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    Property profile & analytics

    557 Highland Ave Needham, MA 02494-2203

    • Automotive properties
    • 54,094 SF
    • 9.28 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 17, 2021
    $57,500,000
    Location Intelligence
    Property ID
    US38-1134372
    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

    • Muzi Collision Center / Auto Body Shop
    • Muzi Motors Inc Collision / Auto Body Shop
    • Muzi Ford & Chevy Rentals / Ford Dealer

    Property Details for 557 Highland Ave

    Year built
    1986
    Lot size
    9.28 lot acres
    Property size
    54,094 SF
    Zone code
    IND1
    Property type
    Automotive properties
    APN
    NEED M:076.0 B:0003 L:0000.0
    APU
    NEEDM0760B0003L00000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Needham
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.2285
    Latitude
    42.3021
    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
    2024
    $389,194
    $15,840,200
    $0.00
    $15,840,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,995,000
      6,500 SF

      444 Hillside Ave

      AUTO REPAIR, GARAGE • 6,500 SF
      444 Hillside Ave, Needham, MA 02494-1208
      View Details
    • Value Estimation
      $300,000
      0.69 Acres

      4th Ave

      PARKING LOT • 0.69 Acres
      4th Ave, Needham, MA 02494
      View Details
    • Value Estimation
      $485,000
      8,900 SF

      7 Arlington Rd

      AUTO REPAIR, GARAGE • 8,900 SF
      7 Arlington Rd, Needham, MA 02494-2901
      View Details
    • Value Estimation
      $525,000
      3,030 SF

      70 Fremont St

      AUTO REPAIR, GARAGE • 3,030 SF
      70 Fremont St, Needham, MA 02494-2932
      View Details
    • Value Estimation
      $455,000
      2,120 SF

      1032 Highland Ave

      SERVICE STATION (FULL SERVICE) • 2,120 SF
      1032 Highland Ave, Needham, MA 02494-1257
      View Details
    • Value Estimation
      $545,000
      4,940 SF

      27 Wexford St

      AUTO REPAIR, GARAGE • 4,940 SF
      27 Wexford St, Needham, MA 02494-2911
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,700 SF

      Needham Mixed-Use Redevelopment Opportunity

      4,700 SF retail/office building with redevelopment potential in Needham.
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    • New
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      Two-family home in prime location near shops and schools.
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    Similar Nearby for Lease

    • $29 SF/Yr
      1,600 SF

      Renovated Retail Space for Lease

      First floor, renovated retail space on Newton/Needham line.
      33 Highland Ave, Needham, MA 02494
      View Details
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      Retail/Flex Space with Garage

      Retail/flex space with garage, suitable for various commercial uses.
      29 Franklin St, Needham, MA 02494
      View Details
    • Contact for pricing
      1,655 SF

      Retail Space on Highland Avenue

      Sublease retail space with high visibility and on-site parking.
      120 Highland Ave, Needham, MA 02494
      View Details
    • Contact for pricing
      8,126 SF

      Needham Heights Flex Space Available

      8,126 SF flex space for lease in Needham Heights.
      145 Rosemary St, Needham Heights, MA 02494
      View Details
    • Contact for pricing
      3,900 SF

      Updated Office Building in Needham

      Well-positioned office building with recent common area and amenity updates.
      35 Highland Cir, Needham Heights, MA 02494
      View Details
    • Contact for pricing
      1,468 SF

      Needham Heights Office Space Available

      Office space for rent with convenient highway access.
      197 1St Ave, Needham Heights, MA 02494
      View Details
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    557 Highland Ave
    Needham, MA 02494-2203
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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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