Property profile

981 Chestnut St Newton, MA 02464

OFF-MARKET
Office buildings
Property ID
US38-1391521
1,377 SF 0.25 ac lot Built 1825
Individually Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1825
Construction FRAME
Total area 1,377 SF
Lot 0.25 ac (11,056 SF)
Zoning code BU1
APN NEWT S:51 B:002 L:0005
UPID US38-1391521

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
  • Telecommunications Service

Location

981 Chestnut St Newton, MA 02464-1101
Newton metro Census 374100 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$765k
CAP Approach CAP
$715k
Comparable Approach Comparable
$590k
Blend (final) Blend
$765k

Owner & transaction history

since 2024
Last sale
$765,000
5 recorded transactions
2024
Price N/A
2024
$765,000
2011
$11,832
2004
Price N/A
2000
$295,000

Zoning & alternative use

BU1 · Newton, MA
Zoning description

The intent of the zone to promote business uses

General category COMMERCIAL
Top alternative use upside
Commercial (general) $580,000 +37.9%

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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