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Property profile & analytics

22 Langley Rd Newton Centre, MA 02459

  • Retail space
  • 9,744 SF
  • 0.82 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US38-0323796
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

  • FedEx OnSite / Shipping And Mailing Service / Shipping Service
  • Walgreens Pharmacy / Pharmacy
  • Walgreens Photo / Passport Photo Processor / Photo Lab
  • TD Bank ATM / Atm
  • Vipul Patel / Pharmacy

Property Details for 22 Langley Rd

Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.82 lot acres
Property size
9,744 SF
Zone code
BU1
Property type
Retail space
APN
NEWT S:61 B:033 L:0006
APU
NEWTS61B033L0006

Description

This exceptional 19,282-square-foot retail space presents a unique investment opportunity in Middlesex County. Previously occupied by a Walgreens, this single-tenant property boasts high visibility and excellent accessibility. Its strategic location offers significant advantages for a variety of retail businesses. The property benefits from its proximity to a thriving retail corridor, with nearby establishments including Starbucks, Dunkin', J.P. Licks, CVS, and Subway, ensuring high foot traffic and brand recognition. Furthermore, its location less than two miles from Boston College and Commonwealth Avenue, a major thoroughfare in Boston and Newton, MA, guarantees substantial exposure to a large and diverse customer base. The substantial square footage provides ample space for a wide range of retail concepts, offering flexibility and potential for customization. This property is ideal for businesses seeking a well-established location with strong existing infrastructure and immediate access to a dense population. The single-tenant occupancy simplifies management and provides a clear understanding of the property's operational history. This is a rare opportunity to acquire a prime retail space in a high-demand area with significant growth potential. Serious inquiries are encouraged.


Value Estimations

based on Realmo’s proprietary methodology
  • CAP approach

    CAP Return
    Estimation
    6%
    $2,335,000
    6.5%
    $2,155,000
    7%
    $2,000,000
  • Alternative Use

    Use
    Estimation
    RETAIL STORES
    $2,625,000
    Current use
    RESTAURANT
    $2,830,000
    Change: +8% Conversion: Easy
    AUTO REPAIR, GARAGE
    $2,745,000
    Change: +4% Conversion: Difficult
    NEIGHBORHOOD: SHOPPING CENTER
    $2,700,000
    Change: +3% Conversion: Moderate
    APARTMENT HOUSE (5+ UNITS)
    $2,245,000
    Change: -15% Conversion: Difficult

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


Location Insight

  • Map
  • Local Demand
City
Newton
County
Middlesex
State
Massachusetts
Longitude
-71.1933
Latitude
42.3314
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
$78,251
$2,009,300
$2,259,700
$4,269,000
-
$0.00
$0.00
$0.00
More about this property
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