Office Building with Suite
New
For Sale
Contact for pricing
296 Newton St, Waltham, MA 02453
Building signage is available, and the property can be occupied as a whole or in separate suites.
Property Size13,000 SF
Price / SF$0.00
Days on Market5
Property Features for 296 Newton St
General Information
Standard status
Active
Size
13,000 SF
Net Rentable
13,000 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Property Use
Office
Amenities
building signage capability
Building Details
Year Built
1980
Buildings
1
Building Size
13,000 SF
Listing Agency:
Castlearch Property Advisors
(617) 333-8763
Listed By:
Roberto Magno · License #9539532
(617) 823-5303
Source:
Lockandkeyre
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 3:04PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The office property offers up to 13,000 RSF as a full-building opportunity, with individual suites ranging from 1,150 to 2,800 RSF. Building signage capability is also available, providing a visible identification option at the property.
At the signalized junction of Newton and High streets, the building is within walking distance of Moody Street’s Restaurant Row and the MBTA Commuter Rail. The Mass Pike and I-95 are a short drive away.
At the signalized junction of Newton and High streets, the building is within walking distance of Moody Street’s Restaurant Row and the MBTA Commuter Rail. The Mass Pike and I-95 are a short drive away.
Key Highlights
- Up to 13,000 RSF available as a full‑building opportunity
- Individual office suites range from 1,150 to 2,800 RSF
- Building signage capability
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$412,495
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,249,900
$8.2M
Cap Rate 7%
$5,892,786
$5.9M
Cap Rate 9%
$4,583,278
$4.6M
Market Conditions
NOI Build-Up for 13,000 SF
Gross rent
$705.1K $54.24/SF
− Vacancy
−$155.1K −$11.93/SF
EGI
$550.0K $42.31/SF
− OpEx
−$137.5K −$10.58/SF
NOI
$412.5K $31.73/SF
Area
Middlesex County, MA
Vacancy
22.00%
Lease Rate
$54.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,249,900
Cap Rate 7%
$5,892,786
Cap Rate 9%
$4,583,278
Alternative Uses
Best Use
Office B
$5.89M
$5.16M – $6.87M
NOI $412,495 @ 7.0% cap · market cap 2,062,475.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.70M
$6.73M – $8.98M
NOI $538,717 @ 7.0% cap · market cap 2,693,585.00%
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
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,732
Businesses Nearby
Explore this area
Business Placement
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 Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Building signage is available, and the property can be occupied as a whole or in separate suites.
Where is this office building located?
The property is located at 296 Newton St Waltham, MA.
What are key features of this property?
This property features: Up to 13,000 RSF available as a full‑building opportunity; Individual office suites range from 1,150 to 2,800 RSF; Building signage capability
