475 Hillside AveNeedham, MA 02494

Property Details for 475 Hillside Ave

Lot size

0.36 AC

Property size (Sq ft)

7,099 SF

Zone code

HA

Property type

Office buildings

APN

NEED M:100.0 B:0035 L:0000.0

APU

NEEDM1000B0035L00000

Description

This exceptional Needham, MA office building at 475 Hillside Avenue offers 12 suites totaling 6,500 square feet, with 1,500 square feet currently available. The property is classified as Class B and features a variety of space options, perfect for executive offices, coworking setups, or creative office environments. Individual suites range from a minimum of 250 square feet to a maximum contiguous space of 2,000 square feet, providing flexibility for businesses of all sizes. The building's convenient location in Needham Heights offers easy access to major roadways like Routes 128/95 and is just steps from the commuter rail, providing excellent commuting options. Amenities include ample parking nearby, and the building is situated near popular businesses such as Starbucks and Trader Joe's. The suites themselves are bright and sunny, many featuring waiting rooms. All utilities are included in the rental price, making budgeting simple and straightforward. This property is ideal for a variety of businesses, including satellite offices, therapy practices, non-profits, financial firms, wellness centers, and small businesses. The property's address is 475 Hillside Ave, Needham, MA 02494. The APN is 143014.

• CAP approach

  CAP return

  Valuation

  6%

  $1,173,677

  6.5%

  $1,083,394

  7%

  $1,006,009

• Comparable approach

  Method

  Valuation

  Relative Method

  $927,555

  Geo Method

  $927,555

• Alternative Use

  Use

  Valuation

  Residential

  $1,343,408

  Hospitality

  $1,230,555

  Educational

  $1,023,807

  Medical

  $1,059,018

  Retail

  $1,592,589

Location Insight

City

Needham

County

Norfolk

State

Massachusetts

Latitude

42.2912

Longitude

-71.2378

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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