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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Specialty properties
237 Highland Ave, Needham, MA 02494-3036
Entity Owned
29-yr Hold
Free & Clear
Property ID
US38-0665692
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1982
Total area
9,000 SF
Lot
0.28 ac (12,197 SF)
Zoning code
H128
APN
NEED M:074.0 B:0038 L:0000.0
UPID
US38-0665692
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
-
Riverside Community Mental Health Crisis Center Medical Clinic
-
Riverside Community Care CSA/Home-Based Family Services Crisis Center Medical Clinic
-
Christina Redman Medical School
-
Isabelle Douyon Counselor
-
Kimberly Flynn Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$959k
Blend (final)
Blend
$835k
Owner & transaction history
Needham Coop Bank · 29 yrs held
Needham Coop Bank
since 1996
7 recorded transactions
Zoning & alternative use
H128 · Needham, 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 Needham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Needham 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
$715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$835k
Range $752k – $919k · ±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
$93 / 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 2018Property tax & assessments
Tax year 2018
Tax billed
$41,358
Tax year 2018
Assessed value
$1,762,900
Assessed 2024
Previous assessed
$1,762,900
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed land
$786,800
Assessed improvement
$976,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1982
Heating
NONE
Buildings
2
Total area
9,000 SF
Lot
0.28 ac (12,197 SF)
Zoning code
H128
APN
NEED M:074.0 B:0038 L:0000.0
UPID
US38-0665692
Jurisdiction
NEEDHAM
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
H128 · Needham, MA
Zoning H128 · permitted uses
H128 · Needham, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Needham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1982
Heating
NONE
Buildings
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
Needham Coop Bank
Entity
Free & Clear · 29 yrs held
Mailing address
237 HIGHLAND AVE, NEEDHAM, MA 02494-3036
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2011
—
Riverside Community Care
—
Deed Of Trust
related
$6,600,000 · Td Bank NA
Sep 2, 2005
—
Riverside Comm Mental Hea
—
Deed Of Trust
related
$600,000 · Sovereign Bank
Nov 9, 2004
—
Riverside Communit Health
—
Deed Of Trust
related
$400,000 · Sovereign Bank
Nov 22, 1996
$300,000
Needham Coop Bank
Highland Interchange
Grant Deed
related
—
Mar 15, 1994
$2,200,000
David V Nielsen
Petrini,gary W
Grant Deed
$1,980,000 · Needham Cp Bank
Dec 22, 1987
$1,195,000
Gary W Petrini
Marks,robert A
Grant Deed
$1,075,000 · Needham Cp Bank
Sep 21, 1987
$215,000
Petrini,gary W Tr
Avery Massland Ltpt
Grant Deed
$175,000 · Needham Cp Bank
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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