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Property profile & analytics
OFF-MARKET
Estimated value
$2,955,000
Industrial properties
59 Chapel St 85, Newton, MA 02458-1010
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US38-1694172
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1900
Total area
25,278 SF
Lot
2.68 ac (116,588 SF)
Zoning code
MAN
APN
NEWT S:14 B:001 L:0012
UPID
US38-1694172
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.96M
Owner & transaction history
Chapel Business Partners · 10 yrs held
Chapel Business Partners
since 2015
7 recorded transactions
Zoning & alternative use
MAN · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,480,000
6.5%
$4,135,000
7%
$3,840,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,880,000
Current use
Blend value · Realmo final
$2.96M
Range $2.66M – $3.25M · ±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
$117 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$242,010
Tax year 2020
Assessed value
$14,942,500
Assessed 2024
Previous assessed
$14,084,600
+6.1% YoY
Effective rate
1.62%
On assessed value
Assessed land
$2,858,700
Assessed improvement
$12,083,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1900
Heating
BASEBOARD
Cooling
YES
Buildings
2
Stories
1
Units
10
Total area
25,278 SF
Lot
2.68 ac (116,588 SF)
Zoning code
MAN
APN
NEWT S:14 B:001 L:0012
UPID
US38-1694172
Jurisdiction
NEWTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
MAN · Newton, MA
Zoning MAN · permitted uses
MAN · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.9M
INDUSTRIAL (GENERAL) Current
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
1900
Heating
BASEBOARD
Cooling
Yes
Stories
1
Buildings
2
Units
10
Lot
2.68 ac
Current owner
From public records · entity-resolved
Chapel Business Partners
Entity
Mailing address
150 E 58TH ST, NEW YORK, NY 10155-0002
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2021
—
Chapel Bus Partners LLC
—
Deed
related
$39,775,350 · Pccp Credit 10 Reit Su
Aug 17, 2017
—
Chapel Business Partners
—
Deed
related
$22,500,000 · Washington Tr Co
Oct 22, 2015
$11,375,000
Chapel Business Partners
Fairlane Newton LLC
Quit Claim Deed
$13,540,000 · Cambridge Svgs Bk
Jul 30, 2012
$1
Fairlane Newton LLC
Fairlane Chapel LLC
Grant Deed
related
—
Jul 3, 2007
$6,950,000
Fairlane Chapel LLC
Ma Nabi LLC
Grant Deed
$6,313,000 · Gary Needham
Sep 18, 2003
$2,250,000
Zaki Abdun-nabi
Heidi Blackmer Ret
Grant Deed
—
—
—
Chapel Business Partners
—
Deed Of Trust
related
$22,500,000 · Washington Tr Co
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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