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    Property profile & analytics

    1555 Central Ave Needham, MA 02492-1401

    • Data centers and call centers
    • 4,788 SF
    • 78.68 lot acres
    OFF-MARKET
    Value Estimation
    $3,500,000
    Last Sale
    Feb 29, 2024
    $3,500,000
    Location Intelligence
    Property ID
    US38-0714993
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Data centers and call centers

    Property Details for 1555 Central Ave

    Year built
    1945
    Lot size
    78.68 lot acres
    Property size
    4,788 SF
    Zone code
    SRA
    Property type
    Data centers and call centers
    APN
    NEED M:307.0 B:0002 L:0000.0
    APU
    NEEDM3070B0002L00000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,500,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,625,000
      6.5%
      $3,445,000
      7%
      $3,805,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,430,000
      Geo Method
      $3,945,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,755,000
      Retail
      $3,430,000
      Mixed-Use
      $2,940,000
      Hospitality
      $3,540,000
      Educational
      $3,010,000
      Residential Income
      $2,910,000
      Energy
      $3,720,000
      Income-Based Land
      $3,480,000
      Food Service
      $3,100,000

    Location Insight

    • Map
    • Local Demand
    City
    Needham
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.2672
    Latitude
    42.2771
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $71,737
    $1,464,900
    $1,454,800
    $2,919,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.22 Acres

      52 Pickering St

      OFFICE BUILDING • 0.22 Acres
      52 Pickering St, Needham, MA 02492-3159
      View Details
    • Value Estimation
      $615,000
      10,523 SF

      433 Chestnut St

      OFFICE BUILDING • 10,523 SF
      433 Chestnut St, Needham, MA 02492-2822
      View Details
    • Value Estimation
      $2,140,000
      6,262 SF

      199 Chestnut St

      OFFICE BUILDING • 6,262 SF
      199 Chestnut St, Needham, MA 02492-2403
      View Details
    • Value Estimation
      $595,000
      1,531 SF

      105 Chestnut St Ste, Unit 10

      CONDOMINIUM OFFICES • 1,531 SF
      105 Chestnut St Ste, Needham, MA 02492-2520
      View Details
    • Value Estimation
      $980,000
      601 SF

      105 Chestnut St Ste, Unit 12

      CONDOMINIUM OFFICES • 601 SF
      105 Chestnut St Ste, Needham, MA 02492-2520
      View Details
    • Value Estimation
      $350,000
      530 SF

      105 Chestnut St Ste, Unit 24

      CONDOMINIUM OFFICES • 530 SF
      105 Chestnut St Ste, Needham, MA 02492-2520
      View Details

    Similar Nearby for Sale

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      Pending

      Needham Center Freestanding Commercial Building

      Well-maintained commercial building in high-demand location with strong tenants.
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      View Details
    • $550,000
      1,215 SF

      Needham Office Condo For Sale

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    • Contact for pricing
      18,976 SF

      Mixed-Use Building in Downtown Needham

      Fully leased mixed-use building in the heart of downtown Needham.
      990-992 Great Plain Ave, Needham, MA 02492
      View Details
    • $1,950,000
      Pending

      Waterfront Land in Needham, MA

      1.25 acre waterfront property on the Charles River.
      178 South St, Needham, MA 02492
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,335 SF

      Needham Office Space For Rent

      8,335 SF office space available in Needham, MA.
      20 Pickering St, Needham, MA 02492
      View Details
    • $1,300 /Mo

      Needham Office Space For Rent

      Well-maintained office building near Needham Center and BID Hospital.
      10 Oak St, Needham, MA 02492
      View Details
    • $775 /Mo
      425 SF

      Professional Office Space For Rent

      Bright office space in Needham, near transportation and amenities.
      20 Chestnut St, Needham, MA 02492
      View Details
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    1555 Central Ave
    Needham, MA 02492-1401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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