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    308 Walnut St, Unit 322 Newton, MA 02460-1907
    Property profile & analytics

    308 Walnut St, Unit 322, Newton, MA 02460-1907

    View on Map
    • Retail space
    • 7,151 SF
    • 0.27 lot acres
    Off-Market
    Property ID
    US38-0492377
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,345,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Boston Team - YGK Kitchen Cabinets + Design Showroom / Hardware & Home Improvement / Kitchen & Bath Showroom
    • ygk usa / Hardware & Home Improvement / Kitchen & Bath Showroom

    Property Details for 308 Walnut St

    Year built
    1900
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.27 lot acres
    Zone code
    BU1
    Property type
    Retail space
    APN
    NEWT S:22 B:005 L:0034
    APU
    NEWTS22B005L0034

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 2, 1994 — Wolek — Deed Of Trust · related $100k · Zwi Kohorn
    Mar 15, 1994 — Wolek — Deed Of Trust · related $100k · Zwi Kohorn

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,715,000
      6.5%
      $1,580,000
      7%
      $1,470,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,930,000
      Current use
      OFFICE BUILDING
      $2,180,000
      Change: +13% Conversion: Easy
      RESTAURANT
      $2,075,000
      Change: +8% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,015,000
      Change: +4% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,980,000
      Change: +3% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $1,650,000
      Change: -15% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2066
    Latitude
    42.3502
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $50,287
    $791,800
    $1,951,600
    $2,743,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,570,000
      10,062 SF

      304-306 Walnut St

      RETAIL STORES (PERSONAL SERVICES)
      304-306 Walnut St, Newton, MA 02460
      View Details
    • Value Estimation
      $1,215,000
      10,819 SF

      456-460 Newtonville Ave

      RETAIL STORES (PERSONAL SERVICES)
      456-460 Newtonville Ave, Newton, MA 02460
      View Details
    • Value Estimation
      $815,000
      3,778 SF

      899 Washington St

      RETAIL STORES (PERSONAL SERVICES)
      899 Washington St, Newton, MA 02460-1546
      View Details
    • Value Estimation
      $1,075,000
      5,725 SF

      309 Walnut St, Unit 321

      RETAIL STORES (PERSONAL SERVICES)
      309 Walnut St, Newton, MA 02460-1927
      View Details
    • Value Estimation
      $1,430,000
      7,593 SF

      323 Walnut St, Unit 335

      RETAIL STORES (PERSONAL SERVICES)
      323 Walnut St, Newton, MA 02460-1927
      View Details
    • Value Estimation
      $880,000
      7,750 SF

      199-203 Nn St

      RETAIL STORES (PERSONAL SERVICES)
      199-203 Nn St, Newton, MA 02460
      View Details

    Similar Nearby for Sale

    • New
      Contact for pricing
      14,485 SF

      Corner Retail and Income Property

      Corner retail and income building with 100% occupancy and VC3 zoning allowing development up to 4.5 stories.
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      Newton Mixed-Use Development Opportunity

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      14,485 SF

      Newton Retail Investment Opportunity

      Fully occupied retail property near Newtonville MBTA station.
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      14,485 SF

      Newton Retail and Land Opportunity

      Prime Newton location with development potential near public transit.
      823-833 Washington St, Newton, MA 02460
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      Established Restaurant Business For Sale

      Operating restaurant for sale in Newton, Massachusetts.
      197 North St, Newton, MA 02460
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      Established Restaurant Business For Sale

      Operating restaurant with loyal customer base in Newton, Massachusetts.
      197 North St, Newton, MA 02460
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    Similar Nearby for Lease

    • Contact for pricing
      4,013 SF

      Retail/Office Space on Walnut Street

      4,013 SF retail or office space with parking.
      330 Walnut St, Newton, MA 02460
      View Details
    • Contact for pricing
      800 SF

      Prime Retail Space on Walnut

      Retail space on Walnut Street, Newtonville, with parking.
      324-326 Walnut St, Newtonville, MA 02460
      View Details
    • Contact for pricing
      3,034 SF

      Retail Space with Parking

      Retail space with parking in Newton, Massachusetts.
      304 Walnut St, Newton, MA 02460
      View Details
    • Contact for pricing

      Retail Space in Newtonville Heart

      Retail space with new storefront, HVAC, and ample frontage.
      304-306 Walnut St, Newton, MA 02460
      View Details
    • Contact for pricing
      6,100 SF

      Retail Space in Newtonville Heart

      Retail space with new storefront, HVAC, and ample frontage.
      304-306 Walnut St, Newton, MA 02460
      View Details
    • Contact for pricing
      650 SF

      Newton Office Space For Rent

      Office unit available for lease in Newton, Massachusetts.
      288 Walnut St, Newton, MA 02460
      View Details
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    Newton, MA 02460-1907
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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