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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Investment properties
24 Pickwick Rd, Newton, MA 02465-2819
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US38-1470805
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1938
Construction
CONCRETE
Total area
3,963 SF
Lot
0.28 ac (12,075 SF)
Zoning code
SR1
APN
NEWT S:53 B:039 L:0008
UPID
US38-1470805
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.01M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$940k
Owner & transaction history
22 Pickwick Road RT · 13 yrs held
22 Pickwick Road RT
since 2013
7 recorded transactions
Zoning & alternative use
SR1 · 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%
$1,090,000
6.5%
$1,005,000
7%
$935,000
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±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
$237 / 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
Assessed value
$2,460,700
Assessed 2024
Previous assessed
$2,271,600
+8.3% YoY
Assessed land
$1,214,700
Assessed improvement
$1,246,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1938
Construction
CONCRETE
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
9
Bathrooms
5
Total area
3,963 SF
Lot
0.28 ac (12,075 SF)
Zoning code
SR1
APN
NEWT S:53 B:039 L:0008
UPID
US38-1470805
Jurisdiction
NEWTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
SR1 · Newton, MA
Zoning SR1 · permitted uses
SR1 · 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.
Building & site characteristics
From public records
Year built
1938
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
9
Bathrooms
5
Lot
0.28 ac
Current owner
From public records · entity-resolved
22 Pickwick Road RT
Individual
Mailing address
24 PICKWICK RD, WEST NEWTON, MA 02465-2819
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2013
$1
22 Pickwick Road RT
Riemer,stepheny B
Grant Deed
related
—
Sep 30, 2009
—
Stepheny B Riemer
—
Deed Of Trust
related
$850,000 · Ing Bank
Apr 8, 2003
—
Stepheny B Riemer
—
Deed Of Trust
related
$1,115,000 · Washington Mutual Bank
Jan 27, 2003
—
Stepheny Riemer
—
Deed Of Trust
related
$955,000 · Washington Mutual Bank
Jan 15, 2002
—
Robert L Riemer
—
Deed Of Trust
related
$960,000 · Washington Mutual Bank
Aug 29, 2001
—
Robert L Reimer
—
Deed Of Trust
related
$960,000 · Washington Mutual Bank
Dec 27, 2000
—
Stepheny B Riemer
—
Deed Of Trust
related
$960,000 · Sears Mortgage Corp
Jan 14, 2000
—
Stepheny B Reimer
—
Deed Of Trust
related
$968,000 · Sears Mortgage Corp
Dec 17, 1996
—
Pickwick Rd RT 24
—
Deed Of Trust
related
$700,000 · Bankboston Development Co LLC
Feb 22, 1994
—
Stepheny B Riemer
—
Deed Of Trust
related
$525,000 · Zuckerman Family Nomi
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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