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    Property profile & analytics

    399 Grv St Newton, MA 02462-1202

    • Hotels
    • 74,553 SF
    • 2.32 lot acres
    OFF-MARKET
    Value Estimation
    $12,955,000
    Last Sale
    Feb 15, 2022
    $14,522,500
    Location Intelligence
    Property ID
    US38-0548631
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hotel Indigo Boston Newton Riverside / Restaurant Supply Store

    Property Details for 399 Grv St

    Year built
    1963
    Construction
    STEEL FRAME
    Lot size
    2.32 lot acres
    Property size
    74,553 SF
    Zone code
    BU5
    Property type
    Hotels
    APN
    NEWT S:42 B:011 L:0004
    APU
    NEWTS42B011L0004

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $12,450,000

    • CAP approach

      CAP return
      Estimation
      6%
      $13,450,000
      6.5%
      $15,545,000
      7%
      $13,570,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $13,295,000
      Geo Method
      $13,140,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $13,020,000
      Retail
      $13,810,000
      Mixed-Use
      $15,605,000
      Hospitality
      $15,585,000
      Educational
      $13,170,000
      Residential Income
      $17,295,000
      Energy
      $16,285,000
      Income-Based Land
      $16,415,000
      Food Service
      $17,230,000

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2546
    Latitude
    42.334
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $320,775
    $8,512,800
    $8,987,200
    $17,500,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $350,000
      1,143 SF

      2000 Washington St, Unit 1B

      CONDOMINIUM OFFICES • 1,143 SF
      2000 Washington St, Newton, MA 02462-1650
      View Details
    • Value Estimation
      $280,000
      1,063 SF

      2000 Washington St, Unit 3C

      CONDOMINIUM OFFICES • 1,063 SF
      2000 Washington St, Newton, MA 02462-1650
      View Details
    • Value Estimation by Request
      13.10 Acres

      2021 Washington St

      GOLF COURSE • 13.10 Acres
      2021 Washington St, Newton, MA 02462
      View Details
    • Value Estimation
      $1,660,000
      5,700 SF

      2345 Washington St

      OFFICE BUILDING • 5,700 SF
      2345 Washington St, Newton, MA 02462-1457
      View Details
    • Value Estimation
      $215,000
      679 SF

      2000 Washington St, Unit 3B

      CONDOMINIUM OFFICES • 679 SF
      2000 Washington St, Newton, MA 02462-1650
      View Details
    • Value Estimation by Request
      360 SF

      2101 Washington Str

      GOLF COURSE • 360 SF
      2101 Washington Str, Newton, MA 02462-1519
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      18,810 SF

      Office Space in Newton Lower

      Office space for rent with on-site property management.
      2221 Washington St, Newton Lower Falls, MA 02462
      View Details
    • Contact for pricing
      5,985 SF

      Office Space in Newton Lower

      Office space with landscaping, close to amenities and transportation.
      2223 Washington St, Newton Lower Falls, MA 02462
      View Details
    • Contact for pricing
      1,365 SF

      Office Space in Newton Lower

      Office space with landscaping, close to amenities and transportation.
      2227 Washington St, Newton Lower Falls, MA 02462
      View Details
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    399 Grv St
    Newton, MA 02462-1202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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