Property profile

70 Wls Ave Newton, MA 02459

OFF-MARKET
Office buildings
Property ID
US38-1512616
28,727 SF 2.62 ac lot Built 1978
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1978
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 28,727 SF
Lot 2.62 ac (114,125 SF)
Zoning code LMD
APN NEWT S:84 B:034A L:0008
UPID US38-1512616

Cap rate & NOI

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

Location

70 Wls Ave Newton, MA 02459-3233
Newton metro Census 374000 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.67M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.65M
Blend (final) Blend
$3.72M

Owner & transaction history

since 2023
Last sale
$4.0M
7 recorded transactions
2023
$4.0M
2013
Price N/A
2001
$5.1M
1998
$3.9M
1997
Price N/A
1989
Price N/A
1988
Price N/A

Zoning & alternative use

LMD · Newton, MA
Zoning description

The intent of the zone to promote light manufacturing uses

General category INDUSTRIAL

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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