Property profile

650 Washington St Newton, MA 02458

OFF-MARKET
Gas stations
Property ID
US38-0218453
1,740 SF 0.25 ac lot Built 1940
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Gas stations
Use group SERVICE STATION (FULL SERVICE)
Year built 1940
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,740 SF
Lot 0.25 ac (10,769 SF)
Zoning code BU2
APN NEWT S:23 B:018 L:0003
UPID US38-0218453

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
  • Gas Station
  • Gas Station
  • Auto Repair Shop

Location

650 Washington St Newton, MA 02458-1449
Newton metro Census 373300 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.43M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.18M
Blend (final) Blend
$1.33M

Owner & transaction history

since 2022
Last sale
$1.6M
4 recorded transactions
2022
$1.6M
2010
$920,000
2010
Price N/A
2001
$750,000

Zoning & alternative use

BU2 · Newton, MA
Zoning description

The intent of the zone to promote business uses

General category COMMERCIAL

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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