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Property profile & analytics
OFF-MARKET
Estimated value
$7,070,000
Showrooms
38 Crafts St Newton, MA 02458-1249
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0783236
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1880
Construction
STEEL FRAME
Total area
11,564 SF
Lot
0.38 ac (16,617 SF)
Zoning code
MAN
APN
NEWT S:23 B:016 L:0009
UPID
US38-0783236
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
-
ARS Restoration Specialists Hardware & Home Improvement Construction Company
-
Dr. Tilottoma Mukherjee Physician
-
Emma Barton Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.07M
Owner & transaction history
Monroe Queensrockaway · 4 yrs held
Monroe Queensrockaway
since 2022
Last sale
$7.6M
6 recorded transactions
Zoning & alternative use
MAN · Newton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the zone to promote manufacturing uses
Zone name
Manufacturing
General category
INDUSTRIAL
Zone area
87.31 ac
Source
Realmo
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
$6,515,000
ML approach
$6,570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.07M
Range $6.36M – $7.78M · ±10% · vs last sale $7.60M (Jul 29 2022)
Last sale anchor
$7.60M
Jul 29 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
$611 / 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
$41,550
Tax year 2024
Assessed value
$2,266,800
Assessed 2024
Previous assessed
$2,065,100
+9.8% YoY
Effective rate
1.83%
On assessed value
Assessed land
$850,100
Assessed improvement
$1,416,700
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1880
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
2
Rooms
4
Bathrooms
2
Total area
11,564 SF
Lot
0.38 ac (16,617 SF)
Zoning code
MAN
APN
NEWT S:23 B:016 L:0009
UPID
US38-0783236
Jurisdiction
NEWTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
MAN · Newton, MAZoning MAN · permitted uses
MAN · Newton, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the zone to promote manufacturing uses
Zone name
Manufacturing
General category
INDUSTRIAL
Zone area
87.31 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1880
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
2
Rooms
4
Bathrooms
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
Monroe Queensrockaway
Individual
Mailing address
275 GRV ST STE #2150, AUBURNDALE, MA 02466-2275
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
Jul 29, 2022
$7,600,000
Monroe Queensrockaway
Crafts Street Prop LLC
Quit Claim Arm's Length For Ne States
$14,850,000 · Needham Bank
Sep 17, 2013
—
Crafts Street Props LLC
—
Deed Of Trust
related
$2,121,000 · Rockland Trust Co
Mar 6, 2006
$1,470,000
Crafts Street Prop LLC
Nissan Norwood Realty LLC
Grant Deed
$1,022,500 · Ben Franklin Savings Bank
Mar 6, 2006
—
Crafts Street Prop LLC
—
Grant Deed
related
$818,000 · Ben Franklin Savings Bank
Feb 28, 2006
$1
Nissan Norwood Realty LLC
Clay Chevrolet INC
Grant Deed
related
—
—
—
Crafts Street Properties
—
Deed Of Trust
related
$3,200,000 · Mary Piltch
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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