Multi-Unit Flex
20 Clematis Ave Waltham, MA 02453
20 Clematis Ave, Waltham, MA, 02453
$2,495,000
For Sale
$2,495,000
Multi-tenant flex building with office, light assembly/production space, and ground-floor warehouse/fitness use.
Property Size11,144 SF
Price / SF$223.89
Days on Market64
Property Features for 20 Clematis Ave
General Information
- Standard status
- Active
- Size
- 11,144 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing agency
W. J. Nealon Commercial Realty, Inc.
(617) 835-5552
Listed by
John Nealon · License #MA 135760-RE-B
(617) 835-5552
Source
Alliancepartnersre
Added: May 19 Updated: Jul 21 at 5:08AM Checked: Jul 21 at 5:08AM
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 W. J. Nealon Commercial Realty, Inc.
Investment Insights
Based on property information with market context.
This for-sale flex building currently includes three separate units: a small 416 sq. ft. office that is owner occupied until closing, approximately 6,000 sq. ft. of light assembly/production and office space, and 4,786 sq. ft. of ground-floor warehouse space. The former printing and graphics portion includes central air conditioning and a dedicated loading dock. The ground floor provides grade-level access with tailboard loading doors.
The building’s warehouse space is currently used as a boxing gym and fitness club. Parking is available across the commonly owned parcel at 1 Wilber Street, with 8 of the 18 total parking spaces located there.
The combination of office, light production/office, and grade-level loading positions the property for flexible occupant needs within a multi-unit setup.
The building’s warehouse space is currently used as a boxing gym and fitness club. Parking is available across the commonly owned parcel at 1 Wilber Street, with 8 of the 18 total parking spaces located there.
The combination of office, light production/office, and grade-level loading positions the property for flexible occupant needs within a multi-unit setup.
Key Highlights
- 1950‑built multi‑tenant flex building with 3 units: 416 SF office, 6,000 SF light assembly/production & office, and 4,786 SF warehouse/fitness space
- Former printing/graphics area includes central air conditioning and a dedicated loading dock
- Ground floor offers grade‑level and tailboard loading doors
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $179.2k | $16.08 |
| − Vacancy | −$9.9k | −$0.88 |
| EGI | $169.3k | $15.20 |
| − OpEx | −$25.4k | −$2.28 |
| NOI | $143.9k | $12.92 |
11,144 SF · lease $16.08/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$5.05M
$4.42M – $5.89M
NOI $353,604 @ 7.0% cap · market cap 14.17%
Second Best
Warehouse
$2.06M
$1.80M – $2.40M
NOI $143,939 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$6.60M
$5.77M – $7.70M
NOI $461,805 @ 7.0% cap · market cap 18.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sorabella Corporation
Landscaping
STC Boxing & Fitness
Gym & Fitness Center
Citius Printing & Graphics
Marketing & Advertising
Fusion Workouts
Gym & Fitness Center
Similar For Sale Nearby
Similar Off Market Nearby
- Frosty Ice Cream — 101 Clematis Ave #11, Waltham, MA 02453
- Culinary Inspirations — Watertown, MA 02472
- Food Truck Ventures — 66 Ralph St, Watertown, MA 02472
- Food Trucks 2 Go — 66 Ralph St, Watertown, MA 02472
FAQs
What type of property is this?
Flex space - Multi-tenant flex building with office, light assembly/production space, and ground-floor warehouse/fitness use.
Where is this flex space located?
The property is located at 20 Clematis Ave Waltham, MA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: 1950‑built multi‑tenant flex building with 3 units: 416 SF office, 6,000 SF light assembly/production & office, and 4,786 SF warehouse/fitness space; Former printing/graphics area includes central air conditioning and a dedicated loading dock; Ground floor offers grade‑level and tailboard loading doors
