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    Property profile & analytics

    55 Tower Rd Newton, MA 02464-1510

    • Investment properties
    • 163,814 SF
    • 11.10 lot acres
    OFF-MARKET
    Value Estimation
    $13,560,000
    Last Sale
    Oct 04, 2023
    $12,980,000
    Location Intelligence
    Property ID
    US38-0263745
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 55 Tower Rd

    Year built
    1898
    Lot size
    11.10 lot acres
    Property size
    163,814 SF
    Zone code
    MU1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    NEWT S:51 B:028 L:0005
    APU
    NEWTS51B028L0005

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $14,030,000

    • CAP approach

      CAP return
      Estimation
      6%
      $12,485,000
      6.5%
      $13,455,000
      7%
      $13,470,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $15,035,000
      Geo Method
      $13,600,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $14,030,000
      Retail
      $14,230,000
      Mixed-Use
      $12,165,000
      Hospitality
      $12,845,000
      Educational
      $11,325,000
      Residential Income
      $11,510,000
      Energy
      $10,775,000
      Income-Based Land
      $13,885,000
      Food Service
      $10,775,000

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2176
    Latitude
    42.3093
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $265,039
    $16,142,000
    $0.00
    $16,142,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,296 SF

      114 High St

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      View Details
    • Value Estimation by Request
      15,815 SF

      287 Elliot St, Unit 301

      OFFICE/RESIDENTIAL (MIXED USE) • 15,815 SF
      287 Elliot St, Newton, MA 02464-1261
      View Details
    • Value Estimation by Request
      6,566 SF

      973-975 Chestnut St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,566 SF
      973-975 Chestnut St, Newton, MA 02464
      View Details
    • Value Estimation
      $320,000
      966 SF

      203 Elliot St

      OFFICE/RESIDENTIAL (MIXED USE) • 966 SF
      203 Elliot St, Newton, MA 02464-1230
      View Details
    • Value Estimation by Request
      43,501 SF

      320-322 Needham St

      OFFICE/RESIDENTIAL (MIXED USE) • 43,501 SF
      320-322 Needham St, Newton, MA 02464
      View Details
    • Value Estimation by Request
      3,808 SF

      1211-1213 Chestnut St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,808 SF
      1211-1213 Chestnut St, Newton, MA 02464
      View Details

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    55 Tower Rd
    Newton, MA 02464-1510
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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