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

    23-25 Summer Ave Waltham, MA 02452

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Versatile commercial/industrial space for lease in Waltham.

    Lot size:
    0.35 Acres

    Property Features for 23-25 Summer Ave

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.35 Acres

    Building Details

    Year built
    1906

    We can help!

    Listing Contact
    Roberto Magno
    Source: Elliman

    Listing Agency: Castlearch Property Advisors Listing Agent: Roberto Magno

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

    Learn more

    Overview

    Waltham Commercial/Industrial Space Available

    This commercial/industrial space is available for lease in Waltham. The property offers over 14,000 rentable square feet across two levels. The space is currently configured for two tenants but can be combined for a single user. Both levels are suitable for a variety of commercial, industrial, manufacturing, and warehousing purposes. The building features a double-wide exterior loading dock and a small overhead door on the opposite side. The building is fully sprinklered and air conditioned on both levels. There are more than 15 parking spaces available. Flexible rents and lease terms are available.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Similar Places Nearby

    Cruz Market, C M Catering, Salgueros Market ||, Kiwaz Caribbean Spice, Raw Silk Catering

    Location Insight

    • Map
    • Local Demand
    City
    Waltham
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2335413
    Latitude
    42.3811807

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Waltham center

      Flexible workspace in San Jose Airport
      303 Wyman St, Waltham, MA 02451
      View Details
    • Contact for pricing

      Route 128 Multi-Tenant Office Building

      Office building on Route 128 with premium amenities.
      1601 Trapelo Rd, Waltham, MA 02451
      View Details
    • Contact for pricing

      Modern Office Space Available

      Furnished office space with amenities, convenient location, and discounted rate.
      1601 Trapelo Rd, Waltham, MA 02451
      View Details
    • Contact for pricing

      Downtown Waltham Former Grocery Store

      Former grocer in downtown Waltham with shared parking available immediately.
      1 Moody St, Waltham, MA 02451
      View Details
    • Contact for pricing

      Waltham Headquarters Sublease Opportunity

      Office space available for sublease in Waltham, Massachusetts.
      920 Winter St, Waltham, MA 02451
      View Details
    • Contact for pricing

      Class A Office Space Available

      Class A office space for lease in Waltham, Massachusetts.
      800 South St, Waltham, MA 02453
      View Details
    • $1,500 /Mo

      Medical Suite in Doctors Building

      Medical suite for lease in Waltham's Doctors Office Building.
      32 South St, Waltham, MA 02453
      View Details
    • Contact for pricing

      Waltham R&D/cGMP Full Building

      43,372 SF R&D or cGMP opportunity near I-90.
      130 Turner St, Waltham, MA 02453
      View Details
    • Contact for pricing
      26,190 SF

      Waltham Office and Lab Space

      500,000 SF development with flexible layouts and amenities.
      225 Wyman St, Waltham, MA 02451
      View Details
    • $1,500 /Mo
      560 SF

      Medical Suite in Doctors Building

      Medical office suite available for lease in Waltham.
      32 South St, Waltham, MA 02453
      View Details
    • $1,500 /Mo
      767 SF

      Waltham Medical Office Suite

      767 SF medical suite available for lease in Waltham.
      32 South St, Waltham, MA 02453
      View Details
    • Contact for pricing
      1,300 SF

      Renovated Basement Office Space

      Renovated basement office space, currently used as jiu jitsu studio.
      520 Main St, Waltham, MA 02452
      View Details

    FAQs

    What type of property is this?
    Flex space - Versatile commercial/industrial space for lease in Waltham.
    Where is this flex space located?
    The property is located at 23-25 Summer Ave Waltham, MA.
    What are key features of this property?
    This property features: - Over 14,000 RSF of versatile commercial/industrial space.; - Suitable for single or multiple tenants.; - Adaptable for commercial, industrial, manufacturing, and warehousing uses.
    (617) 823-5303
    Request Owner's contact information
    23-25 Summer Ave Waltham, MA 02452
    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.
    23-25 Summer Ave
    Waltham, MA 02452
    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
    23-25 Summer Ave Waltham, MA 02452
    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

    We can help!
    Listing Contact
    Roberto Magno
    Real Estate License ID: MA 9539532
    (617) 823-5303 (617) 333-8763
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!