Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

254 2Nd Ave Needham, MA 02494

FOR LEASE
Office buildings
Property ID
US38-0230540
87,161 SF 5.35 ac lot Built 1954
Last sale Jun 2022 · $30,650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
254 2Nd Ave, Needham, MA 02494 For Lease
$32,070,000
254 2Nd Ave, Needham, MA 02494
View Listing

Property summary

AI-generated overview

254 2nd Ave is an 86,906-square-foot suburban office building in Needham’s innovation hub. The building provides office workspaces and includes on-site amenities such as a fitness center, grab-and-go food service, and renovated common areas, with nearby access to nature trails. It is positioned for convenient regional connectivity with access to both north- and southbound lanes of I-95/Route 128 and is approximately one-half mile from Exit 19A. The property is also serviced by the 128 Business…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$422k
Tax billed · 2024
Assessed value$17.18M
Assessed land$6.10M
Assessed improvement$11.08M
Effective rate2.46%

Value estimate

· Oct 2026
$32.07M
$28.86M – $35.28M
CAP approach$31.39M
Submarket $/SF estimate$34.27M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$503/SF
Submarket average, outlier-cleaned · 37 recorded sales of this use type
Observed band · Q1–Q3$275 – $781
Qualifying comparables3

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?
I
The purpose of this district I is to promote Institutional uses.
General categoryCIVIC_INSTITUTIONAL
JurisdictionNEEDHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Food Market
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Food Market11.8
Grocery Store11.6
Pharmacy10.4

Location

254 2Nd Ave Needham, MA 02494
County assessor Recorded deeds · 9 transfers 3 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

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
130 A, Needham, MA 02494 $10,550,299 Oct 2024 39,600 SF
63 Kendrick, Needham, MA 02494-2760 $13,500,000 Aug 2024 118,238 SF
19 Crawford, Needham, MA 02494-2618 $10,800,000 Oct 2023 41,840 SF
35 Highland, Needham, MA 02494-3099 $5,500,000 Jul 2022 28,800 SF
75 2nd, Needham, MA 02494-2820 $22,953,195 Jun 2022 206,846 SF
115 4th, Needham, MA 02494-2725 $26,125,000 Dec 2021 78,970 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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