Property profile

199 Wls Ave Newton, MA 02459

OFF-MARKET
Office buildings
Property ID
US38-1027279
43,801 SF 5 ac lot Built 1974
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1974
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 43,801 SF
Lot 5 ac (217,800 SF)
Zoning code LMD
APN NEWT S:84 B:034 L:0002U
UPID US38-1027279

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

199 Wls Ave Newton, MA 02459-3325
Newton metro Census 374000 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.43M
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.34M
Blend (final) Blend
$7.50M

Owner & transaction history

since 2022
Last sale
$9.7M
7 recorded transactions
2022
$8.1M
2016
$7.1M
2014
Price N/A
2007
Price N/A
2006
Price N/A
1997
Price N/A
1996
Price N/A

Zoning & alternative use

LMD · Newton, MA
Zoning description

The intent of the zone to promote light manufacturing uses

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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