Property profile

296 Newton St Waltham, MA 02453

OFF-MARKET
Office buildings
Property ID
US38-1395868
11,905 SF 0.37 ac lot Built 1980
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a commercial building designed to provide up to 13,000 rentable square feet, with the ability to accommodate individual office suites ranging from approximately 1,150 to 2,800 rentable square feet. It has signage capability and is located at the lighted intersection of Newton Street and High Street. The site is positioned for access to Moody Street’s Restaurant Row area and is within walking distance of the MBTA Commuter Rail, with nearby access to the Mass Pike and Route 95.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1980
Construction STEEL FRAME
Total area 11,905 SF
Lot 0.37 ac (15,943 SF)
APN WALT M:070 B:026 L:0001
UPID US38-1395868

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Law Firm
  • Car Dealership
  • Clothing Store
  • (Bike/Boat/Book/etc) Store Printing Service
  • Vocational School Training Center

Location

296 Newton St Waltham, MA 02453-0423
Waltham metro Census 368700 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
$2.83M
Blend (final) Blend
$2.59M

Owner & transaction history

since 2019
7 recorded transactions
2021
Price N/A
2020
Price N/A
2019
$1.7M
2011
Price N/A
2008
Price N/A
2008
$1.8M
2001
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $3.5M +14.0%
Commercial (general) $3.4M +10.8%
Auto repair, garage $3.4M +10.5%

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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