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Property profile & analytics
OFF-MARKET
Estimated value
$48,215,000
Manufacturing properties
9 B St Needham, MA 02494-2701
Entity Owned
8-yr Hold
Free & Clear
Property ID
US38-2216963
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Total area
408,199 SF
Lot
23.35 ac (1,017,126 SF)
Zoning code
NEBC
APN
NEED M:300.0 B:0014 L:0000.0
UPID
US38-2216963
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
-
Coca-Cola Vending Big Box & Wholesale Store
-
Coca-Cola Bottling Company of New England Industrial Manufacturer Production Facility
-
Aracy Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$66.80M
Comparable Approach
Comparable
$49.33M
Blend (final)
Blend
$48.22M
Owner & transaction history
Coca-cola Bottling Co · 8 yrs held
Coca-cola Bottling Co
since 2017
1 recorded transaction
Zoning & alternative use
NEBC · Needham, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$70.6M
+5.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$72,365,000
6.5%
$66,800,000
7%
$62,030,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$66,925,000
Current use
WAREHOUSE, STORAGE
$70,555,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$48.22M
Range $43.39M – $53.04M · ±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
$118 / 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
$766,405
Tax year 2024
Assessed value
$31,192,700
Assessed 2024
Previous assessed
$26,716,500
+16.8% YoY
Effective rate
2.46%
On assessed value
Assessed land
$5,545,300
Assessed improvement
$25,647,400
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Cooling
YES
Buildings
7
Total area
408,199 SF
Lot
23.35 ac (1,017,126 SF)
Zoning code
NEBC
APN
NEED M:300.0 B:0014 L:0000.0
UPID
US38-2216963
Jurisdiction
NEEDHAM
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
NEBC · Needham, MA
Zoning NEBC · permitted uses
NEBC · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$66.9M
WAREHOUSE, STORAGE
Est. value
$70.6M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Cooling
Yes
Buildings
7
Lot
23.35 ac
Current owner
From public records · entity-resolved
Coca-cola Bottling Co
Entity
Free & Clear · 8 yrs held
Mailing address
1 EXECUTIVE PARK DR STE #330, BEDFORD, NH 03110-6913
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2017
$24,489,500
Coca-cola Bottling Co
Coca-cola Refreshments
Quit Claim Deed
—
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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