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Financial
Distress signals
Property profile

233 Needham St Newton, MA 02464

OFF-MARKET
Office buildings
Property ID
US38-2344443
65,404 SF 0.99 ac lot Built 1988
Last sale May 2017 · $20,859,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

233 Needham Street in Newton, Massachusetts offers a unique opportunity to lease creative office space within a vibrant and convenient location. This 12,434 square foot building, situated in the N2 Innovation District of Middlesex County, is currently fully vacant and available for lease. The property is classified as Retail, Office, and Restaurant, making it suitable for a variety of businesses. Multiple tenancy options are available, with spaces ranging from a minimum of 1,661 square feet…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$297k
Tax billed · 2024
Assessed value$16.19M
Assessed land$2.29M
Assessed improvement$13.90M
Effective rate1.83%

Value estimate

· Oct 2026
$15.91M
$14.31M – $17.50M
Submarket $/SF estimate$19.91M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$305/SF
Submarket average, outlier-cleaned · 36 recorded sales of this use type
Observed band · Q1–Q3$213 – $428
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
MU1
The intent of the zone to promote mixed uses
General categoryMIXED_USE
JurisdictionNEWTON

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant27.5
Pharmacy18.5
Grocery Store17.3

Location

233 Needham St Newton, MA 02464-1573
County assessor Recorded deeds · 10 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 15 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
981 Chestnut, Newton, MA 02464-1101 $765,000 Mar 2024 1,377 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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