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Property profile & analytics
OFF-MARKET
Estimated value
$1,515,000
Office buildings
1349 Ctr St, Newton, MA 02459-2560
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US38-1597632
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Construction
FRAME
Total area
5,508 SF
Lot
0.24 ac (10,579 SF)
Zoning code
BU2
APN
NEWT S:62 B:010 L:0001
UPID
US38-1597632
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
-
Maddox Heating & Air Conditioning HVAC Service General Contractor
-
Mathnasium Tutoring Service
-
MassageCure Alternative Medicine Practice
-
Sage Massage Therapy and Skin Care Alternative Medicine Practice Spa & Massage Center
-
Unique Boutique Your Day of Beauty Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.82M
Blend (final)
Blend
$1.52M
Owner & transaction history
1349 Centre Steet LLC · 11 yrs held
1349 Centre Steet LLC
since 2015
7 recorded transactions
Zoning & alternative use
BU2 · Newton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.3M
+37.9%
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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newton 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,680,000
Current use
COMMERCIAL (GENERAL)
$2,315,000
Change: +38% · Conversion: Easy
RESTAURANT
$1,600,000
Change: -5% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,550,000
Change: -8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,525,000
Change: -9% · Conversion: Difficult
RETAIL STORES
$1,485,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$1.52M
Range $1.36M – $1.67M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$275 / 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
$28,313
Tax year 2024
Assessed value
$1,544,600
Assessed 2024
Previous assessed
$1,612,000
-4.2% YoY
Effective rate
1.83%
On assessed value
Assessed land
$818,700
Assessed improvement
$725,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
NONE
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
3
Bathrooms
3
Total area
5,508 SF
Lot
0.24 ac (10,579 SF)
Zoning code
BU2
APN
NEWT S:62 B:010 L:0001
UPID
US38-1597632
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$2.3M
RESTAURANT
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1920
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
3
Bathrooms
3
Lot
0.24 ac
Current owner
From public records · entity-resolved
1349 Centre Steet LLC
Entity
Mailing address
226 WINCHESTER ST, NEWTON, MA 02461-2034
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2015
$1,550,000
1349 Centre Steet LLC
1349 Centre Street RT
Quit Claim Arm's Length For Ne States
$775,000 · Peoples United Bank
Dec 18, 2002
—
1349 Centre St. RT
—
Deed Of Trust
related
$700,000 · Gary Needham
Oct 17, 2000
—
1349 Center St RT
—
Deed Of Trust
related
$640,000 · Newton South Cp Bank
Jan 13, 1997
—
1349 Centre St. RT
—
Deed Of Trust
related
$243,000 · Bay Colony Dev Corp
Aug 20, 1996
$548,000
1349 Centre Street RT
Watercress INC
Grant Deed
$295,000 · Grove Bank
Aug 20, 1996
—
1349 Centre Street RT
—
Deed Of Trust
related
$236,000 · Grove Bank
May 6, 1992
$435,000
Watercress INC
Continental Cablevisio
Grant Deed
—
—
—
1349 Centre Street LLC
—
Deed Of Trust
related
$634,000 · Granite St Economic Dev
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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