Property profile

50 Tower Rd Newton, MA 02464

OFF-MARKET
Showrooms
Property ID
US38-0993066
20,000 SF 1.25 ac lot Built 1973
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1973
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 20,000 SF
Lot 1.25 ac (54,316 SF)
Zoning code MU1
APN NEWT S:51 B:028 L:0008F
UPID US38-0993066

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Physician
  • Alternative Medicine Practice Acupuncture

Location

50 Tower Rd Newton, MA 02464-1599
Newton metro Census 374100 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.50M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$10.29M

Owner & transaction history

since 2022
Last sale
$12.0M
6 recorded transactions
2022
$12.0M
2013
Price N/A
2011
Price N/A
2007
Price N/A
1998
Price N/A
1997
Price N/A

Zoning & alternative use

MU1 · Newton, MA
Zoning description

The intent of the zone to promote mixed uses

General category MIXED_USE

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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