Property profile

283 Ctr St 291 Newton, MA 02458

OFF-MARKET
Office buildings
Property ID
US38-0161743
174,699 SF 1.81 ac lot Built 1985
Entity Owned 7-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1985
Construction CONCRETE
Total area 174,699 SF
Lot 1.81 ac (78,813 SF)
Zoning code BU1
APN NEWT S:71 B:005 L:0001
UPID US38-0161743

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

283 Ctr St, Unit 291 Newton, MA 02458-1719
Newton metro Census 373100 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$29.92M

Owner & transaction history

since 2019
4 recorded transactions
2019
$50.8M
2004
$21.1M
1997
Price N/A
1996
$16.9M

Zoning & alternative use

BU1 · Newton, MA
Zoning description

The intent of the zone to promote business uses

General category COMMERCIAL

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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