Property profile

244 Needham St Newton, MA 02464

OFF-MARKET
Commercial real estate
Property ID
US38-2426679
1,745 SF 1.72 ac lot Built 1955
Entity Owned 20-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1955
Total area 1,745 SF
Lot 1.72 ac (74,778 SF)
Zoning code MU1
APN NEWT S:83 B:028 L:0077
UPID US38-2426679

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
  • Hardware & Home Improvement
  • Spa & Massage Center Alternative Medicine Practice
  • Physician
  • Cafe & Coffee Shop
  • Spa & Massage Center Skin Care Clinic

Location

244 Needham St Newton, MA 02464-1595
Newton metro Census 374100 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$725k

Owner & transaction history

since 2005
3 recorded transactions
2019
Price N/A
2005
$1
1990
Price N/A

Zoning & alternative use

MU1 · Newton, MA
Zoning description

The intent of the zone to promote mixed uses

General category MIXED_USE

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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