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Property profile & analytics
FOR LEASE
Office buildings

288 Walnut St 4TH Newton, MA 02460

41,610 SF 0.58 ac lot Built 1970
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US38-0683883
Property summary
AI-generated overview

This exceptional 250-square-foot executive office suite is perfectly situated at 288 Walnut Street, #301, in Middlesex County. Located on the third floor of a three-story building constructed in 1970, this space offers a unique opportunity for a single professional or small business. The suite is currently vacant and ready for immediate occupancy. The building features a total of 250 square feet of rentable space, with this particular suite comprising the entire available area. The property sits on a 0.58-acre lot and is zoned BU1. While the office itself lacks external windows, it offers a private and focused work environment. The building includes one parking space. This is an ideal solution for an individual seeking a self-contained office space with a convenient location. The multiple tenancy structure ensures a professional atmosphere. The property is classified as both retail and office, reflecting its versatility and potential for various uses. This is a rare opportunity to secure a well-located, private office in a desirable area. The space is ready for immediate move-in, allowing for a quick start to your business operations. Don't miss this chance to establish your presence in this thriving location.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1970
Construction STEEL FRAME
Total area 41,610 SF
Lot 0.58 ac (25,088 SF)
Zoning code BU1
APN NEWT S:22 B:004 L:0015
UPID US38-0683883
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
  • Insight Education: College Admissions Counseling Training Center
  • Suzanne Merlis, Psychologist Physician Medical Clinic
  • Zielonka Financial Services LLC Tax Preparation
  • Caitlin Jones, LMHC Mental Health Clinic Mental Health Service
  • Meghan Miklusak, Counselor Psychotherapist Mental Health Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.85M
Blend (final) Blend
$8.34M
Owner & transaction history
288 Walnut Street RT · 4 yrs held
288 Walnut Street RT
since 2022
7 recorded transactions
2022
Price N/A
2022
Price N/A
2014
$3.1M
2014
$5.3M
2014
Price N/A
2007
$1
2003
Price N/A
Zoning & alternative use
BU1 · Newton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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