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Property profile & analytics
OFF-MARKET
Estimated value
$6,180,000
Retail space
19 Wexford St Needham, MA 02494-2911
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-0544414
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Total area
19,980 SF
Lot
1.07 ac (46,653 SF)
Zoning code
M128
APN
NEED M:074.0 B:0033 L:0000.0
UPID
US38-0544414
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
-
GOLFTEC Needham Golf Instructor
-
Pure Performance Training Gym & Fitness Center
-
Dan Torgersen Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.59M
CAP Approach
CAP
$5.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.18M
Owner & transaction history
Commercial Street 229 LP · 3 yrs held
Commercial Street 229 LP
since 2022
Last sale
$6.2M
6 recorded transactions
Zoning & alternative use
M128 · Needham, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.0M
+71.7%
Restaurant
$8.6M
+46.6%
Auto repair, garage
$6.4M
+10.0%
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
Method
Estimation
Statistic approach
$6,730,000
ML approach
$6,590,000
CAP Approach
CAP Return
Estimation
6%
$5,665,000
6.5%
$5,230,000
7%
$4,855,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,850,000
Current use
OFFICE BUILDING
$10,040,000
Change: +72% · Conversion: Easy
RESTAURANT
$8,575,000
Change: +47% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,435,000
Change: +10% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,740,000
Change: -2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,115,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$6.18M
Range $5.56M – $6.80M · ±10% · vs last sale $6.18M (Nov 30 2022)
Last sale anchor
$6.18M
Nov 30 2022
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
$309 / 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
$142,707
Tax year 2024
Assessed value
$5,808,200
Assessed 2024
Previous assessed
$2,365,400
+145.5% YoY
Effective rate
2.46%
On assessed value
Assessed land
$1,083,300
Assessed improvement
$4,724,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Heating
NONE
Cooling
YES
Buildings
2
Total area
19,980 SF
Lot
1.07 ac (46,653 SF)
Zoning code
M128
APN
NEED M:074.0 B:0033 L:0000.0
UPID
US38-0544414
Jurisdiction
NEEDHAM
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
M128 · Needham, MA
Zoning M128 · permitted uses
M128 · Needham, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Needham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.9M
OFFICE BUILDING
Est. value
$10.0M
RESTAURANT
Est. value
$8.6M
AUTO REPAIR, GARAGE
Est. value
$6.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.7M
COMMERCIAL (GENERAL)
Est. value
$5.1M
RETAIL STORES Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1965
Heating
NONE
Cooling
Yes
Buildings
2
Lot
1.07 ac
Current owner
From public records · entity-resolved
Commercial Street 229 LP
Entity
Mailing address
22 COMEAU ST, WELLESLEY, MA 02481-6804
Ownership since
2022
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
Feb 28, 2023
—
Commercial Street 229 LP
—
Deed
related
$2,025,000 · Eagle Bank
Nov 30, 2022
$6,175,000
Commercial Street 229 LP
77 Charles St Owner LLC
Quit Claim Arm's Length For Ne States
—
Feb 18, 2020
—
77 Charles St Owner LLC
—
Deed
related
$4,375,000 · Shem Crk Needham
Jul 23, 2018
$5,350,000
77 Charles St Owner LLC
E & S Assocs LLC
Quit Claim Deed
$3,820,872 · Jernigan Cap Operating Co LLC
Dec 6, 2012
$1
E&s Assoc LLC
E&s RT
Grant Deed
related
—
—
—
77 Charles St Owner LLC
—
Deed Of Trust
related
$4,375,000 · Shem Crk Needham
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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