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Property profile & analytics
OFF-MARKET
Office Spaces

105 Chestnut St Ste 37a Needham, MA 02492-2520

695 SF Built 1984
Individually Owned 4-yr Hold Free & Clear
Property ID
US38-1334979
Property summary
AI-generated overview

This 1,171-square-foot medical office condominium is located at 105 Chestnut Street #10, Needham, MA 02492, in Norfolk County. Built in 1984 and renovated in 2008, this Class B property sits on a 0.76-acre lot and is situated on the first floor of a three-story building, offering easy accessibility. The vacant unit boasts a practical layout with seven rooms, including a kitchenette, and benefits from abundant natural light. A significant advantage is the large on-site parking lot, providing ample space for staff and visitors. The property is ideally suited for medical or professional use and is conveniently located minutes from Needham Town Center, the Needham Commuter Rail Station, and numerous amenities. Its prime location directly across the street from Beth Israel Deaconess Hospital – Needham, within a dense and affluent demographic area, further enhances its appeal. Previous ownership invested $100,000 in upgrades to the space. The asking price is $640,000. Broker co-op is available.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1984
Total area 695 SF
Zoning code CSB
APN NEED M:047.0 B:0076 L:0037.0
UPID US38-1334979
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
  • Dr. Jacqueline Feuer, MD Physician
  • Boston Chinese Acupuncture Medical Clinic Alternative Medicine Practice
  • 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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Ryan Forness · 4 yrs held
Ryan Forness
since 2022
Last sale
$290,000
4 recorded transactions
2022
$290,000
2013
$135,000
2002
$101,000
1995
$67,000
Zoning & alternative use
CSB · Needham, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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