Waltham Medical Commercial Condo
For Sale
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20 Hope Avenue # 208, Waltham, MA 02452
Medical commercial condo unit in a prime, convenient location.
Property Size1,156 SF
Price / SF$2.55
Days on Market188
Property Features for 20 Hope Avenue # 208
General Information
Standard status
Active
Size
1,156 SF
Property subtype
Commercial
Zoning
commercial
Lease Type
NNN
Taxes and HOA fees
Annual Taxes
$3,928
Building Details
Building Size
1,156 SF
Year Built
1970
Listing Agency:
Gelineau & Associates, R.E.
(781) 894-4020
Listed By:
Glenna Gelineau · License #449501018
(781) 710-1749
Source:
Churchillprop
Added: Apr 25
Changed: Oct 25
Last Checked: Oct 28 at 6:07AM
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 Gelineau & Associates, R.E.
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Investment Insights
Based on property information with market context.
Located at 20 Hope Avenue in Waltham, Massachusetts, this medical commercial condo unit features a check-in area, a waiting room of good size, a private office, two treatment rooms, two exam rooms, and a large restroom. The unit has been recently renovated and updated. The building provides handicap and elevator access and has demonstrated an excellent rental history. The location is convenient, situated just off major highways and routes. This property presents an opportunity to own or lease medical office space in the strategically geographic City of Waltham, suitable for medical or medical-related uses.
Key Highlights
- Recently renovated and updated medical commercial condo unit.
- Prime, convenient location just off major highways and routes in Waltham.
- Ideal for medical or medical‑related use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,555
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,100
$671.1K
Cap Rate 7%
$479,357
$479.4K
Cap Rate 9%
$372,833
$372.8K
Market Conditions
NOI Build-Up for 1,156 SF
Gross rent
$63.0K $54.48/SF
− Vacancy
−$7.1K −$6.10/SF
EGI
$55.9K $48.38/SF
− OpEx
−$22.4K −$19.35/SF
NOI
$33.6K $29.03/SF
Area
Middlesex County, MA
Vacancy
11.20%
Lease Rate
$54.48 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,100
Cap Rate 7%
$479,357
Cap Rate 9%
$372,833
Alternative Uses
Best Use
Office B
$524.0K
$458.5K – $611.3K
NOI $36,680 @ 7.0% cap · market cap 1,243.39%
Second Best
Healthcare Medical
$479.4K
$419.4K – $559.3K
NOI $33,555 @ 7.0% cap · market cap 1,137.46%
Theoretical Best
Office A
$684.3K
$598.8K – $798.4K
NOI $47,904 @ 7.0% cap · market cap 1,623.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,597
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 02452, MA
15,340
Population
5,838
Households
2.6
Avg Household Size
33
Median Age
54%
College-Educated
93%
High-School Grad
3.8 sq mi
ZIP Area
4,037
Density / Sq Mi
$112,902
Median Household Income
$41,351
Median Earnings
$2,325
Median Rent
$779,900
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- A HOUSE CALL VET — 776 main st, waltham, ma 02454
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical commercial condo unit in a prime, convenient location.
Where is this medical office space located?
The property is located at 20 Hope Avenue # 208 Waltham, MA.
What are key features of this property?
This property features: Recently renovated and updated medical commercial condo unit.; Prime, convenient location just off major highways and routes in Waltham.; Ideal for medical or medical‑related use.
