93 ac
Year built
1984
Stories
2
APN
NEED M:099.0 B:0088 L:0000.0
Zoning
I
Assessed value
$2,283,200
Annual tax
$56,098
3
Income approach: direct capitalization
Partial preview
Income approach indication
$6.68M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$7.24M
@ 6.5% CAP return
$6.68M
@ 7% CAP return
$6.20M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$56,098
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$4.59M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.6 mi away · 18,355 SF
6.2 mi away · 20,738 SF
7.0 mi away · 18,512 SF
7.6 mi away · 16,716 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$6.08M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 37 sales
$503
-35%
County 351 sales
$293
+12%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $328/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$611k
Move the market yield to see immediate price impact.
Value / SF
$33
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$39k
$770k
$550k
$428k
$43k
$856k
$611k
$475k
$47k
$941k
$672k
$523k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$3.65M
5.5 mi · Dec 2025 · $251/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$56,098
Tax year 2024
Assessed value
$2,283,200
Assessed 2024
Previous assessed
$2,283,200
+0.0% YoY
Effective rate
2.46%
On assessed value
Assessed land
$435,300
Assessed improvement
$1,847,900
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1984
Heating
FORCED AIR
Stories
2
Total area
18,546 SF
Lot
0.93 ac (40,337 SF)
Zoning code
I
APN
NEED M:099.0 B:0088 L:0000.0
UPID
US38-2215673
Jurisdiction
NEEDHAM
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
I · Needham, MAZoning I · permitted uses
I · Needham, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The purpose of this district I is to promote Institutional uses.
General category
CIVIC_INSTITUTIONAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Heating
FORCED AIR
Stories
2
Lot
0.93 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
I
CIVIC_INSTITUTIONAL
Jurisdiction
Needham, MA
Recorded code
I
Official district
I
Official district profile
What the municipal code says about I
Zoning description
The purpose of this district I is to promote Institutional uses.
General category
CIVIC_INSTITUTIONAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I in Needham, MA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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