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Property profile & analytics
OFF-MARKET
Estimated value
$3,050,000
Office buildings
447 Ctr St Newton, MA 02458-2099
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-0711080
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1949
Total area
13,240 SF
Lot
0.11 ac (4,623 SF)
Zoning code
BU1
APN
NEWT S:12 B:012 L:0011
UPID
US38-0711080
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
-
Reassuring Insurance Insurance Agency
-
Zipcar Car Rental Facility
-
Waste Co Newton Waste Management Facility Hazardous Waste Disposal
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.81M
Blend (final)
Blend
$3.05M
Owner & transaction history
447 Centre LLC · 2 yrs held
447 Centre LLC
since 2023
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
BU1 · Newton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,915,000
ML approach
$3,230,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,040,000
Current use
RESTAURANT
$3,845,000
Change: -5% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,725,000
Change: -8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,670,000
Change: -9% · Conversion: Difficult
RETAIL STORES
$3,570,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$3.05M
Range $2.75M – $3.36M · ±10% · vs last sale $3.15M (Nov 3 2023)
Last sale anchor
$3.15M
Nov 3 2023
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
$230 / 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
$35,397
Tax year 2024
Assessed value
$1,931,100
Assessed 2024
Previous assessed
$1,987,100
-2.8% YoY
Effective rate
1.83%
On assessed value
Assessed land
$401,400
Assessed improvement
$1,529,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1949
Heating
STEAM
Cooling
YES
Buildings
1
Stories
2
Units
2
Rooms
2
Bathrooms
2
Total area
13,240 SF
Lot
0.11 ac (4,623 SF)
Zoning code
BU1
APN
NEWT S:12 B:012 L:0011
UPID
US38-0711080
Jurisdiction
NEWTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BU1 · Newton, MA
Zoning BU1 · permitted uses
BU1 · 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
OFFICE BUILDING Current
Est. value
$4.0M
RESTAURANT
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
RETAIL STORES
Est. value
$3.6M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1949
Heating
STEAM
Cooling
Yes
Stories
2
Buildings
1
Units
2
Rooms
2
Bathrooms
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
447 Centre LLC
Entity
Mailing address
447 CTR ST, NEWTON, MA 02458-2099
Ownership since
2023
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
Nov 3, 2023
$3,150,000
447 Centre LLC
Atlas Realty Tii
Quit Claim Arm's Length For Ne States
$2,677,500 · Bank Of America NA
Aug 21, 2017
—
Mehrdad Farhangmehr
Atlas Realty Trust
Quit Claim Deed
related
—
Sep 9, 2011
—
Atlas RT
—
Deed Of Trust
related
$820,000 · East Boston Savings Bank
Sep 4, 2009
—
Atlas RT
—
Deed Of Trust
related
$500,000 · East Boston Savings Bank
Feb 16, 1995
$456,975
Atlas RT
Atlas RT
Grant Deed
related
$470,000 · Grove Bank
Mar 20, 1989
—
447 Centre St. RT
—
Deed Of Trust
related
$500,000 · Baybank Middlesex
Nov 9, 1988
$775,000
447 Centre St Rlty Tr
B L Benjamin Trust
Grant Deed
$200,000 · Zenon Grzybowski
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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