Property profile

648 Highland Ave Needham, MA 02494

OFF-MARKET
Office buildings
Property ID
US38-1797756
4,431 SF 0.2 ac lot
Individually Owned 19-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Total area 4,431 SF
Lot 0.2 ac (8,712 SF)
Zoning code SRB
APN NEED M:071.0 B:0039 L:0000.0
UPID US38-1797756

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency

Location

648 Highland Ave Needham, MA 02494-2236
Needham metro Census 403501 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.60M
Comparable Approach Comparable
$1.76M
Blend (final) Blend
$460k

Owner & transaction history

since 2007
1 recorded transaction
2007
$1.5M

Zoning & alternative use

SRB · Needham, MA
Zoning description

The purpose of this district SRB is to promote Single Residence B uses.

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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