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Property profile & analytics
FOR LEASE
Office buildings
63 Kendrick St, Needham, MA 02494
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-0964804
For Lease
1 / 2
$13,500,000
63 Kendrick St, Needham, MA 02494
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
118,238 SF
Lot
6 ac (261,360 SF)
Zoning code
I
APN
NEED M:300.0 B:0006 L:0000.0
UPID
US38-0964804
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
-
Gill Engineering Structural Engineer Engineer
-
Continental Wingate Development Company Construction Company General Contractor
-
Schernecker Property Services Construction Company General Contractor
-
CWC Heights Corporation Nursing Home Retirement Community
-
West River Hospice Needham MA Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$13.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.50M
Owner & transaction history
Ep 63 Kendrick Realty LLC · 1 yrs held
Ep 63 Kendrick Realty LLC
since 2024
Last sale
$13.5M
5 recorded transactions
Zoning & alternative use
I · Needham, 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 Needham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Needham 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
$13,500,000
ML approach
$13,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$13.50M
Range $12.15M – $14.85M · ±10% · vs last sale $13.50M (Aug 30 2024)
Last sale anchor
$13.50M
Aug 30 2024
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
$114 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$357,469
Tax year 2024
Assessed value
$14,549,000
Assessed 2024
Previous assessed
$14,549,000
+0.0% YoY
Effective rate
2.46%
On assessed value
Assessed land
$6,409,900
Assessed improvement
$8,139,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Heating
NONE
Cooling
YES
Buildings
2
Total area
118,238 SF
Lot
6 ac (261,360 SF)
Zoning code
I
APN
NEED M:300.0 B:0006 L:0000.0
UPID
US38-0964804
Jurisdiction
NEEDHAM
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
I · Needham, MA
Zoning I · permitted uses
I · Needham, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Needham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Buildings
2
Lot
6 ac
Current owner
From public records · entity-resolved
Ep 63 Kendrick Realty LLC
Entity
Mailing address
63 KENDRICK ST #200, NEEDHAM, MA 02494-2760
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
$13,500,000
Ep 63 Kendrick Realty LLC
155 Fourth RT
Quit Claim Arm's Length For Ne States
$25,650,000 · Bankesb
Jul 28, 2016
—
155 Fourth LLC
—
Deed
related
$14,800,000 · Brookline Bk
Jul 27, 2006
—
155 4th LLC RT
—
Deed Of Trust
related
$18,000,000 · Cw Capital
Aug 27, 1999
—
RT 4th
—
Deed Of Trust
related
$14,000,000 · American National Insurance Co
—
—
155 Fourth LLC
—
Deed Of Trust
related
$14,800,000 · Brookline Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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