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Property profile & analytics
OFF-MARKET
Estimated value
$3,465,000
Auto shops
14 Needham St Newton, MA 02461-1616
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0249895
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,031 SF
Lot
0.36 ac (15,514 SF)
Zoning code
MU2
APN
NEWT S:83 B:011 L:0014A
UPID
US38-0249895
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
-
AVI Boston Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.42M
Blend (final)
Blend
$3.47M
Owner & transaction history
14 Needham St Hldg LLC · 4 yrs held
14 Needham St Hldg LLC
since 2021
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
MU2 · Newton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.0M
+49.5%
Office building
$2.1M
+8.4%
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
$3,405,000
ML approach
$3,265,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,960,000
Change: +49% · Conversion: Moderate
OFFICE BUILDING
$2,145,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$3.47M
Range $3.12M – $3.81M · ±10% · vs last sale $3.60M (Dec 16 2021)
Last sale anchor
$3.60M
Dec 16 2021
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
$493 / 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
$56,902
Tax year 2024
Assessed value
$3,104,300
Assessed 2024
Previous assessed
$2,620,000
+18.5% YoY
Effective rate
1.83%
On assessed value
Assessed land
$1,118,700
Assessed improvement
$1,985,600
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
4
Bathrooms
2
Total area
7,031 SF
Lot
0.36 ac (15,514 SF)
Zoning code
MU2
APN
NEWT S:83 B:011 L:0014A
UPID
US38-0249895
Jurisdiction
NEWTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
MU2 · Newton, MA
Zoning MU2 · permitted uses
MU2 · 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
COMMERCIAL (GENERAL)
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.1M
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
4
Bathrooms
2
Lot
0.36 ac
Current owner
From public records · entity-resolved
14 Needham St Hldg LLC
Entity
Mailing address
44 BILLINGS PARK, NEWTON, MA 02458-2013
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2022
—
14 Needham St Hldg LLC
—
Deed
related
$382,500 · Rockland Trust Co
Dec 16, 2021
$3,600,000
14 Needham St Hldg LLC
14 Needham Street LLC
Quit Claim Arm's Length For Ne States
$1,800,000 · Rockland Trust Co
Dec 16, 2021
—
14 Needham St Hldg LLC
—
Deed
related
$1,481,000 · Granite State Economic Development Corp
Jul 29, 2010
$1
Gloria K Raymond
Thorndike RT
Grant Deed
—
Jul 29, 2010
$2,500,000
14 Needham Street LLC
Raymond,gloria K
Grant Deed
$1,815,000 · Cambridge Savings Bank
Jul 29, 2010
—
14 Needham Street LLC
—
Deed Of Trust
related
$627,649 · Ellen D Grossman
Feb 9, 1999
—
Thorndike RT
—
Deed Of Trust
related
$800,000 · Brookline Savings Bank
Jun 3, 1998
—
Thorndike RT
—
Deed Of Trust
related
$800,000 · Century Bank & Trust Co
Jan 11, 1995
—
Thorndike RT
—
Deed Of Trust
related
$700,000 · Century Bank & Trust Co
Oct 2, 1989
—
Thorndike RT
—
Deed Of Trust
related
$616,000 · Century Bank & Trust Co
Jun 23, 1988
—
Thorndike RT
—
Deed Of Trust
related
$400,000 · Century Bank & Trust Co
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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