Flex Space with Office and
For Sale
Contact for pricing
184 Riverview Ave, Waltham, MA 02453
Combined office and warehouse layout with shared parking in a light industrial setting.
Property Size4,583 SF
Price / SF$0.00
Days on Market59
Property Features for 184 Riverview Ave
General Information
Standard status
Active
Size
4,583 SF
Property subtype
Commercial
Amenities
loading dock
Building Details
Year Built
1975
Listing Agency:
Castlearch Property Advisors
(617) 333-8763
Listed By:
Sergio Magno
(978) 835-1915
Source:
Lockandkeyre
Added: Aug 19
Changed: Oct 15
Last Checked: Oct 14 at 11:53PM
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 Castlearch Property Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property combines warehouse and office components under a shared entrance. The warehouse portion measures approximately 2,200 sf and includes a loading dock, while the adjoining office area offers about 2,400 sf arranged across multiple rooms. The property totals 4,583 SF and was built in 1975.
Shared parking serves the property within a light industrial park at 184 Riverview Ave in Waltham, Massachusetts, near the Newton border. The combination of dedicated warehouse functionality and multi-room office space creates a practical configuration for an owner-user or occupant seeking both operational and administrative areas.
Shared parking serves the property within a light industrial park at 184 Riverview Ave in Waltham, Massachusetts, near the Newton border. The combination of dedicated warehouse functionality and multi-room office space creates a practical configuration for an owner-user or occupant seeking both operational and administrative areas.
Key Highlights
- Approximately 2,200 sf shallow‑bay warehouse area
- Approximately 2,400 sf multi‑room office area
- One loading dock
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,728
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,560
$454.6K
Cap Rate 7%
$324,686
$324.7K
Cap Rate 9%
$252,533
$252.5K
Market Conditions
NOI Build-Up for 4,583 SF
Gross rent
$37.4K $8.16/SF
− Vacancy
−$2.4K −$0.53/SF
EGI
$35.0K $7.63/SF
− OpEx
−$12.2K −$2.67/SF
NOI
$22.7K $4.96/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,560
Cap Rate 7%
$324,686
Cap Rate 9%
$252,533
Alternative Uses
Best Use
Office B
$2.08M
$1.82M – $2.42M
NOI $145,420 @ 7.0% cap · market cap 855,411.76%
Second Best
Warehouse
$845.6K
$739.9K – $986.6K
NOI $59,195 @ 7.0% cap · market cap 348,205.88%
Theoretical Best
Office A
$2.71M
$2.37M – $3.17M
NOI $189,918 @ 7.0% cap · market cap 1,117,164.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02453, MA
31,854
Population
13,163
Households
2.4
Avg Household Size
34
Median Age
59%
College-Educated
92%
High-School Grad
3.6 sq mi
ZIP Area
8,848
Density / Sq Mi
$114,029
Median Household Income
$58,036
Median Earnings
$2,063
Median Rent
$666,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Brelundi Cafe — watch factory, waltham, ma 02453
Frequently Asked Questions
What type of property is this?
Flex space - Combined office and warehouse layout with shared parking in a light industrial setting.
Where is this flex space located?
The property is located at 184 Riverview Ave Waltham, MA.
What are key features of this property?
This property features: Approximately 2,200 sf shallow‑bay warehouse area; Approximately 2,400 sf multi‑room office area; One loading dock
