Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,050,000
Office buildings
199 Chestnut St Needham, MA 02492-2403
Individually Owned
2-yr Hold
Free & Clear
Property ID
US38-1730980
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
6,262 SF
Lot
0.17 ac (7,405 SF)
Zoning code
CS
APN
NEED M:047.0 B:0085 L:0000.0
UPID
US38-1730980
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
-
Haskell Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.06M
CAP Approach
CAP
$2.26M
Comparable Approach
Comparable
$2.54M
Blend (final)
Blend
$2.05M
Owner & transaction history
Beth Israel Deaconess Hos · 2 yrs held
Beth Israel Deaconess Hos
since 2023
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
CS · Needham, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,130,000
ML approach
$2,060,000
CAP Approach
CAP Return
Estimation
6%
$2,445,000
6.5%
$2,255,000
7%
$2,095,000
Blend value · Realmo final
$2.05M
Range $1.85M – $2.26M · ±10% · vs last sale $2.00M (Dec 15 2023)
Last sale anchor
$2.00M
Dec 15 2023
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
$327 / 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
$18,934
Tax year 2024
Assessed value
$770,600
Assessed 2024
Previous assessed
$770,600
+0.0% YoY
Effective rate
2.46%
On assessed value
Assessed land
$296,900
Assessed improvement
$473,700
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
Off-Market
Heating
NONE
Buildings
3
Total area
6,262 SF
Lot
0.17 ac (7,405 SF)
Zoning code
CS
APN
NEED M:047.0 B:0085 L:0000.0
UPID
US38-1730980
Jurisdiction
NEEDHAM
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
CS · Needham, MA
Zoning CS · permitted uses
CS · 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.
Building & site characteristics
From public records
Heating
NONE
Buildings
3
Lot
0.17 ac
Current owner
From public records · entity-resolved
Beth Israel Deaconess Hos
Individual
Free & Clear · 2 yrs held
Mailing address
199 CHESTNUT ST, NEEDHAM, MA 02492-2403
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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 15, 2023
$2,000,000
Beth Israel Deaconess Hos
199 Chestnut Street Nt
Quit Claim Arm's Length For Ne States
—
Dec 15, 2023
—
199 Chestnut Street Nt
Petrini Corp
Correction Deed
related
—
Sep 12, 2023
—
199 Chestnut Street Nt
Petrini Corp
Quit Claim Deed
related
—
Jun 2, 2016
$985,000
Petrini Corp
George F Haskell Irt
Quit Claim Arm's Length For Ne States
$788,000 · Needham Cooperative Bank
Dec 27, 2012
$1
Geroge F Haskell
Haskell,geroge F
Grant Deed
—
Oct 15, 1993
$317,000
Teorge F Haskell
Newton 1993 Etc
Grant Deed
—
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?”
You own 199 Chestnut St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
