Waltham Medical Commercial Condo
208-20 Hope Ave Waltham, MA 02453
208-20 Hope Ave, Waltham, MA, 02453
$424,500
For Sale
$424,500
Medical/commercial condo unit in Waltham, renovated and updated.
Property Size1,156 SF
Price / SF$367.21
Days on Market130
Property Features for 208-20 Hope Ave
General Information
- Standard status
- Active
- Size
- 1,156 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 12:49 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.
Located at 20 Hope Avenue in Waltham, Massachusetts, this medical commercial condominium 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 desirable city of Waltham. The unit is suitable for medical or medical-related uses.
Key Highlights
- Recently totally renovated and updated medical commercial condo unit.
- Prime, convenient location just off major highways and routes in Waltham.
- Suitable for medical or medical‑like use with check‑in area, waiting room, private office, two treatment rooms, two exam rooms, and large restroom.
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 | $62.7k | $54.24 |
| − Vacancy | −$13.8k | −$11.93 |
| EGI | $48.9k | $42.31 |
| − OpEx | −$12.2k | −$10.58 |
| NOI | $36.7k | $31.73 |
1,156 SF · lease $54.24/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$524.0K
$458.5K – $611.3K
NOI $36,680 @ 7.0% cap · market cap 8.64%
Second Best
Healthcare Medical
$479.4K
$419.4K – $559.3K
NOI $33,555 @ 7.0% cap · market cap 7.90%
Theoretical Best
Office A
$684.3K
$598.8K – $798.4K
NOI $47,904 @ 7.0% cap · market cap 11.28%
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/commercial condo unit in Waltham, renovated and updated.
Where is this medical office space located?
The property is located at 208-20 Hope Ave Waltham, MA.
What is the asking price?
The asking price for this property is $424,500.
What are key features of this property?
This property features: Recently totally renovated and updated medical commercial condo unit.; Prime, convenient location just off major highways and routes in Waltham.; Suitable for medical or medical‑like use with check‑in area, waiting room, private office, two treatment rooms, two exam rooms, and large restroom.
