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Financial
Distress signals
Property profile

399 Chestnut St Needham, MA 02492

FOR LEASE
Retail space
Property ID
US38-0600309
8,522 SF 0.31 ac lot Built 1984
Last sale Aug 2017 · $1,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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399 Chestnut St, Needham, MA 02492 For Lease
$775/Mo
399 Chestnut St, Needham, MA 02492
View Listing

Property summary

AI-generated overview

The property consists of a second-floor single office suite with dimensions of 14'5" by 12' and includes access to a shared waiting room. Utilities, including gas and electric, are included as part of the arrangement. The suite is situated in a convenient location within the building.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$37k
Tax billed · 2024
Assessed value$1.50M
Assessed land$767k
Assessed improvement$734k
Effective rate2.46%

Value estimate

· Oct 2026
$1.59M
$1.43M – $1.74M
NOI build-up
Gross scheduled income$6k
Vacancy & credit loss−$1k
Operating expenses−$1k
NOI · 489.81% cap applied$4k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$293/SF
County average, outlier-cleaned · 159 recorded sales of this use type
Observed band · Q1–Q3$159 – $441
Qualifying comparables8

Cap rate analysis

How does the asset earn?
489.81%
$4k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CS
JurisdictionNEEDHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant15.8
Wholesale Shop13.7
Cafe & Coffee Shop12.1

Location

399 Chestnut St Needham, MA 02492
County assessor Recorded deeds · 7 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
329 Chestnut, Needham, MA 02492-2408 $1,925,000 Dec 2025 7,770 SF
283 Chestnut, Needham, MA 02492-2406 $130,000 Apr 2025 6,862 SF
459 Great Pln, Needham, MA 02492-3727 $500,000 Oct 2024 2,774 SF
990 Great Pln, Needham, MA 02492-2508 $650,000 Mar 2023 19,068 SF
173 Chestnut, Needham, MA 02492 $2,725,000 Oct 2022 2,145 SF
315 Chestnut St, Needham, MA 02492-2408 $1,550,000 May 2022 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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