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    Medical Office Condo For Sale Title is generated by Realmo AI

    207-20 Hope Ave, Waltham, MA 02453

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    For Sale
    $529,000

    Medical office condo with treatment and exam rooms for sale.

    Property size:
    1,492 SF
    Price / SF:
    $354/SF
    Added:
    Mar 9, 2026
    Days on Market:
    84
    Last Refresh:
    May 27 at 10:47 pm

    Property Features for 207-20 Hope Ave

    General Information

    Standard status
    Active
    Size
    1,492 SF

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    Listing Contact
    Glenna Gelineau

    Listing agent Glenna Gelineau License #449501018

    Listing office Gelineau & Associates, R.E.

    Listing date Mar 9, 2026

    Source Exprealty

    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.

    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.
    • Elevator and handicap access.
    • Excellent rental history.
    • Highly sought‑after building.

    Overview

    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.

    Local Financial Insights For Office B

    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 $80.9k $54.24
    − Vacancy −$17.8k −$11.93
    EGI $63.1k $42.31
    − OpEx −$15.8k −$10.58
    NOI $47.3k $31.73
    1,492 SF · lease $54.24/SF/yr · vacancy 22.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $676.3K
    $591.8K – $789.0K (±1% cap)
    NOI $47,342 @ 7.0% cap · market cap 8.95%
    Second Best
    Healthcare Medical
    $618.7K
    $541.4K – $721.8K (±1% cap)
    NOI $43,308 @ 7.0% cap · market cap 8.19%
    Theoretical Best
    Office A
    $883.3K
    $772.9K – $1.03M (±1% cap)
    NOI $61,828 @ 7.0% cap · market cap 11.69%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

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

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

    Similar Places Nearby

    • A HOUSE CALL VET 776 main st, waltham, ma 02454

    Location Insight

    • Map
    • Local Demand
    City
    Waltham
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2467796
    Latitude
    42.3687855

    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 $529,000.
    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.
    More about this property
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