Property profile

2223 Washington St Newton, MA 02462

OFF-MARKET
Office buildings
Property ID
US38-0522905
46,939 SF 2.45 ac lot Built 1978
Entity Owned 32-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This property consists of approximately 5,985 square feet of office space located in Newton Lower Falls, Massachusetts. It is set within landscaped grounds. Public transportation access includes MBTA bus service along Route 16, with the Woodland Green Line T Stop approximately one mile away. The area includes nearby retail and dining options and a fitness club within walking distance.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1978
Construction STEEL FRAME
Total area 46,939 SF
Lot 2.45 ac (106,654 SF)
Zoning code BU5
APN NEWT S:42 B:032 L:0034
UPID US38-0522905

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Employment Agency Business Service Center
  • Corporate Office
  • Accounting Software Company Business Management Consultant
  • Bank Loan Service
  • Charitable Organization

Location

2223 Washington St Newton, MA 02462-1417
Newton metro Census 374800 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$12.11M
Blend (final) Blend
$10.80M

Owner & transaction history

since 1993
2 recorded transactions
2021
Price N/A
1993
$10.2M

Zoning & alternative use

BU5 · Newton, MA
Zoning description

The intent of the zone to promote business uses

General category COMMERCIAL

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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