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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Individual retail properties
380 Chestnut St Needham, MA 02492-2411
Entity Owned
14-yr Hold
Free & Clear
Property ID
US38-0545364
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1940
Total area
8,272 SF
Lot
0.48 ac (21,083 SF)
Zoning code
CS
APN
NEED M:046.0 B:0016 L:0000.0
UPID
US38-0545364
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
-
Charles River YMCA - Chestnut Street Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$840k
Owner & transaction history
Petrini Corp · 14 yrs held
Petrini Corp
since 2012
7 recorded transactions
Zoning & alternative use
CS · Needham, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.0M
+17.5%
Auto repair, garage
$995,000
+13.5%
Medical building
$945,000
+8.0%
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
by Request
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
GYM, HEALTH SPA
$875,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,030,000
Change: +17% · Conversion: Difficult
AUTO REPAIR, GARAGE
$995,000
Change: +13% · Conversion: Difficult
MEDICAL BUILDING
$945,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$850,000
Change: -3% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$785,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$840k
Range $756k – $924k · ±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
$102 / 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
$38,219
Tax year 2024
Assessed value
$1,555,500
Assessed 2024
Previous assessed
$1,555,500
+0.0% YoY
Effective rate
2.46%
On assessed value
Assessed land
$760,300
Assessed improvement
$795,200
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1940
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
8,272 SF
Lot
0.48 ac (21,083 SF)
Zoning code
CS
APN
NEED M:046.0 B:0016 L:0000.0
UPID
US38-0545364
Jurisdiction
NEEDHAM
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
CS · Needham, MA
Zoning CS · permitted uses
CS · Needham, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Needham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
GYM, HEALTH SPA Current
Est. value
$875,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$995,000
MEDICAL BUILDING
Est. value
$945,000
COMMERCIAL (GENERAL)
Est. value
$850,000
INDUSTRIAL (GENERAL)
Est. value
$785,000
GYM, HEALTH SPA Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (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
1940
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Petrini Corp
Entity
Free & Clear · 14 yrs held
Mailing address
148 CHESTNUT ST, NEEDHAM, MA 02492-2505
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2020
—
Petrini Corp
—
Deed
related
$500,000 · Walpole Cooperative Bank
Feb 15, 2012
—
Petrini Corp
—
Deed Of Trust
related
$1,335,000 · Walpole Coop Bank
Feb 15, 2012
$1
Petrini Corp
Ad RT
Grant Deed
related
—
Sep 9, 2009
—
Petrini Corp
—
Deed Of Trust
related
$1,977,500 · Needham Cp Bank
Jun 13, 2006
$1
Petrini Corp
Ad RT
Grant Deed
—
Oct 18, 2005
$1,350,000
Petrini Corp
A D RT
Grant Deed
$1,000,000 · A D RT
Feb 19, 1997
—
Ad RT
—
Deed Of Trust
related
$530,000 · Weymouth Savings 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.
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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