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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Gas stations
1010 Chestnut St, Newton, MA 02464-1102
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-0518166
Property summary
AI-generated overview
This established auto repair shop in Newton Lower Falls, MA, offers a prime opportunity for a new owner. The 1,500 square foot, single-tenant property sits on 0.16 acres and includes a three-bay garage equipped with three lifts and a compressor. Built in 1948, the one-story building features six parking spaces and three-phase power. The property is zoned BU1 (buyer to verify zoning specifics). The APN is NEWT-000051-000004-000003. The lease assignment price is $55,000, and the landlord requires first month's rent, last month's rent, and a security deposit. The property is conveniently located adjacent to an unbranded gas station (lease does not include gas station). The driveway may be shared. Potential buyers are responsible for conducting their own due diligence to confirm square footage, boundary lines, and utilities. This includes verifying the property size and utilities with the seller. This is a fantastic opportunity to acquire a well-equipped auto repair business in a desirable location.
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,310 SF
Lot
0.16 ac (6,754 SF)
Zoning code
BU1
APN
NEWT S:51 B:004 L:0003
UPID
US38-0518166
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Citgo Gas Station
-
Sam’s Auto Center Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$987k
Blend (final)
Blend
$1.04M
Owner & transaction history
Azar Newton Auto LLC · 3 yrs held
Azar Newton Auto LLC
since 2022
Last sale
$1.1M
2 recorded transactions
Zoning & alternative use
BU1 · Newton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Newton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$920,000
ML approach
$1,025,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±10% · vs last sale $1.08M (Aug 15 2022)
Last sale anchor
$1.08M
Aug 15 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$794 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$15,832
Tax year 2024
Assessed value
$863,700
Assessed 2024
Previous assessed
$604,300
+42.9% YoY
Effective rate
1.83%
On assessed value
Assessed land
$645,000
Assessed improvement
$218,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
1
Stories
1
Units
1
Rooms
4
Bathrooms
2
Total area
1,310 SF
Lot
0.16 ac (6,754 SF)
Zoning code
BU1
APN
NEWT S:51 B:004 L:0003
UPID
US38-0518166
Jurisdiction
NEWTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BU1 · Newton, MA
Zoning BU1 · permitted uses
BU1 · Newton, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
1
Units
1
Rooms
4
Bathrooms
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Azar Newton Auto LLC
Entity
Mailing address
1010 CHESTNUT ST, NEWTON, MA 02464-1102
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2023
—
Azar Newton Automotive
—
Deed
related
$200,000 · Petroleum Mktg Grp In
Aug 15, 2022
$1,075,000
Azar Newton Auto LLC
Echo Bridge Svc Sta INC
Quit Claim Arm's Length For Ne States
$700,000 · Echo Bridge Service S
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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