Property profile

1024-1028 Chestnut St Newton, MA 02464

OFF-MARKET
Other investment properties
Property ID
US38-1349030
4,535 SF 0.22 ac lot Built 1846
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

A 1,400-square-foot retail space located in Newton, Massachusetts, positioned just off an exit of Route 9 and near the intersection of I-95 and Route 9. The space is situated on Chestnut Street, a corridor with frequent vehicular activity driven by nearby restaurants, little league fields, and an office/retail park across the street. Its location provides connectivity between the Waban and West Newton Hills sections of Newton and the retail area along Needham Street, as well as adjacent office parks behind that commercial area.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1846
Construction FRAME
Total area 4,535 SF
Lot 0.22 ac (9,720 SF)
Zoning code BU1
APN NEWT S:51 B:006 L:0017
UPID US38-1349030

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1024-1028 Chestnut St Newton, MA 02464
Newton metro Census 374100 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.15M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.00M

Owner & transaction history

since 2020
5 recorded transactions
2020
$1.4M
2009
Price N/A
2002
Price N/A
1998
Price N/A
1987
$560,000

Zoning & alternative use

BU1 · Newton, MA
Zoning description

The intent of the zone to promote business uses

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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