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Property profile & analytics
OFF-MARKET
Estimated value
$7,100,000
Office buildings
20 Pickering St Needham, MA 02492-3197
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US38-1482824
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
29,216 SF
Lot
0.53 ac (23,087 SF)
Zoning code
CB
APN
NEED M:050.0 B:0024 L:0000.0
UPID
US38-1482824
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
-
Equity Industrial Partners Construction Company General Contractor
-
RMJR Tax and Accounting Tax Preparation
-
Johnson IP Law Firm Law Firm
-
Greene's Field Park
-
Journal-Bone & Joint Surgery Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.27M
Blend (final)
Blend
$7.10M
Owner & transaction history
Eip Pickering Street LLC · 9 yrs held
Eip Pickering Street LLC
since 2017
5 recorded transactions
Zoning & alternative use
CB · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.10M
Range $6.39M – $7.81M · ±10%
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
$243 / 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
$87,454
Tax year 2024
Assessed value
$3,559,400
Assessed 2024
Previous assessed
$3,389,900
+5.0% YoY
Effective rate
2.46%
On assessed value
Assessed land
$897,100
Assessed improvement
$2,662,300
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
Cooling
YES
Buildings
3
Total area
29,216 SF
Lot
0.53 ac (23,087 SF)
Zoning code
CB
APN
NEED M:050.0 B:0024 L:0000.0
UPID
US38-1482824
Jurisdiction
NEEDHAM
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
CB · Needham, MA
Zoning CB · permitted uses
CB · 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
Cooling
Yes
Buildings
3
Lot
0.53 ac
Current owner
From public records · entity-resolved
Eip Pickering Street LLC
Entity
Mailing address
PO BOX 1083, HICKSVILLE, NY 11802-1083
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2022
—
Eip Pickering Street LLC
—
Deed
related
$4,700,000 · Oceanfirst Bank
May 2, 2017
$4,725,000
Eip Pickering Street LLC
Journal Of Bone & Joint
Quit Claim Deed
$4,500,000 · Rollstone Bk&tr
Sep 3, 1992
$2,350,000
Bone Jour
Finn,paul J
Grant Deed
—
Mar 13, 1990
—
Richard Tuch
—
Deed Of Trust
related
$450,000 · Zwi Kohorn
Sep 25, 1989
$2,550,000
Richard L Tuch
Pickering Invest T
Grant Deed
$2,100,000 · Shawmut Bank Of Boston
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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