Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    888-892 Main St Waltham, MA

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

    Second generation restaurant space with high visibility and ample parking.

    Type:RETAIL
    Property size:
    3,000 SF
    Lot size:
    0.19 Acres
    Added:
    Jan 24, 2025
    Days on Market:
    462
    Last Refresh:
    Apr 5 at 10:44 pm

    Property Features for 888-892 Main St

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Lot size
    0.19 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 888-892 Main St Contact us

    We can help!

    Listing Contact
    Matt Javitch

    Listing agent Matt Javitch

    Listing office Centre Realty Group

    Listing date Jan 24, 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 Centre Realty Group

    Overview

    Restaurant Space in Waltham, MA

    The property at 888 Main Street in Waltham, MA, is a second-generation restaurant space available for lease. The property features adaptable spaces, including a dining area, a bar area, and a private dining room. It has 95 seats and a maximum occupancy of 150. The space benefits from a high-traffic location on a hard corner, offering prominent visibility. Additional features include ample parking, a large hood vent, and proximity to supporting retail and office spaces. The property size is 3,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • Kiwaz Caribbean Spice — 33 Lexington St, Waltham, MA 02452
    • Raw Silk Catering — 116 Bright St, Waltham, MA 02453

    Location Insight

    • Map
    • Local Demand
    City
    Waltham
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2468
    Latitude
    42.3761

    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?
    Restaurant - Second generation restaurant space with high visibility and ample parking.
    Where is this restaurant located?
    The property is located at 888-892 Main St Waltham, MA.
    What are key features of this property?
    This property features: Prime high traffic location on a hard corner with prominent visibility.; Adaptable spaces including a dining area, a bar area, and a private dining room.; Ample parking.
    (617) 332-0077 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matt Javitch
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!