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Retail Space with High Ceilings
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274 Moody St, Waltham, MA 02453

Floor-to-ceiling windows face Moody Street, with an entrance option on either Moody or Pine Street.

Property Size7,500 SF
Price / SF$0.00
Days on Market5

Property Features for 274 Moody St

General Information

Standard status Active
Size 7,500 SF
Property subtype Commercial

Additional Details

Road Access Yes

Amenities

high ceilings
great signage opportunity
floor to ceiling windows
open layout
entrance on either Pine or Moody St

Building Details

Year Built 1900
Listing Agency: Castlearch Property Advisors
Listed By: Sabrina Magno · License #SL9508754
Source: Lockandkeyre
Added: Oct 27 Changed: Oct 31 Last Checked: Oct 31 at 3:04AM

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

Rey
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Investment Insights

Based on property information with market context.

This retail offering at 274 Moody St comprises up to 7,500 SF, including approximately 2,500 SF of open-layout space. High ceilings and floor-to-ceiling windows facing Moody Street define the interior, while the open area can be entered from either Moody or Pine Street. The property previously housed the Boston University Center for Digital Imaging Arts.

On-street parking is available, with multiple municipal parking lots nearby. The commuter rail is within walking distance. Signage opportunities are also noted for the property.

Key Highlights

  • Up to 7,500 SF of retail space
  • Approximately 2500 SF of open‑layout area
  • Entrance option from either Pine or Moody St

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$107,796
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,155,920 $2.2M
Cap Rate 7%
$1,539,943 $1.5M
Cap Rate 9%
$1,197,733 $1.2M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$164.7K $21.96/SF
− Vacancy
−$10.7K −$1.43/SF
EGI
$154.0K $20.53/SF
− OpEx
−$46.2K −$6.16/SF
NOI
$107.8K $14.37/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,155,920
Cap Rate 7%
$1,539,943
Cap Rate 9%
$1,197,733

Alternative Uses

Best Use
Retail
$1.54M
$1.35M – $1.80M (±1% cap)
NOI $107,796 @ 7.0% cap · market cap 431,184.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.44M
$3.88M – $5.18M (±1% cap)
NOI $310,798 @ 7.0% cap · market cap 1,243,192.00%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Center for Digital Imaging ... Vocational School

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Butcher Pet Grooming Service Bed & Breakfast Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2,566
Businesses Nearby
22k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 61% Groceries 32% Dining 7%
Patel Brothers Groceries
7,091 visits/mo 0.3 miles
7-Eleven Shops & Services
6,897 visits/mo 0.5 miles
Family Dollar Shops & Services
6,479 visits/mo 0.1 miles
Kung Fu Tea Dining
1,454 visits/mo 0.0 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Floor-to-ceiling windows face Moody Street, with an entrance option on either Moody or Pine Street.
Where is this retail space located?
The property is located at 274 Moody St Waltham, MA.
What are key features of this property?
This property features: Up to 7,500 SF of retail space; Approximately 2500 SF of open‑layout area; Entrance option from either Pine or Moody St
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