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Property profile & analytics
OFF-MARKET
Investment properties
309 Lk Ave Newton, MA 02461-1211
Individually Owned
35-yr Hold
Property ID
US38-1312013
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1882
Construction
BRICK
Total area
2,570 SF
Lot
0.31 ac (13,451 SF)
Zoning code
MR1
APN
NEWT S:52 B:020 L:0024
UPID
US38-1312013
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Robert H Davis · 35 yrs held
Robert H Davis
since 1991
7 recorded transactions
Zoning & alternative use
MR1 · Newton, 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 Newton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newton 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$14,652
Tax year 2022
Assessed value
$1,648,800
Assessed 2024
Previous assessed
$1,504,200
+9.6% YoY
Effective rate
0.89%
On assessed value
Assessed land
$1,005,300
Assessed improvement
$643,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1882
Construction
BRICK
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
12
Bathrooms
4
Total area
2,570 SF
Lot
0.31 ac (13,451 SF)
Zoning code
MR1
APN
NEWT S:52 B:020 L:0024
UPID
US38-1312013
Jurisdiction
NEWTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
MR1 · Newton, MA
Zoning MR1 · permitted uses
MR1 · Newton, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1882
Construction
BRICK
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
12
Bathrooms
4
Lot
0.31 ac
Current owner
From public records · entity-resolved
Robert H Davis
Individual
Mailing address
309 LK AVE, NEWTON HIGHLANDS, MA 02461-1211
Ownership since
1991
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2021
—
Robert H Davis
—
Deed
related
$548,000 · Leader Bank NA
Dec 23, 2010
—
Robert H Davis
—
Deed Of Trust
related
$330,000 · Fairway Independent Mortgage
Jul 25, 2003
—
Nina T Davis
—
Deed Of Trust
related
$271,000 · Homevest Mortgage Corp
Dec 30, 2002
—
Robert H Davis
—
Deed Of Trust
related
$272,000 · Homevest Mortgage Corp
Nov 12, 2002
—
Robert H Davis
—
Deed Of Trust
related
$200,000 · Citizens Bank Of Ma
Aug 29, 2002
—
Robert H Davis
—
Deed Of Trust
related
$272,000 · Homevest Mortgage Corp
Nov 13, 1998
—
Robert H Davis
—
Deed Of Trust
related
$227,000 · Homevest Mortgage Corp
Sep 4, 1996
—
Robert H Davis
—
Deed Of Trust
related
$100,000 · Us Trust Middlesex
May 26, 1993
—
Robert H Davis
—
Deed Of Trust
related
$257,000 · Old Colony Mortgage Corp
Jan 27, 1992
—
Robert H Davis
—
Deed Of Trust
related
$251,000 · Andover Bank
Jan 24, 1991
$340,000
Robert H Davis
309 Lake Ave RT Nt
Grant Deed
$191,250 · Andover Bank
Jan 24, 1991
—
Davis,robert H
—
Grant Deed
related
$58,700 · Andover 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.
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