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Property profile & analytics
FOR LEASE
Office buildings
1359 Centre St Newton, MA 02459
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-1872052
For Lease
1 / 13
$1,000/Mo
1359 Centre St, Newton, MA 02459
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1959
Construction
FRAME
Total area
4,430 SF
Lot
0.15 ac (6,496 SF)
Zoning code
BU2
APN
NEWT S:62 B:011 L:0006
UPID
US38-1872052
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
-
Bercury Insurance Agency Insurance Agency
-
Anchor Insurance Group Insurance Agency
-
Chandler Hoover & Giles Insurance Agency Insurance Agency
-
New England Commercial Insurance Agency Insurance Agency
-
Sarah A. Feigon, Ph.D Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.28M
Owner & transaction history
Kmmansour 1359 LLC · 5 yrs held
Kmmansour 1359 LLC
since 2020
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
BU2 · Newton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+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
$1,355,000
ML approach
$1,410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,350,000
Current use
COMMERCIAL (GENERAL)
$1,865,000
Change: +38% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,245,000
Change: -8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,225,000
Change: -9% · Conversion: Difficult
RETAIL STORES
$1,195,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$1.28M
Range $1.15M – $1.40M · ±10% · vs last sale $1.28M (Dec 2 2020)
Last sale anchor
$1.28M
Dec 2 2020
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
$288 / 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
$16,647
Tax year 2024
Assessed value
$908,200
Assessed 2024
Previous assessed
$947,400
-4.1% YoY
Effective rate
1.83%
On assessed value
Assessed land
$640,500
Assessed improvement
$267,700
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1959
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
5
Rooms
2
Bathrooms
1
Total area
4,430 SF
Lot
0.15 ac (6,496 SF)
Zoning code
BU2
APN
NEWT S:62 B:011 L:0006
UPID
US38-1872052
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
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1959
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
5
Rooms
2
Bathrooms
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Kmmansour 1359 LLC
Entity
Mailing address
105 PHILLIPS BRKS RD, WESTWOOD, MA 02090-2021
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2020
$1,275,000
Kmmansour 1359 LLC
1359 Centre LLC
Quit Claim Arm's Length For Ne States
$1,083,750 · Village Bank
Dec 2, 2020
—
Kmm RT
—
Deed
related
$1,083,750 · Village Bank
Oct 19, 2011
$780,000
1359 Centre LLC
Michael H Oconnor 2005
Deed
$624,000 · Medical Area FCU
Aug 28, 2006
$1
Michael H Oconnor RT
Oconnor,michael H
Grant Deed
—
Nov 19, 2001
—
Michael O'connor
—
Deed Of Trust
related
$400,000 · Framingham Cp Bank
Apr 22, 1987
—
Michael H O'connor
—
Deed Of Trust
related
$185,000 · West Newton Svgs Bk
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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