Property profile

112 Needham St Newton, MA 02464

OFF-MARKET
Office buildings
Property ID
US38-1183446
7,884 SF 0.17 ac lot Built 2017
Entity Owned 12-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2017
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,884 SF
Lot 0.17 ac (7,500 SF)
Zoning code MU2
APN NEWT S:83 B:012 L:0007
UPID US38-1183446

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Property Management Company
  • Building Supply General Contractor
  • Plumbing Service General Contractor

Location

112 Needham St Newton, MA 02464-1500
Newton metro Census 374100 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.81M
Blend (final) Blend
$2.15M

Owner & transaction history

since 2014
2 recorded transactions
2014
$1.3M
2003
Price N/A

Zoning & alternative use

MU2 · Newton, MA
Zoning description

The intent of the zone to promote mixed uses

General category MIXED_USE
Top alternative use upside
Commercial (general) $3.3M +37.9%

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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