New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,490,000
Office Spaces
259 Massachusetts Ave 3, Arlington, MA 02474-8406
Entity Owned
4-yr Hold
Free & Clear
Property ID
US38-0446335
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1700
Construction
FRAME
Total area
1,496 SF
Zoning code
B1
APN
ARLI M:029.A B:0003 L:0013.C
UPID
US38-0446335
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
-
Walton Massage Therapy Alternative Medicine Practice Spa & Massage Center
-
Juliana Fay Foster Care Service Social Service Agency
-
Adrianne Jorge, LMT Alternative Medicine Practice Spa & Massage Center
-
Barbara A. Phillips, PhD, LICSW Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.49M
Owner & transaction history
Chaffee 1 LLC · 4 yrs held
Chaffee 1 LLC
since 2021
Last sale
$3.5M
3 recorded transactions
Zoning & alternative use
B1 · Arlington, 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 Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington 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
$3,495,000
ML approach
$3,565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.49M
Range $3.14M – $3.84M · ±10% · vs last sale $3.45M (Nov 15 2021)
Last sale anchor
$3.45M
Nov 15 2021
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
$2,333 / 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
Tax billed
$5,445
Tax year 2024
Assessed value
$514,200
Assessed 2024
Previous assessed
$514,200
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed improvement
$514,200
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1700
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Bathrooms
1
Total area
1,496 SF
Zoning code
B1
APN
ARLI M:029.A B:0003 L:0013.C
UPID
US38-0446335
Jurisdiction
ARLINGTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
B1 · Arlington, MA
Zoning B1 · permitted uses
B1 · Arlington, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arlington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1700
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Bathrooms
1
Current owner
From public records · entity-resolved
Chaffee 1 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
259 MASSACHUSETTS AVE, ARLINGTON, MA 02474-8406
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2021
$3,450,000
Chaffee 1 LLC
Karmen LLC
Quit Claim Arm's Length For Ne States
—
Dec 10, 2019
$3,325,000
Karmen LLC
Lidia M Rodrigues
Quit Claim Arm's Length For Ne States
$2,327,500 · Dedham Institution For Savings
Nov 30, 1990
$170,000
Lidia M Rodrigues
South Boston Savings
Grant Deed
$120,000 · South Boston Savings 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 259 Massachusetts Ave, Unit 3?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
