Property profile

303321 Washington St Newton, MA 02458

OFF-MARKET
Office buildings
Property ID
US38-0818964
84,604 SF 0.73 ac lot Built 1910
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property features Victorian architectural elements, including a two-story historic rehabilitation facade. Behind the facade is a four-story office structure, with an attached three-story underground parking deck. Building amenities include skylights and an outdoor deck. The property is situated in a central location serving the Cambridge, Needham, and Waltham high-tech business markets, with a 260-room hotel and conference facilities located across the street. Mechanical systems include a heat pump, and parking is provided through a multi-level on-site parking garage plus additional street parking. The property encompasses 10,431 square feet and is located on a road with an estimated traffic count of 32,000 cars.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1910
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 84,604 SF
Lot 0.73 ac (31,632 SF)
Zoning code BU1
APN NEWT S:71 B:004 L:0005
UPID US38-0818964

Cap rate & NOI

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

Location

303321 Washington St Newton, MA 02458-1637
Newton metro Census 373100 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
$23.68M
Blend (final) Blend
$18.49M

Owner & transaction history

since 2016
7 recorded transactions
2016
$15.0M
2013
Price N/A
2010
$11.2M
2005
$12.6M
2005
Price N/A
1999
$11.8M
1997
$6.8M

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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