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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Banks
827 Highland Ave Needham, MA 02494-1312
Entity Owned
21-yr Hold
Free & Clear
Property ID
US38-1808449
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2010
Total area
4,470 SF
Lot
0.47 ac (20,586 SF)
Zoning code
AS
APN
NEED M:069.0 B:0065 L:0000.0
UPID
US38-1808449
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
-
People's United Bank - ATM Atm
-
Casagrande Upholstery & Carpet Cleaning (Bike/Boat/Book/etc) Store
-
M&T Bank Bank Loan Service
-
Milan Hermida Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$603k
Blend (final)
Blend
$600k
Owner & transaction history
Allied Capital Prop INC · 21 yrs held
Allied Capital Prop INC
since 2004
6 recorded transactions
Zoning & alternative use
AS · 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
by Request
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$600k
Range $540k – $660k · ±10%
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
$134 / 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
$31,167
Tax year 2024
Assessed value
$1,268,500
Assessed 2024
Previous assessed
$1,268,500
+0.0% YoY
Effective rate
2.46%
On assessed value
Assessed land
$760,200
Assessed improvement
$508,300
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2010
Heating
FORCED AIR
Cooling
YES
Stories
2
Total area
4,470 SF
Lot
0.47 ac (20,586 SF)
Zoning code
AS
APN
NEED M:069.0 B:0065 L:0000.0
UPID
US38-1808449
Jurisdiction
NEEDHAM
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
AS · Needham, MA
Zoning AS · permitted uses
AS · 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
Year built
2010
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.47 ac
Current owner
From public records · entity-resolved
Allied Capital Prop INC
Entity
Free & Clear · 21 yrs held
Mailing address
1 M AND T PLZ, BUFFALO, NY 14203-2303
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2004
$1,382,758
Allied Capital Prop INC
Mordav T
Grant Deed
related
—
Mar 29, 2001
—
Hts Rlty Corp
—
Deed Of Trust
related
$53,932 · Zwi Kohorn
Oct 28, 1999
—
Heights Rlty Corp
—
Deed Of Trust
related
$500,000 · Duco Assoc
Oct 7, 1999
$475,000
Heights Rlty Corp
Arra,laurence
Grant Deed
$500,000 · Duco Assoc
Oct 7, 1999
—
Heights Rlty Corp
—
Deed Of Trust
related
$326,000 · Zenon Grzybowski
—
—
Allied Capital Properties
—
Deed Of Trust
related
$1,750,000 · People's United 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.
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