Property profile

47 Cres St Newton, MA 02465

OFF-MARKET
Life science properties
Property ID
US38-0667257
44,618 SF 1.65 ac lot Built 1980
Entity Owned 21-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Life science properties
Use group R&D FACILITY, LABS, PHARMA
Year built 1980
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 44,618 SF
Lot 1.65 ac (72,006 SF)
Zoning code BU2
APN NEWT S:44 B:023 L:0016A
UPID US38-0667257

Cap rate & NOI

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

Location

47 Cres St Newton, MA 02465
Newton metro Census 374700 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$920k

Owner & transaction history

since 2004
5 recorded transactions
2011
Price N/A
2004
$4.4M
2004
Price N/A
1997
$3.6M
1988
$4.5M

Zoning & alternative use

BU2 · Newton, MA
Zoning description

The intent of the zone to promote business uses

General category COMMERCIAL

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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