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Property profile & analytics
FOR LEASE
Investment properties
103 Thurston Rd, Newton, MA 02464
Entity Owned
~
Est. High Equity
Property ID
US38-1347259
For Lease
1 / 2
$1,595,000
103 Thurston Rd, Newton, MA 02464
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1979
Total area
4,763 SF
Lot
0.46 ac (20,000 SF)
Zoning code
MR1
APN
NEWT S:51 B:012 L:0003
UPID
US38-1347259
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.21M
Comparable Approach
Comparable
$2.09M
Blend (final)
Blend
$1.60M
Owner & transaction history
Thurston Development LLC
Thurston Development LLC
since 2026
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
MR1 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,310,000
6.5%
$1,210,000
7%
$1,125,000
Blend value · Realmo final
$1.60M
Range $1.44M – $1.75M · ±10% · vs last sale $2.15M (Jan 8 2026)
Last sale anchor
$2.15M
Jan 8 2026
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
$335 / 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
Assessed value
$1,261,600
Assessed 2024
Previous assessed
$1,255,800
+0.5% YoY
Assessed land
$770,400
Assessed improvement
$491,200
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
1979
Heating
NONE
Cooling
YES
Buildings
2
Units
1
Total area
4,763 SF
Lot
0.46 ac (20,000 SF)
Zoning code
MR1
APN
NEWT S:51 B:012 L:0003
UPID
US38-1347259
Jurisdiction
NEWTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
MR1 · Newton, MA
Zoning MR1 · permitted uses
MR1 · 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
1979
Heating
NONE
Cooling
Yes
Buildings
2
Units
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Thurston Development LLC
Entity
Mailing address
103 THURSTON RD, NEWTON UPPER FALLS, MA 02464-1242
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2026
$2,150,000
Thurston Development LLC
Maureen F Lupien
Deed
$1,720,000 · Village Bank
Aug 30, 2010
—
Gerbert E Lupien
—
Deed Of Trust
related
$250,000 · Village Bank
Aug 16, 2010
$1
Lupien,herbert E
Lupien,herbert E Tr
Grant Deed
—
Aug 16, 2010
—
Lupien,herbert E
—
Grant Deed
related
$417,000 · Mortgage Network INC
Dec 28, 2009
$1
Lupien,herbert E
103 Thurston Road RT
Grant Deed
—
Dec 28, 2009
—
Lupien,herbert E
—
Grant Deed
related
$417,000 · Mortgage Network INC
Jul 7, 2008
$1
103 Thurston Road RT
Lupien,herbert E
Grant Deed
—
Jul 7, 2008
—
Lupien,herbert E
—
Grant Deed
related
$417,000 · Mortgage Master INC
Mar 4, 2008
$1
Lupien Prop Mgmt LLC
Lupien,herbert E
Grant Deed
—
Dec 30, 1999
—
Herbert E Lupien
—
Deed Of Trust
related
$50,000 · Providian National Bank
Jun 30, 1994
—
Herbert E Lupien
—
Deed Of Trust
related
$125,000 · Bay Bank
Jun 29, 1993
—
Herbert E Lupier
—
Deed Of Trust
related
$50,000 · Bay Bank
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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