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Property profile & analytics
OFF-MARKET
Estimated value
$2,955,000
Retail space
405409 Washington St, Newton, MA 02458-1637
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US38-0305646
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,110 SF
Lot
0.17 ac (7,202 SF)
Zoning code
BU2
APN
NEWT S:12 B:009 L:0016
UPID
US38-0305646
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.12M
Comparable Approach
Comparable
$2.37M
Blend (final)
Blend
$2.96M
Owner & transaction history
Street T Washington · 16 yrs held
Street T Washington
since 2009
4 recorded transactions
Zoning & alternative use
BU2 · Newton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.3M
+13.2%
Restaurant
$4.1M
+7.7%
Auto repair, garage
$4.0M
+4.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,380,000
6.5%
$3,120,000
7%
$2,895,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,805,000
Current use
OFFICE BUILDING
$4,305,000
Change: +13% · Conversion: Easy
RESTAURANT
$4,095,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,970,000
Change: +4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,910,000
Change: +3% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,250,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$2.96M
Range $2.66M – $3.25M · ±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
$209 / 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
$98,923
Tax year 2024
Assessed value
$5,396,800
Assessed 2024
Previous assessed
$5,380,700
+0.3% YoY
Effective rate
1.83%
On assessed value
Assessed land
$477,000
Assessed improvement
$4,919,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
2
Bathrooms
2
Total area
14,110 SF
Lot
0.17 ac (7,202 SF)
Zoning code
BU2
APN
NEWT S:12 B:009 L:0016
UPID
US38-0305646
Jurisdiction
NEWTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BU2 · Newton, MA
Zoning BU2 · permitted uses
BU2 · Newton, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.8M
OFFICE BUILDING
Est. value
$4.3M
RESTAURANT
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
RETAIL STORES Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
2
Bathrooms
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Street T Washington
Individual
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2009
—
Street T Washington
—
Deed Of Trust
related
$1,850,000 · Village Bank
Mar 8, 2004
—
Street T Washington
—
Deed Of Trust
related
$350,000 · Village Bank & Trust
Nov 29, 1989
—
Washington St.
—
Deed Of Trust
related
$300,000 · Shawmut Bank Of Boston
Apr 24, 1989
—
Wash St Dec Of Tr T
—
Deed Of Trust
related
$200,000 · Shawmut Bank Of Boston
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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