Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waltham Research Park Flex Space Title is generated by Realmo AI

    350 2nd Ave, Waltham, MA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Interconnected buildings for research, innovation, and advanced manufacturing.

    Type:FLEX_R_AND_D
    Property size:
    30,950 SF
    Lot size:
    2.37 Acres
    Added:
    Mar 21, 2025
    Days on Market:
    418
    Last Refresh:
    Apr 5 at 9:54 pm

    Property Features for 350 2nd Ave

    General Information

    Standard status
    Active
    Size
    30,950 SF
    Lot size
    2.37 Acres
    Property subtype
    FLEX_R_AND_D

    Spaces For Lease

    at 350 2nd Ave Contact us

    We can help!

    Listing Contact
    Arthur Amadei
    Arthur Amadei

    Listing agent Arthur Amadei

    Listing office R.W. Holmes Commercial Real Estate

    Listing date Mar 21, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of R.W. Holmes Commercial Real Estate

    HighLights

    • Premier hub for research, innovation, and advanced manufacturing.
    • Located in Waltham Research Park.
    • Consists of three interconnected buildings.
    • Located at 350, 358, and 360 Second Avenue in Waltham, Massachusetts.
    • Collectively branded as Waltham Research Park.

    Overview

    Waltham Research Park, located at 350, 358, and 360 Second Avenue in Waltham, Massachusetts, consists of three interconnected buildings. These properties, collectively branded as Waltham Research Park, serve as a hub for research, innovation, and advanced manufacturing. The property offers 30950 square feet of flex and industrial space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    QinetiQ US Manufacturer

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Cricket Cafe & Catering — 1075 Main St, Waltham, MA 02451
    • Uptown Gourmet — 400 5th Ave #510, Waltham, MA 02451

    Location Insight

    • Map
    • Local Demand
    City
    Waltham
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2675
    Latitude
    42.3864

    Nearby Similar for Lease

    • Contact for pricing

      Prime Retail Space on Moody

      Up to 7,500 SF retail space for lease.
      274 Moody St, Waltham, MA 02453
      View Details
    • Contact for pricing

      Renovated Office Space on Moody

      Renovated office space for lease on vibrant Moody Street.
      280 Moody St, Waltham, MA 02453
      View Details
    • Contact for pricing

      Functional Office Suite on Route 128

      5,317 SF office suite in accessible Waltham location.
      400 5th Ave, Waltham, MA 02451
      View Details
    • $6,000/Mo

      Prime Location Restaurant/Retail Opportunity

      Prime location for restaurant or retail with renovation potential.
      592-600 Moody St, Waltham, MA 02453
      View Details
    • Contact for pricing

      Second-Floor Office Suite For Rent

      Office suite with flexible layout, suitable for various operational needs.
      49 River St, Waltham, MA 02453
      View Details
    • Sponsored
      Contact for pricing

      Waltham center

      303 Wyman St, Unit 300, Waltham, MA 02451
      View Details
    • $23 SF/Yr

      Waltham Office Building For Rent

      Full building or individual suites available near Moody Street.
      296 Newton St, Waltham, MA 02453
      View Details
    • Contact for pricing

      Freestanding Building on Corner Location

      8,000 sq ft building with high visibility and traffic.
      305 2nd Ave, Waltham, MA 02452
      View Details
    • $1,350/Mo

      Waltham Office Suite For Rent

      Centrally located office suite with off-street parking and MBTA access.
      740 Main St 103, Waltham, MA 02451
      View Details
    • $2,500/Mo

      Renovated Basement Office Space

      Renovated basement office space, currently used for jiu jitsu.
      520 Main St #c, Waltham, MA 02452
      View Details
    • Contact for pricing

      Waltham Office Suite For Rent

      1547 SF office suite in Waltham, ample parking.
      440 Totten Pond Rd, Waltham, MA 02451
      View Details
    • Contact for pricing

      Renovated Office Space Available

      Renovated office space in a renovated warehouse building.
      100 Felton St #2nd, Waltham, MA 02453
      View Details

    FAQs

    What type of property is this?
    Flex space - Interconnected buildings for research, innovation, and advanced manufacturing.
    Where is this flex space located?
    The property is located at 350 2nd Ave Waltham, MA.
    What are key features of this property?
    This property features: Premier hub for research, innovation, and advanced manufacturing.; Located in Waltham Research Park.; Consists of three interconnected buildings.
    (508) 651-9018 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Arthur Amadei
    Arthur Amadei
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    350 2nd Ave, Waltham, MA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!