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Property profile & analytics
OFF-MARKET Estimated value $20,395,000
Office buildings

60 Kendrick St Needham, MA 02494-2726

67,492 SF 2.76 ac lot Built 1959
Entity Owned 36-yr Hold Free & Clear
Property ID
US38-1939256
Property summary
AI-generated overview

This exceptional commercial property at 60 Kendrick Street in Needham, Massachusetts, offers a unique opportunity for businesses seeking flexible and adaptable workspace. Located just off I-95's new Exit 35A, this prime location provides unparalleled access to major transportation arteries, simplifying commutes and logistics. The building boasts a total of 42,000 square feet of vacant space, divisible into units as small as 7,000 square feet, offering scalability to suit various business needs. The property's versatile design caters to a range of uses, including flex, warehouse, traditional office, and creative office spaces. The building features two loading docks and four drive-in bays, providing efficient loading and unloading capabilities, ideal for businesses requiring robust logistical support. On-site ownership and management ensure responsive and attentive building maintenance and operations. The property is situated near numerous amenities, enhancing the convenience and appeal for employees and clients alike. With its strategic location, flexible space options, and comprehensive amenities, 60 Kendrick Street presents an exceptional opportunity for businesses seeking a modern and efficient workspace in the thriving Needham market. The property is currently available for multiple tenants.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1959
Total area 67,492 SF
Lot 2.76 ac (120,008 SF)
Zoning code NEBC
APN NEED M:300.0 B:0004 L:0000.0
UPID US38-1939256
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
  • Chestnut Hill Chiropractic & Rehabilitation Alternative Medicine Practice
  • Alice Armstrong Physician
  • Boston Platinum Management Property Management Company
  • Dr. Ginette Lafleche Physician
  • Jeffrey Gottlieb Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$24.31M
Comparable Approach Comparable
$22.35M
Blend (final) Blend
$20.40M
Owner & transaction history
REALTY CORP
REALTY CORP
Zoning & alternative use
NEBC · Needham, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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