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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Retail space
315 Chestnut St Needham, MA 02492-2408
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1387823
Property summary
AI-generated overview
This exceptional investment opportunity presents a freestanding, two-story corner retail building located at 315-317 Chestnut Street in Needham, Massachusetts, within Norfolk County. The property boasts a total of 1,200 to 6,500 square feet of space, distributed across three commercial condo units within a single building, situated on an 8,000 square foot lot. Currently operating at 100% occupancy since January 1st, 2024, this property offers a strong, immediate return on investment. The building's versatile configuration is suitable for a variety of retail uses, including convenience stores, quick-service restaurants (QSR), and storefronts. The property is classified as a Value Add, Core investment with a Triple Net (NNN) lease type and multi-tenancy. This prime location in Needham offers excellent visibility and accessibility, making it an attractive proposition for both investors and tenants. The entire building is available for purchase, or individual commercial condo units can be acquired separately. This presents a unique opportunity to acquire a well-positioned retail property in a thriving Massachusetts market.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Total area
4,800 SF
Lot
0.17 ac (7,405 SF)
Zoning code
CS
APN
NEED M:046.0 B:0051 L:0000.0
UPID
US38-1387823
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
-
Kostas Pizza & Seafood Restaurant
-
Nunes Trabucco Architects Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.62M
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
$2.12M
Blend (final)
Blend
$1.60M
Owner & transaction history
Linda M Rosenthal · 4 yrs held
Linda M Rosenthal
since 2022
Last sale
$1.6M
6 recorded transactions
Zoning & alternative use
CS · Needham, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Planning Maps | Needham, MA
Top alternative use upside
Auto repair, garage
$1.5M
+10.0%
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 Needham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Needham 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
Method
Estimation
Statistic approach
$1,690,000
ML approach
$1,615,000
CAP Approach
CAP Return
Estimation
6%
$1,360,000
6.5%
$1,255,000
7%
$1,165,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,405,000
Current use
AUTO REPAIR, GARAGE
$1,545,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,230,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±10% · vs last sale $1.55M (May 19 2022)
Last sale anchor
$1.55M
May 19 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$333 / SF
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 2024Property tax & assessments
Tax year 2024
Tax billed
$28,730
Tax year 2024
Assessed value
$1,169,300
Assessed 2024
Previous assessed
$1,169,300
+0.0% YoY
Effective rate
2.46%
On assessed value
Assessed land
$595,600
Assessed improvement
$573,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1950
Heating
FORCED AIR
Cooling
YES
Stories
2
Total area
4,800 SF
Lot
0.17 ac (7,405 SF)
Zoning code
CS
APN
NEED M:046.0 B:0051 L:0000.0
UPID
US38-1387823
Jurisdiction
NEEDHAM
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
CS · Needham, MAZoning CS · permitted uses
CS · Needham, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Planning Maps | Needham, MA
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Linda M Rosenthal
Individual
Mailing address
16 MAIN ST, DENNIS PORT, MA 02639-1322
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2022
—
315 Chestnut St Needham
—
Deed
related
$750,000 · Middlesex Savings Bank
May 19, 2022
—
Linda M Rosenthal
Marlyn RT
Quit Claim Deed
related
—
May 19, 2022
$1,550,000
315 Chestnut St Needham
Linda M Rosenthal
Quit Claim Arm's Length For Ne States
—
Oct 26, 2010
—
Marlyn RT
—
Deed Of Trust
related
$93,283 · Webster Bank
Oct 27, 1995
$410,000
Marlyn RT
Wayne Investment RT
Grant Deed
$196,000 · Peoples Bank Holyoke
May 10, 1993
—
Wayne Invest RT
—
Deed Of Trust
related
$75,000 · Irving L Kanin Etal
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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