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    LEED Gold Laboratory Office Building Title is generated by Realmo AI

    300 Third Avenue, Waltham, MA 02451

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    Class A lab and office space with LEED Gold certification, high floor-to-floor clearances, and ready infrastructure for tenant build-out.

    Type:Office
    Property size:
    106,422 SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:22 am

    Property Features for 300 Third Avenue

    General Information

    Standard status
    Active
    Size
    106,422 SF
    Property subtype
    Office

    Spaces For Lease

    at 300 Third Avenue Contact us

    We can help!

    Listing Contact
    Tim Latham
    Tim Latham

    Listing agent Tim Latham

    Listing office Lincoln Property Company | Boston

    Listing date Jun 2, 2026

    Source Lpc

    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 Lincoln Property Company | Boston

    HighLights

    • Four‑story, purpose‑built laboratory and office building designed for rigorous lab occupants
    • LEED Gold certified with Wired Gold Certification for connectivity, infrastructure, and technology readiness
    • 14'5" floor‑to‑floor height for lab and office use
    • Roof deck and high‑identity building design
    • Ready for tenant build‑out with efficient mechanical, chemical storage, and utility areas
    • 441 parking spaces plus 2 loading docks with hydraulic dock leveler and additional trash bay

    Overview

    300 Third Avenue is a four-story, purpose-built laboratory and office building designed to support rigorous lab operations. The property includes highly efficient mechanical, chemical storage, and utility areas, along with dedicated lab-ready design elements intended for modern tenant build-outs. The facility is LEED Gold certified and also recognized with Wired Gold Certification, reflecting a strong emphasis on sustainability and connectivity. Additional highlights include a roof deck, high-identity presentation, and generous floor-to-floor height of 14'5".

    The building offers 441 parking spaces and is supported by two loading docks with hydraulic dock levelers plus an additional trash bay, providing practical service access for lab workflows. It is positioned as an established, full-service option for tenants that need more than standard office build-out.

    For prospective tenants, this asset aligns well with research and development teams that require both laboratory functionality and a high-performance office environment. With the building already set up for tenant build-out and supported by lab-focused mechanical and storage areas, it can accommodate organizations looking to configure space efficiently while benefiting from a certified, technology-ready platform.
    Location Intelligence

    Current Use by Public Records

    Neprospex Inc (Bike/Boat/Book/etc) Store Management Strategies Group Business Management Consultant Dun & Bradstreet Marketing & Advertising ChargePoint Charging Station Electric Vehicle Charging Station 300 Third Ave Corporate Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Waltham
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2610117
    Latitude
    42.3883343

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    FAQs

    What type of property is this?
    Office building - Class A lab and office space with LEED Gold certification, high floor-to-floor clearances, and ready infrastructure for tenant build-out.
    Where is this office building located?
    The property is located at 300 Third Avenue Waltham, MA.
    What are key features of this property?
    This property features: Four‑story, purpose‑built laboratory and office building designed for rigorous lab occupants; LEED Gold certified with Wired Gold Certification for connectivity, infrastructure, and technology readiness; 14'5" floor‑to‑floor height for lab and office use
    (617) 951-4124
    We can help!
    Listing Contact
    Tim Latham
    Tim Latham
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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