13 Highland CirNeedham, MA 02494

Property Details for 13 Highland Cir

Year built

1967

Lot size

0.41 AC

Property size (Sq ft)

9,360 SF

Zone code

H128

Property type

Office buildings

APN

NEED M:074.0 B:0009 L:0000.0

APU

NEEDM0740B0009L00000

Description

This exceptional 8,900 square foot office building presents a unique investment opportunity in the desirable Needham, MA market. Situated on a sizable 0.41-acre lot, the property offers significant potential for multi-tenant occupancy. The building's design incorporates multiple utility meters, providing flexibility and efficiency for multiple tenants or a single large user. This feature allows for independent billing and streamlined management of utilities, making it an attractive option for both investors and businesses seeking to expand or consolidate their operations. The building's current condition is described as subvisible, suggesting potential for renovation or modernization to enhance its appeal and market value. The strategic location in Needham offers easy access to major transportation routes, providing convenient commutes for employees and clients. This property is priced competitively at $3,100,000, representing a compelling investment opportunity in a thriving Massachusetts community. The substantial square footage and multi-tenant capabilities make this an ideal asset for those seeking a strong return on investment in a prime location. Serious inquiries are encouraged to explore the full potential of this exceptional commercial property. Further details regarding the building's layout, current occupancy, and potential for future development are available upon request. This is a rare opportunity to acquire a well-situated office building with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,547,488

  6.5%

  $1,428,450

  7%

  $1,326,418

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,222,978

  Geo Method

  $1,222,978

• Alternative Use

  Use

  Valuation

  Residential

  $1,771,278

  Hospitality

  $1,622,481

  Educational

  $1,349,885

  Medical

  $1,396,310

  Retail

  $2,099,822

Location Insight

City

Needham

County

Norfolk

State

Massachusetts

Latitude

42.3065

Longitude

-71.2181

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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