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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Investment properties
83 Herrick Rd, Newton, MA 02459-2217
Individually Owned
2-yr Hold
Property ID
US38-1491911
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1868
Construction
BRICK
Total area
4,509 SF
Lot
0.42 ac (18,473 SF)
Zoning code
MR1
APN
NEWT S:65 B:019 L:0011
UPID
US38-1491911
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 ACADEMY OF BALLET Theater & Performing Art Venue Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$820k
Owner & transaction history
Jnk Herrick T · 2 yrs held
Jnk Herrick T
since 2023
Last sale
$1
6 recorded transactions
Zoning & alternative use
MR1 · Newton, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,240,000
6.5%
$1,145,000
7%
$1,065,000
Blend value · Realmo final
$820k
Range $738k – $902k · ±10% · vs last sale $1 (Sep 5 2023)
Last sale anchor
$1
Sep 5 2023
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
$182 / 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
Assessed value
$1,882,300
Assessed 2024
Previous assessed
$1,882,300
+0.0% YoY
Assessed land
$1,125,800
Assessed improvement
$756,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1868
Construction
BRICK
Heating
HOT WATER
Buildings
1
Stories
3
Units
1
Rooms
15
Bathrooms
5
Total area
4,509 SF
Lot
0.42 ac (18,473 SF)
Zoning code
MR1
APN
NEWT S:65 B:019 L:0011
UPID
US38-1491911
Jurisdiction
NEWTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
MR1 · Newton, MA
Zoning MR1 · permitted uses
MR1 · 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.
Building & site characteristics
From public records
Year built
1868
Construction
BRICK
Heating
HOT WATER
Stories
3
Buildings
1
Units
1
Rooms
15
Bathrooms
5
Lot
0.42 ac
Current owner
From public records · entity-resolved
Jnk Herrick T
Individual
Mailing address
83 HERRICK RD, NEWTON CENTER, MA 02459-2217
Ownership since
2023
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 5, 2023
—
Jnk Herrick T
83 Herrick T
Quit Claim Deed
related
—
Aug 9, 2023
—
83 Herrick T
James N Kasper
Quit Claim Deed
related
—
Sep 1, 2011
$1
James N Kasper
83 Herrick T
Grant Deed
—
Sep 1, 2011
—
Kasper,james N
—
Grant Deed
related
$938,250 · Metlife Home Loans
Aug 14, 2006
$1
James N Kasper Ft
832 Herrick T
Grant Deed
—
Sep 22, 1994
—
Kids T Little
—
Deed Of Trust
related
$350,000 · Zuckerman Family Nomi
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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