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Property profile & analytics
OFF-MARKET
Estimated value
$5,695,000
Retail space
230 Needham St Newton, MA 02464-1569
Entity Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US38-2462311
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
34,460 SF
Lot
2.04 ac (88,742 SF)
Zoning code
MU1
APN
NEWT S:83 B:028 L:0078
UPID
US38-2462311
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
-
Verizon Mobile Phone Store Electronics & Wireless Store
-
Gray Brothers Auto Detailing Car Wash
-
Lakeshore Learning Store (Bike/Boat/Book/etc) Store
-
Mattress Firm Newton Furniture & Home Goods
-
Appliance Repair Pros Newton Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.62M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.70M
Owner & transaction history
Fox & Hounds RT LLC · 20 yrs held
Fox & Hounds RT LLC
since 2005
6 recorded transactions
Zoning & alternative use
MU1 · Newton, 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 Newton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newton 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%
$8,255,000
6.5%
$7,620,000
7%
$7,075,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,290,000
Current use
APARTMENT HOUSE (5+ UNITS)
$7,940,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$5.70M
Range $5.13M – $6.26M · ±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
$165 / 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
$223,666
Tax year 2024
Assessed value
$12,202,200
Assessed 2024
Previous assessed
$11,439,600
+6.7% YoY
Effective rate
1.83%
On assessed value
Assessed land
$3,978,300
Assessed improvement
$8,223,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
9
Rooms
9
Bathrooms
12
Total area
34,460 SF
Lot
2.04 ac (88,742 SF)
Zoning code
MU1
APN
NEWT S:83 B:028 L:0078
UPID
US38-2462311
Jurisdiction
NEWTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
MU1 · Newton, MA
Zoning MU1 · permitted uses
MU1 · Newton, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$9.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.9M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
9
Rooms
9
Bathrooms
12
Lot
2.04 ac
Current owner
From public records · entity-resolved
Fox & Hounds RT LLC
Entity
Free & Clear · 20 yrs held
Mailing address
188 NEEDHAM ST STE #270, NEWTON, MA 02464-1520
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2019
—
Fox&hounds RT LLC
—
Deed
related
$15,000,000 · Td Bank NA
Nov 1, 2005
$1
Fox & Hounds RT LLC
Fox & Hounds RT
Grant Deed
related
—
Nov 10, 1997
—
Fox RT
—
Deed Of Trust
related
$7,250,000 · Zuckerman Family Nomi
Apr 30, 1990
$1,400,000
Fox RT
Atlantic-newton Rlty
Grant Deed
—
Apr 30, 1990
—
Fox RT
—
Deed Of Trust
related
$7,000,000 · Worth Funding INC
Aug 28, 1987
$225,000
Atlantic-newton Rlty
John Hancock Mutual
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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