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Property profile & analytics
FOR LEASE
Investment properties
1191 Chestnut St Newton Upper Falls, MA 02464
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US38-1618021
For Lease
1 / 2
$2,350,000
1191 Chestnut St, Newton Upper Falls, MA 02464
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,100 SF
Lot
0.58 ac (25,392 SF)
Zoning code
BU2
APN
NEWT S:51 B:045 L:0010
UPID
US38-1618021
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
-
Fully Promoted Newton, MA Marketing & Advertising
-
Right at Home Home Help Home Help Service Agency
-
Happy Child Day Care Center High School Daycare Center
-
NewtonOptica Stephen Kolnik OD Physician
-
Closingbinders.Com 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
$2.35M
Owner & transaction history
Chestnut St LLC · 23 yrs held
Chestnut St LLC
since 2002
7 recorded transactions
Zoning & alternative use
BU2 · Newton, MA
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 Newton Upper Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newton Upper Falls 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
$146 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2018Property tax & assessments
Tax year 2018
Tax billed
$46,614
Tax year 2018
Assessed value
$2,486,600
Assessed 2024
Previous assessed
$2,616,200
-5.0% YoY
Effective rate
1.87%
On assessed value
Assessed land
$930,600
Assessed improvement
$1,556,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
6
Rooms
10
Bathrooms
4
Total area
16,100 SF
Lot
0.58 ac (25,392 SF)
Zoning code
BU2
APN
NEWT S:51 B:045 L:0010
UPID
US38-1618021
Jurisdiction
NEWTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BU2 · Newton, MA
Zoning BU2 · permitted uses
BU2 · Newton, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
6
Rooms
10
Bathrooms
4
Lot
0.58 ac
Current owner
From public records · entity-resolved
Chestnut St LLC
Entity
Mailing address
938 CTR ST, NEWTON, MA 02459-1266
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2023
—
Chestnut Street LLC
—
Deed
related
$5,000,000 · Rockland Trust Co
Jun 30, 2016
—
Chestnut Street LLC
—
Deed
related
$975,000 · Rockland Tr
Sep 8, 2008
—
Chestnut Street LLC
—
Deed Of Trust
related
$200,000 · Ben Franklin Savings Bank
Aug 26, 2002
$1,950,000
Chestnut St LLC
Larquin Corp
Grant Deed
$1,462,500 · Chart Bank
Aug 26, 2002
—
Chestnut St LLC
—
Deed Of Trust
related
$200,000 · Zenon Grzybowski
Jan 27, 2000
—
Larquin Corp
—
Deed Of Trust
related
$450,000 · Salem Five Cents Savings Bank
May 31, 1994
$300,000
Larquin Corp
Fdic
Grant Deed
—
Jan 21, 1992
$762,000
Blair Rlty Corp
1191 Chestnut RT
Grant Deed
—
Dec 9, 1988
—
1191 Chestnut RT
—
Deed Of Trust
related
$450,000 · Blue Hill Cu
Nov 2, 1988
—
1191 Chestnut St. RT
—
Deed Of Trust
related
$100,000 · Blue Hill Cu
Mar 25, 1988
—
1191 Chestnut RT
—
Deed Of Trust
related
$100,000 · Blue Hill Cu
Sep 22, 1987
$1,334,000
1191 Chestnut RT
1191 Chestnut St Tr
Grant Deed
related
$1,400,000 · Bank Of Ne North
Aug 18, 1987
$200,000
1191 Chestnut St Tr
H&d Corp
Grant Deed
$200,000 · Zenon Grzybowski
Jun 9, 1987
—
1191 Chestnut St Tr
—
Deed Of Trust
related
$25,000 · Zuckerman Family Nomi
—
—
Chestnut Street LLC
—
Deed Of Trust
related
$975,000 · Rockland Tr
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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