Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    201 Needham St Newton, MA 02464-1505

    • Retail properties
    • 20,400 SF
    • 1.46 lot acres
    OFF-MARKET
    Value Estimations
    $565,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1701513
    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

    • Michaels / Yarn Store / Craft Store
    • UPS Access Point location / Shipping And Mailing Service / Mailing Service
    • Michaels Custom Framing / Picture Frame Shop

    Property Details for 201 Needham St

    Year built
    1973
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.46 lot acres
    Property size
    20,400 SF
    Zone code
    MU1
    Property type
    Retail properties
    APN
    NEWT S:51 B:028 L:0008B
    APU
    NEWTS51B028L0008B

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $565,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2145
    Latitude
    42.3113
    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
    $180,268
    $2,997,800
    $6,836,800
    $9,834,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $510,000
      35,099 SF

      260 Needham St

      DEPARTMENT STORE • 35,099 SF
      260 Needham St, Newton, MA 02464-1512
      View Details
    • Value Estimation by Request
      2,800 SF

      188 Needham St

      Restaurants • 2,800 SF
      188 Needham St, Newton, MA 02464
      View Details
    • Value Estimation
      $430,000
      3,588 SF

      104 Needham St

      RETAIL STORES (PERSONAL SERVICES) • 3,588 SF
      104 Needham St, Newton, MA 02464
      View Details
    • Value Estimation
      $535,000
      34,460 SF

      230 Needham St

      RETAIL STORES (PERSONAL SERVICES) • 34,460 SF
      230 Needham St, Newton, MA 02464-1569
      View Details
    • Value Estimation
      $250,000
      4,167 SF

      1064 Chestnut St, Unit 1070

      RESTAURANT • 4,167 SF
      1064 Chestnut St, Newton, MA 02464-1124
      View Details
    • Value Estimation
      $245,000
      820 SF

      1225 Chestnut St

      RESTAURANT • 820 SF
      1225 Chestnut St, Newton, MA 02464-1400
      View Details

    Similar Nearby for Sale

    • $349,000

      Retail/Office Space on Elliot Street

      Versatile retail or office space with high visibility.
      2A Hale St, Newton, MA 02464
      View Details
    • $48,000

      Established Dry Cleaner Business

      Long-established dry cleaner, laundry, and tailor business for sale.
      1 Confidential St, Newton, MA 02464
      View Details
    • $375,000
      0.17 Acres

      Newton MA Commercial Space

      Prime Newton Location, High Visibility
      Hale St, Newton, MA 02464
      View Details
    • $5,995,000
      38,200 SF

      Commercially Zoned Land For Sale

      Commercially zoned property with development potential in Newton, Massachusetts.
      103 Thurston Rd, Newton, MA 02464
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,600 SF

      Newton Restaurant/Retail Space Available

      Up to 4,600 SF restaurant/retail space for lease.
      165 Needham St, Newton Upper Falls, MA 02464
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space in Newton, MA

      2,800 SF retail space available Q2 2023 in Newton.
      188 Needham St, Newton, MA 02464
      View Details
    • $43 SF/Yr
      825 SF

      Corner Retail Space in Newton

      Rare corner retail space with large windows and high ceilings.
      287-301 Elliot St, Newton, MA 02464
      View Details
    • $33 SF/Yr
      12,434 SF

      Newton Creative Office Space

      Middlesex County, MA: 5 Suites Available
      233 Needham St, Newton, MA 02464
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Affluent Newton

      Located in Newton, close to major routes and affluent neighborhoods.
      1024 Chestnut St, Newton, MA 02464
      View Details
    • Contact for pricing
      20,000 SF

      Renovated Brick & Beam Flex Space

      High-end, renovated flex space with R&D capabilities available for rent.
      1234 Chestnut St, Newton Upper Falls, MA 02464
      View Details

    Property Visit Statistics

    • Visits by month
      30.1k
    • Visitors by month
      23.1k
    • Avg Time on site
      23 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    201 Needham St
    Newton, MA 02464-1505
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.