Property profile

989 Watertown St 1003 Newton, MA 02465

OFF-MARKET
Office buildings
Property ID
US38-1275833
35,039 SF 1.05 ac lot Built 1920
Entity Owned 28-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1920
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 35,039 SF
Lot 1.05 ac (45,607 SF)
Zoning code BU1
APN NEWT S:31 B:016 L:0001
UPID US38-1275833

Cap rate & NOI

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

Location

989 Watertown St, Unit 1003 Newton, MA 02465-2130
Newton metro Census 374500 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$10.18M
Blend (final) Blend
$8.57M

Owner & transaction history

since 1997
2 recorded transactions
1997
Price N/A
1988
Price N/A

Zoning & alternative use

BU1 · Newton, MA
Zoning description

The intent of the zone to promote business uses

General category COMMERCIAL

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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