Freestanding Flex
For Sale
$3,695,000
305 2nd Avenue, Waltham, MA 02452
Wide-open commercial building with substantial on-site parking and access to major regional routes.
Property Size1,975 SF
Price / SF$461.88
Days on Market48
Property Features for 305 2nd Avenue
General Information
Standard status
Active
Size
1,975 SF
Total Parking Spaces
65
Property subtype
Commercial
Lease Term
Existing Lease Type: NNN
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
1,975 SF
Year Built
1975
Buildings
1
Listing Agency:
IVerty Realty, LLC
Listed By:
Mela Dieujuste · License #452508574
(413) 786-0584
Source:
Iverty
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 24 at 5:14PM
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 IVerty Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 8,000-square-foot freestanding flex building, constructed in 1975, features a wide-open interior layout and 65-car parking. The configuration is positioned for a range of industrial, medical, retail, and service uses, with the property also available for lease.
The building occupies the corner of 2nd Avenue and Bear Hill Road in Waltham, within an established commercial and lab corridor. Regional access includes I-95/Route 128, Route 2, and Route 20, while Main Street amenities are nearby. Surrounding businesses and institutions include Town Fair Tire, Pizzeria Uno, Genzyme Corp, Costco, Forum Pharmaceuticals, and Mass General West.
The building occupies the corner of 2nd Avenue and Bear Hill Road in Waltham, within an established commercial and lab corridor. Regional access includes I-95/Route 128, Route 2, and Route 20, while Main Street amenities are nearby. Surrounding businesses and institutions include Town Fair Tire, Pizzeria Uno, Genzyme Corp, Costco, Forum Pharmaceuticals, and Mass General West.
Key Highlights
- 8,000‑square‑foot freestanding flex building
- Wide‑open interior layout
- 65‑car parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,983
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,299,660
$2.3M
Cap Rate 7%
$1,642,614
$1.6M
Cap Rate 9%
$1,277,589
$1.3M
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$175.7K $21.96/SF
− Vacancy
−$11.4K −$1.43/SF
EGI
$164.3K $20.53/SF
− OpEx
−$49.3K −$6.16/SF
NOI
$115.0K $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%
$2,299,660
Cap Rate 7%
$1,642,614
Cap Rate 9%
$1,277,589
Alternative Uses
Best Use
Retail
$1.64M
$1.44M – $1.92M
NOI $114,983 @ 7.0% cap · market cap 3.11%
Second Best
Industrial
$1.22M
$1.06M – $1.42M
NOI $85,095 @ 7.0% cap · market cap 2.30%
Theoretical Best
Office A
$4.74M
$4.14M – $5.53M
NOI $331,518 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
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 - Wide-open commercial building with substantial on-site parking and access to major regional routes.
Where is this flex space located?
The property is located at 305 2nd Avenue Waltham, MA.
What is the asking price?
The asking price for this property is $3,695,000.
What are key features of this property?
This property features: 8,000‑square‑foot freestanding flex building; Wide‑open interior layout; 65‑car parking
