Medical Office Condo For
207-20 Hope Ave Waltham, MA 02453
207-20 Hope Ave, Waltham, MA, 02453
$499,900
For Sale
$499,900
Medical office condo with treatment and exam rooms for sale.
Property Size1,492 SF
Price / SF$335.05
Days on Market130
Property Features for 207-20 Hope Ave
General Information
- Standard status
- Active
- Size
- 1,492 SF
Listing Agency
Gelineau & Associates, R.E.
(781) 710-1749
Listed by
Glenna Gelineau · License #449501018
(781) 710-1749
Source
Exprealty
Added: Mar 9 Checked: Jul 16 at 1:12 pm
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.
Investment Insights
Based on property information with market context.
This first-class medical office condominium, located at 20 Hope Avenue in Waltham, Massachusetts, is available for sale. The condo features elevator and handicap access. The layout includes one treatment room, four exam rooms, two restrooms, a waiting room, a conference room, a private office, and a generous waiting/reception area. The property offers an opportunity to own a medical office condo in a sought-after building with a rental history. The location is convenient, situated just off major highways in Waltham. The property size is 1,492 square feet.
Key Highlights
- First‑class medical office condominium suitable for sale or lease.
- Prime, convenient location just off major highways in Waltham.
- Fully equipped with treatment room, four exam rooms, two restrooms, waiting room, conference room, private office, and reception area.
Local Financial Insights For Healthcare Medical
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 | $81.3k | $54.48 |
| − Vacancy | −$9.1k | −$6.10 |
| EGI | $72.2k | $48.38 |
| − OpEx | −$28.9k | −$19.35 |
| NOI | $43.3k | $29.03 |
1,492 SF · lease $54.48/SF/yr · vacancy 11.20% · expense 40.00%
Alternative Uses
Best Use
Office B
$676.3K
$591.8K – $789.0K
NOI $47,342 @ 7.0% cap · market cap 9.47%
Second Best
Healthcare Medical
$618.7K
$541.4K – $721.8K
NOI $43,308 @ 7.0% cap · market cap 8.66%
Theoretical Best
Office A
$883.3K
$772.9K – $1.03M
NOI $61,828 @ 7.0% cap · market cap 12.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
Similar Off Market Nearby
- A HOUSE CALL VET — 776 main st, waltham, ma 02454
FAQs
What type of property is this?
Medical Office Space - Medical office condo with treatment and exam rooms for sale.
Where is this medical office space located?
The property is located at 207-20 Hope Ave Waltham, MA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: First‑class medical office condominium suitable for sale or lease.; Prime, convenient location just off major highways in Waltham.; Fully equipped with treatment room, four exam rooms, two restrooms, waiting room, conference room, private office, and reception area.
