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    Property profile & analytics

    61 Central Ave Needham, MA 02494-2927

    • Office buildings
    • 2,784 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    $420,000
    Location Intelligence
    Property ID
    US38-1197744
    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

    • Sterling Stone Real Estate Co / Real Estate Agency

    Property Details for 61 Central Ave

    Year built
    1948
    Lot size
    0.14 lot acres
    Property size
    2,784 SF
    Zone code
    NB
    Property type
    Office buildings
    APN
    NEED M:080.0 B:0005 L:0000.0
    APU
    NEEDM0800B0005L00000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $395,000

    • CAP approach

      CAP return
      Estimation
      6%
      $425,000
      6.5%
      $480,000
      7%
      $425,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $490,000
      Geo Method
      $470,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $405,000
      Retail
      $430,000
      Mixed-Use
      $540,000
      Hospitality
      $515,000
      Educational
      $520,000
      Residential Income
      $520,000
      Energy
      $540,000
      Income-Based Land
      $475,000
      Food Service
      $515,000

    Location Insight

    • Map
    • Local Demand
    City
    Needham
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.2293
    Latitude
    42.3111
    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
    $11,941
    $171,200
    $314,800
    $486,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.02 Acres

      77 Wexford St

      OFFICE BUILDING • 1.02 Acres
      77 Wexford St, Needham, MA 02494-2916
      View Details
    • Value Estimation
      $2,695,000
      8,080 SF

      87 Cres Rd

      OFFICE BUILDING • 8,080 SF
      87 Cres Rd, Needham, MA 02494-1437
      View Details
    • Value Estimation by Request
      18,546 SF

      100 Cres Rd

      OFFICE BUILDING • 18,546 SF
      100 Cres Rd, Needham, MA 02494-1443
      View Details
    • Value Estimation
      $535,000
      6,684 SF

      16 Franklin St

      OFFICE BUILDING • 6,684 SF
      16 Franklin St, Needham, MA 02494-2952
      View Details
    • Value Estimation by Request
      7,740 SF

      225 Highland Ave

      OFFICE BUILDING • 7,740 SF
      225 Highland Ave, Needham, MA 02494-3045
      View Details
    • Value Estimation
      $8,925,000
      69,144 SF

      175 Highland Ave

      OFFICE BUILDING • 69,144 SF
      175 Highland Ave, Needham, MA 02494-3034
      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.
      50 Central Ave, Needham Heights, MA 02494
      View Details
    • New
      $989,900
      0.19 Acres

      Needham Residential Land Redevelopment Opportunity

      Residential land in Needham Heights, ideal for redevelopment or expansion.
      3 Crescent Rd, Needham, MA 02494
      View Details
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      Redevelopment Opportunity on Central Avenue

      Commercial land available for owner-user or redevelopment.
      40-50 Central Ave, Needham, MA 02494
      View Details
    • $899,000

      Two-Family Home in Needham Heights

      Two-family home in prime location near shops and schools.
      187 Saint Mary St, Needham, MA 02494
      View Details

    Similar Nearby for Lease

    • 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
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      Needham Suburban Office Space Available

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    • Contact for pricing
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      Class A Office Space

      Class A office building in dynamic Needham Crossing business park.
      75 2Nd Ave, Needham Heights, MA 02494
      View Details
    • $42 SF/Yr
      4,660 SF

      Class A Office Space Available

      Class A office building with renovated common areas and parking.
      300 1St Ave, Needham, MA 02494
      View Details
    • Contact for pricing
      11,886 SF

      Lab and Office Building

      213,000 SF lab and office space for lease.
      117 Kendrick St, Needham, MA 02494
      View Details
    • Contact for pricing
      3,664 SF

      Class A Office Space

      73,167 SF Class A office building for rent.
      250 1St Ave, Needham, MA 02494
      View Details
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    61 Central Ave
    Needham, MA 02494-2927
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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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