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Property profile & analytics
OFF-MARKET
Office Spaces
505 Waltham St 10 Newton, MA 02465-1928
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US38-1674237
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1980
Construction
CONCRETE
Total area
634 SF
Lot
0.19 ac (8,400 SF)
Zoning code
BU1
APN
NEWT S:33 B:011 L:0010
UPID
US38-1674237
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
-
Harrington & Martins Attorneys at Law Law Firm Child Welfare Organization
-
Harrington & Harrington: Attorneys at Law Law Firm
-
Vasso Skin Care Hair Salon Nail Salon
-
Riverstone Massage Therapy Alternative Medicine Practice Spa & Massage Center
-
Jessica Locke Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jessica E Locke T · 9 yrs held
Jessica E Locke T
since 2017
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,453
Tax year 2024
Assessed value
$297,500
Assessed 2024
Previous assessed
$297,500
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed improvement
$297,500
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1980
Construction
CONCRETE
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Rooms
5
Total area
634 SF
Lot
0.19 ac (8,400 SF)
Zoning code
BU1
APN
NEWT S:33 B:011 L:0010
UPID
US38-1674237
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.
Building & site characteristics
From public records
Year built
1980
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Rooms
5
Lot
0.19 ac
Current owner
From public records · entity-resolved
Jessica E Locke T
Individual
Mailing address
505 WALTHAM ST STE #1, NEWTON, MA 02465-1928
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2017
$300,000
Jessica E Locke T
505 Waltham Street T
Quit Claim Arm's Length For Ne States
$228,000 · Village Bank
Nov 21, 2012
—
Waltham Street T 505
—
Deed Of Trust
related
$260,000 · Watertown Savings Bank
Apr 18, 1997
—
Waltham St T 505
—
Deed Of Trust
related
$217,653 · Auburndale Coop Bank
Sep 20, 1990
—
505 Waltham St Trust
—
Deed Of Trust
related
$215,000 · West Newton Svgs Bk
Jan 14, 1987
—
505 Waltham St Tr
—
Deed Of Trust
related
$200,000 · West Newton Svgs Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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