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    Property profile & analytics

    117 Chestnut St Needham, MA 02492-2515

    • Medical offices
    • 4,014 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimation
    $1,710,000
    Last Sale
    Mar 01, 2023
    $1,645,000
    Location Intelligence
    Property ID
    US38-1268136
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Needham Oral Surgery and Implant Center / Oral Surgeon

    Property Details for 117 Chestnut St

    Year built
    1904
    Lot size
    0.21 lot acres
    Property size
    4,014 SF
    Zone code
    CS
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    NEED M:047.0 B:0077 L:0000.0
    APU
    NEEDM0470B0077L00000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,750,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,700,000
      6.5%
      $1,525,000
      7%
      $1,565,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,720,000
      Geo Method
      $1,645,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,780,000
      Retail
      $1,330,000
      Mixed-Use
      $1,295,000
      Hospitality
      $1,345,000
      Educational
      $1,350,000
      Residential Income
      $1,360,000
      Energy
      $1,325,000
      Income-Based Land
      $1,745,000
      Food Service
      $1,560,000

    Location Insight

    • Map
    • Local Demand
    City
    Needham
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.2376
    Latitude
    42.2782
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $40,418
    $0.00
    $1,645,000
    $1,645,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      11,028 SF

      1410 Highland Ave

      MEDICAL BUILDING • 11,028 SF
      1410 Highland Ave, Needham, MA 02492-2671
      View Details
    • Value Estimation by Request
      10,288 SF

      392 Chestnut St

      MEDICAL BUILDING • 10,288 SF
      392 Chestnut St, Needham, MA 02492-2411
      View Details
    • Value Estimation by Request
      13,872 SF

      87 Chestnut St

      MEDICAL BUILDING • 13,872 SF
      87 Chestnut St, Needham, MA 02492-2578
      View Details
    • Value Estimation by Request
      45,920 SF

      150 Lincoln St

      HOMES (RETIRED, NURSING) • 45,920 SF
      150 Lincoln St, Needham, MA 02492-2914
      View Details
    • Value Estimation by Request
      0.22 Acres

      52 Pickering St

      OFFICE BUILDING • 0.22 Acres
      52 Pickering St, Needham, MA 02492-3159
      View Details
    • Value Estimation
      $615,000
      10,523 SF

      433 Chestnut St

      OFFICE BUILDING • 10,523 SF
      433 Chestnut St, Needham, MA 02492-2822
      View Details

    Similar Nearby for Sale

    • $550,000
      1,215 SF

      Needham Office Condo For Sale

      Office condo near Beth Israel Deaconess Hospital and amenities.
      105 Chestnut St, Needham, MA 02492
      View Details
    • $1,925,000
      Pending

      Needham Center Freestanding Commercial Building

      Well-maintained commercial building in high-demand location with strong tenants.
      329-331 Chestnut St, Needham, MA 02492
      View Details
    • Contact for pricing
      18,976 SF

      Mixed-Use Building in Downtown Needham

      Fully leased mixed-use building in the heart of downtown Needham.
      990-992 Great Plain Ave, Needham, MA 02492
      View Details
    • $1,950,000
      Pending

      Waterfront Land in Needham, MA

      1.25 acre waterfront property on the Charles River.
      178 South St, Needham, MA 02492
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    Similar Nearby for Lease

    • Contact for pricing
      8,335 SF

      Needham Office Space For Rent

      8,335 SF office space available in Needham, MA.
      20 Pickering St, Needham, MA 02492
      View Details
    • $1,300 /Mo

      Needham Office Space For Rent

      Well-maintained office building near Needham Center and BID Hospital.
      10 Oak St, Needham, MA 02492
      View Details
    • $775 /Mo
      425 SF

      Professional Office Space For Rent

      Bright office space in Needham, near transportation and amenities.
      20 Chestnut St, Needham, MA 02492
      View Details
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    117 Chestnut St
    Needham, MA 02492-2515
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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