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Property profile & analytics
OFF-MARKET
Estimated value
$2,870,000
Auto shops
64 Crafts St Newton, MA 02458-1249
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0985529
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,050 SF
Lot
0.14 ac (5,940 SF)
Zoning code
MAN
APN
NEWT S:23 B:016 L:0005
UPID
US38-0985529
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
-
Newton Collision Inc Auto Repair Shop
-
Roche Collision Inc Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.78M
Blend (final)
Blend
$2.87M
Owner & transaction history
740 Beacon Street LLC · 4 yrs held
740 Beacon Street LLC
since 2022
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
MAN · Newton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.2M
+49.5%
Office building
$3.1M
+8.4%
Restaurant
$2.9M
+3.2%
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
$2,725,000
ML approach
$2,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,830,000
Current use
COMMERCIAL (GENERAL)
$4,230,000
Change: +49% · Conversion: Moderate
OFFICE BUILDING
$3,065,000
Change: +8% · Conversion: Difficult
RESTAURANT
$2,920,000
Change: +3% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,785,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$2,710,000
Change: -4% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,315,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$2.87M
Range $2.58M – $3.16M · ±10% · vs last sale $3.00M (May 11 2022)
Last sale anchor
$3.00M
May 11 2022
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
$286 / 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
$41,890
Tax year 2024
Assessed value
$2,285,300
Assessed 2024
Previous assessed
$1,624,000
+40.7% YoY
Effective rate
1.83%
On assessed value
Assessed land
$475,800
Assessed improvement
$1,809,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
2
Bathrooms
2
Total area
10,050 SF
Lot
0.14 ac (5,940 SF)
Zoning code
MAN
APN
NEWT S:23 B:016 L:0005
UPID
US38-0985529
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
AUTO REPAIR, GARAGE Current
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$4.2M
OFFICE BUILDING
Est. value
$3.1M
RESTAURANT
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
RETAIL STORES
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
2
Bathrooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
740 Beacon Street LLC
Entity
Mailing address
488 HIGH ST, DEDHAM, MA 02026-2837
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2022
$3,000,000
740 Beacon Street LLC
George J Mourgis
Quit Claim Arm's Length For Ne States
$2,400,000 · Middlesex Fsla
Jun 12, 2009
—
George J Mourgis
—
Deed Of Trust
related
$100,000 · Village Bank
Feb 21, 2008
—
George J Mourgis
—
Deed Of Trust
related
$719,000 · Village Bank
Mar 9, 2007
$1
George J Mourgis
Mourgis,george J
Grant Deed
related
—
Jun 14, 2005
—
George J Mourgis
—
Deed Of Trust
related
$200,000 · Village Bank
Mar 17, 2003
—
George J Mourgis
—
Deed Of Trust
related
$525,377 · Auburndale Coop Bank
Nov 8, 1996
—
George J Mourgis
—
Deed Of Trust
related
$450,000 · Auburndale Coop Bank
Apr 5, 1995
$218,000
George J Mourgis
Venditti,antonio
Grant Deed
$133,000 · Auburndale Coop Bank
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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