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Property profile & analytics
OFF-MARKET
Medical Office Space
105 Chestnut St Needham, MA 02492
Individually Owned
1-yr Hold
Property ID
US38-1932023
Property summary
AI-generated overview
Rare opportunity to acquire an office/medical condominium comprised of 1,215 SF. The Property is well-suited for medical or professional use. The unit features a practical layout with six rooms and ample storage space. A large parking lot offers ample space for staff and visitors, enhancing accessibility and convenience. Natural light fills the rooms through several windows, creating a bright and pleasant work environment. Minutes away from Needham Town Center, Needham Commuter Rail Station, and endless amenities. Directly across the street from Beth Israel Deaconess Hospital. Dense and affluent Needham demographics
Property profile
Verified
Property type
Medical Office Space
Year built
1984
UPID
US38-1932023
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
-
Carter, Bowers & Associates - Ameriprise Financial Services, LLC Financial Advisor
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Dr. Jacqueline Feuer, MD Physician
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Boston Chinese Acupuncture Medical Clinic Alternative Medicine Practice
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Cohen-Miles Insurance Inc Insurance Agency
-
Chestnut Green Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
105 Chestnut St Suite 21 · 1 yrs held
105 Chestnut St Suite 21
since 2025
7 recorded transactions
Zoning & alternative use
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 Needham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Needham 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Comparables
2 recent transactions · within 1.5 miComparable in this city
2 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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Status
Off-Market
Year built
1984
UPID
US38-1932023
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1984
Current owner
From public records · entity-resolved
105 Chestnut St Suite 21
Individual
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2025
$560,000
105 Chestnut St Suite 21
Robert W Helm Ret
Corporation Deed
$448,000 · South Shore Bank
Jan 6, 2025
$200,000
Al Realty LLC
Alpert Law LLC
Deed
—
Jan 6, 2025
$460,000
Al Realty LLC
Mardav RT
Deed
—
Dec 18, 2024
$600,000
Richard Suder
Tda Properties LLC
Deed
—
Jan 12, 2024
$950,000
Madmen Realty Tllc
High Rock RT
Corporation Deed
$400,000 · Kenneth J Raffol
Sep 18, 2023
—
Weitzman 105 Chestnut St
Weitzman Medical RT
Corporation Deed
—
Nov 17, 2022
$850,000
Beat Realty LLC
Bsd RT
Deed
—
Mar 28, 2022
$290,000
Ryan Forness
Soundarya Natarajan
Deed
—
Jul 28, 2021
—
Lounan 2021 LLC
Louis R Cohen
Corporation Deed
$224,000 · Peoples United Bank
May 21, 2021
$280,000
Louis R Cohen
Lawrence Kistler
Corporation Deed
—
May 4, 2021
—
Mardav RT
Trepla RT
Quitclaim Deed
related
—
Dec 18, 2019
—
Trepla RT Trust
Heidi B Alpert
Quitclaim Deed
related
—
Dec 30, 2016
—
Tda Properties LLC
Fin 46 RT
Quitclaim Deed
related
$264,000 · Walpole Cooperative Bank
Dec 13, 2016
—
Harbor Family Trust
Odea,john
Quitclaim Deed
related
—
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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