Property profile

1185 Ctr St 1197 Newton, MA 02459

OFF-MARKET
Retail space
Property ID
US38-0994763
6,603 SF 0.2 ac lot Built 1930
Individually Owned 29-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1930
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,603 SF
Lot 0.2 ac (8,873 SF)
Zoning code BU1
APN NEWT S:64 B:030 L:0001
UPID US38-0994763

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
  • Take-out & Catering Catering Service

Location

1185 Ctr St, Unit 1197 Newton, MA 02459-1533
Newton metro Census 373700 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.46M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.19M

Owner & transaction history

since 1997
1 recorded transaction
1997
$1.5M

Zoning & alternative use

BU1 · Newton, MA
Zoning description

The intent of the zone to promote business uses

General category COMMERCIAL
Top alternative use upside
Restaurant $1.9M +7.7%
Auto repair, garage $1.9M +4.4%
Neighborhood: shopping center $1.8M +2.8%

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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