Freestanding Flex
305 2nd Avenue #1, Waltham, MA 02452
For Sale
New
Contact for pricing
An open interior and on-site parking support a range of commercial configurations.
Property Size8,000 SF
Days on Market6
Property Features for 305 2nd Avenue #1
General Information
Standard status
Size
Total Parking Spaces
Site & Location
Corner Location
Highway Access
Additional Details
Property Use
Building Details
Year Built
Buildings
Building Size
Listing Agency:
Lock and Key Realty
Listed By:
Jordan Healy
(413) 717-0635
Source:
Lockandkeyre
Added: Nov 6
Changed: Nov 10
Last Checked: Nov 10 at 8:27AM
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 Lock and Key Realty
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Investment Insights
Based on property information with market context.
This freestanding flex property contains 8,000 square feet of open interior space and was built in 1975. The site includes parking for 65 vehicles and sits at the corner of 2nd Avenue and Bear Hill Road in Waltham.
The property is in Waltham’s commercial and laboratory corridor, with access to I-95/Route 128, Route 2, and Route 20. Main Street amenities are nearby, as are Town Fair Tire, Pizzeria Uno, Genzyme Corp, Costco, Forum Pharmaceuticals, and Mass General West.
The property is in Waltham’s commercial and laboratory corridor, with access to I-95/Route 128, Route 2, and Route 20. Main Street amenities are nearby, as are Town Fair Tire, Pizzeria Uno, Genzyme Corp, Costco, Forum Pharmaceuticals, and Mass General West.
Key Highlights
- 8,000‑square‑foot freestanding building with an open layout
- On‑site parking for 65 vehicles
- Corner location at 2nd Avenue and Bear Hill Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,674
Suggested Prices Based on Cap Rates
Cap Rate 5%
$793,480
$793.5K
Cap Rate 7%
$566,771
$566.8K
Cap Rate 9%
$440,822
$440.8K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$65.3K $8.16/SF
− Vacancy
−$4.2K −$0.53/SF
EGI
$61.0K $7.63/SF
− OpEx
−$21.4K −$2.67/SF
NOI
$39.7K $4.96/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$793,480
Cap Rate 7%
$566,771
Cap Rate 9%
$440,822
Alternative Uses
Best Use
Retail
$1.64M
$1.44M – $1.92M
NOI $114,983 @ 7.0% cap
Second Best
Industrial
$1.22M
$1.07M – $1.43M
NOI $85,546 @ 7.0% cap
Theoretical Best
Office A
$4.74M
$4.14M – $5.53M
NOI $331,518 @ 7.0% cap
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
Location Intelligence
Trade Area within ½ mile
1,097
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02452, MA
15,340
Population
5,838
Households
2.6
Avg Household Size
33
Median Age
54%
College-Educated
93%
High-School Grad
3.8 sq mi
ZIP Area
4,037
Density / Sq Mi
$112,902
Median Household Income
$41,351
Median Earnings
$2,325
Median Rent
$779,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Waltham, MA
Properties on Market for Flex space in Waltham
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Cricket Cafe & Catering — 1075 Main St, Waltham, MA 02451
- Uptown Gourmet — 400 5th Ave #510, Waltham, MA 02451
Frequently Asked Questions
What type of property is this?
Flex space - An open interior and on-site parking support a range of commercial configurations.
Where is this flex space located?
The property is located at 305 2nd Avenue #1 Waltham, MA.
What are key features of this property?
This property features: 8,000‑square‑foot freestanding building with an open layout; On‑site parking for 65 vehicles; Corner location at 2nd Avenue and Bear Hill Road
