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Property profile & analytics
OFF-MARKET
Estimated value
$13,555,000
Industrial properties
5 Tv Pl Needham, MA 02494-2302
Individually Owned
27-yr Hold
Free & Clear
Property ID
US38-1557133
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1984
Total area
84,002 SF
Lot
4.59 ac (200,158 SF)
Zoning code
IND1
APN
NEED M:076.0 B:0010 L:0000.0
UPID
US38-1557133
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
-
WCVB Channel 5 Television Studio Media Distribution
-
WCVB Stay and Play Event Planning
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.75M
Comparable Approach
Comparable
$17.06M
Blend (final)
Blend
$13.56M
Owner & transaction history
Hearst-argyle Stations · 27 yrs held
Hearst-argyle Stations
since 1999
2 recorded transactions
Zoning & alternative use
IND1 · Needham, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$21.5M
+56.1%
Warehouse, storage
$14.5M
+5.4%
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 Needham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Needham 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%
$14,890,000
6.5%
$13,745,000
7%
$12,765,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$13,770,000
Current use
COMMERCIAL (GENERAL)
$21,500,000
Change: +56% · Conversion: Difficult
WAREHOUSE, STORAGE
$14,520,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$13.56M
Range $12.20M – $14.91M · ±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
$161 / 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
$265,046
Tax year 2024
Assessed value
$10,787,400
Assessed 2024
Previous assessed
$10,269,700
+5.0% YoY
Effective rate
2.46%
On assessed value
Assessed land
$8,851,700
Assessed improvement
$1,935,700
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1984
Heating
CENTRAL
Cooling
YES
Buildings
9
Stories
2
Total area
84,002 SF
Lot
4.59 ac (200,158 SF)
Zoning code
IND1
APN
NEED M:076.0 B:0010 L:0000.0
UPID
US38-1557133
Jurisdiction
NEEDHAM
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
IND1 · Needham, MA
Zoning IND1 · permitted uses
IND1 · Needham, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Needham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$13.8M
COMMERCIAL (GENERAL)
Est. value
$21.5M
WAREHOUSE, STORAGE
Est. value
$14.5M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1984
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
9
Lot
4.59 ac
Current owner
From public records · entity-resolved
Hearst-argyle Stations
Individual
Free & Clear · 27 yrs held
Mailing address
170 E RIDGEWOOD AVE STE, RIDGEWOOD, NJ 07450-3860
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 1999
$15,000,000
Hearst-argyle Stations
Metromedia Co
Grant Deed
—
Mar 16, 1999
$6,580,040
Metromedia Co
Blyth Estman Paine Web
Grant Deed
—
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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