Property profile

399 Grv St Newton, MA 02462

OFF-MARKET
Hotels
Property ID
US38-0548631
74,553 SF 2.32 ac lot Built 1963
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1963
Construction STEEL FRAME
Total area 74,553 SF
Lot 2.32 ac (101,271 SF)
Zoning code BU5
APN NEWT S:42 B:011 L:0004
UPID US38-0548631

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store

Location

399 Grv St Newton, MA 02462-1202
Newton metro Census 374800 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$9.22M
CAP Approach CAP
$7.36M
Comparable Approach Comparable
by Request
Blend (final) Blend
$12.45M

Owner & transaction history

since 2022
Last sale
$14.5M
7 recorded transactions
2022
Price N/A
2020
Price N/A
2018
$3.2M
2010
Price N/A
2007
Price N/A
2006
$14.5M
2001
Price N/A

Zoning & alternative use

BU5 · Newton, MA
Zoning description

The intent of the zone to promote business uses

General category COMMERCIAL
Top alternative use upside
Office building $11.4M +1,127.1%
Auto repair, garage $10.4M +1,014.1%
Restaurant $9.6M +928.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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