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Property profile & analytics
FOR LEASE
Office buildings
320 Nevada St Newton, MA 02460
Entity Owned
18-yr Hold
Free & Clear
Property ID
US38-0315319
For Lease
1 / 2
$14,660,000
320 Nevada St, Newton, MA 02460
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1867
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
71,426 SF
Lot
2.87 ac (125,116 SF)
Zoning code
MAN
APN
NEWT S:14 B:008 L:0010
UPID
US38-0315319
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
-
SEQUOIA STRATEGIC ADVISORS, LLC Business Management Consultant
-
18moons Corporate Office
-
Francine Zaslow Photography Photography Service (Bike/Boat/Book/etc) Store
-
DSP Development Corporation (Bike/Boat/Book/etc) Store Corporate Office
-
ViewPointCare, LLC (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.19M
Blend (final)
Blend
$14.66M
Owner & transaction history
One Nevada Realty LLC · 18 yrs held
One Nevada Realty LLC
since 2008
4 recorded transactions
Zoning & alternative use
MAN · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$21,795,000
Current use
RESTAURANT
$20,735,000
Change: -5% · Conversion: Moderate
AUTO REPAIR, GARAGE
$20,105,000
Change: -8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$19,790,000
Change: -9% · Conversion: Difficult
RETAIL STORES
$19,255,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$14.66M
Range $13.19M – $16.13M · ±10%
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
$205 / 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
$182,765
Tax year 2024
Assessed value
$9,970,800
Assessed 2024
Previous assessed
$9,821,200
+1.5% YoY
Effective rate
1.83%
On assessed value
Assessed land
$3,979,900
Assessed improvement
$5,990,900
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1867
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
6
Rooms
30
Bathrooms
15
Total area
71,426 SF
Lot
2.87 ac (125,116 SF)
Zoning code
MAN
APN
NEWT S:14 B:008 L:0010
UPID
US38-0315319
Jurisdiction
NEWTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
MAN · Newton, MA
Zoning MAN · permitted uses
MAN · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$21.8M
RESTAURANT
Est. value
$20.7M
AUTO REPAIR, GARAGE
Est. value
$20.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.8M
RETAIL STORES
Est. value
$19.3M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1867
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
6
Rooms
30
Bathrooms
15
Lot
2.87 ac
Current owner
From public records · entity-resolved
One Nevada Realty LLC
Entity
Free & Clear · 18 yrs held
Mailing address
99 MANDALAY RD, NEWTON, MA 02459-1318
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2013
—
1 Nevada Realty LLC
—
Grant Deed
related
$6,900,000 · Needham Cp Bank
Jun 13, 2008
$1
One Nevada Realty LLC
One Nevada RT
Grant Deed
—
Aug 4, 2003
—
One Nevada RT
—
Deed Of Trust
related
$8,700,000 · Compass Bank For Savings
Sep 29, 2000
—
Nevada RT
—
Deed Of Trust
related
$9,000,000 · Citizens Bank Of Ma
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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