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Property profile & analytics
OFF-MARKET
Estimated value
$1,695,000
Turn key restaurants
1257 Highland Ave Needham, MA 02492-2628
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US38-0383657
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1965
Total area
22,523 SF
Lot
0.75 ac (32,714 SF)
Zoning code
BUS
APN
NEED M:052.0 B:0003 L:0000.0
UPID
US38-0383657
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
-
Needham Wine & Spirits Specialty Food Shop Wine and Liquor Store
-
The Cookie Monstah (Bike/Boat/Book/etc) Store Bakery
-
Pardon My Cheesesteak Restaurant
-
NASCAR Wings Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.70M
Owner & transaction history
South Street 4414 Hldg · 9 yrs held
South Street 4414 Hldg
since 2017
4 recorded transactions
Zoning & alternative use
BUS · Needham, MA
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 Needham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Needham 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
$75 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$68,140
Tax year 2024
Assessed value
$2,773,300
Assessed 2024
Previous assessed
$2,540,300
+9.2% YoY
Effective rate
2.46%
On assessed value
Assessed land
$1,943,300
Assessed improvement
$830,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1965
Heating
NONE
Cooling
YES
Buildings
2
Total area
22,523 SF
Lot
0.75 ac (32,714 SF)
Zoning code
BUS
APN
NEED M:052.0 B:0003 L:0000.0
UPID
US38-0383657
Jurisdiction
NEEDHAM
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
BUS · Needham, MAZoning BUS · permitted uses
BUS · Needham, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Planning Maps | Needham, MA
Building & site characteristics
From public records
Year built
1965
Heating
NONE
Cooling
Yes
Buildings
2
Lot
0.75 ac
Current owner
From public records · entity-resolved
South Street 4414 Hldg
Individual
Mailing address
859 WILLARD ST STE #501, QUINCY, MA 02169-7469
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2019
—
South Street 4414 Hldgs
—
Deed
related
$8,000,000 · Eastern Bank
May 22, 2017
$11,650,000
South Street 4414 Hldg
Dwm Interests LLC
Quit Claim Arm's Length For Ne States
$8,250,000 · Hingham Institution For Savings
Oct 1, 2015
—
Dwm Interests LLC
Maloomian,dennis W & Laurence G
Quit Claim Deed
related
—
Feb 13, 1995
—
Laurence G Maloomian
—
Deed Of Trust
related
$750,000 · Dedham Inst For Savings
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.
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