Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    42 Felton St Waltham, MA 02453

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Garage and office space suitable for various business uses.

    Property Features for 42 Felton St

    General Information

    Standard status
    Active

    Building Details

    Year built
    2017

    We can help!

    Listing Contact
    Joe Marini
    Source: Crexi

    Listing Agency: Marini Real Estate Listing Agent: Joe Marini

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Garage and Office Space For Sale

    This property offers 1,496 SF to 3,710 SF of garage and office space for sale. Constructed in 2017 by a local builder, the space is customizable for various business uses. Approximately 50% of the footprint is dedicated to garage space, with the remaining 50% comprising second-floor office space. A non-structural wall can be removed to create a single large unit, totaling 3,710 SF. First-floor features include the ability to park vehicles indoors with in-floor oil separators and drainage, exclusive additional two-car parking with an adjacent parking area, a half bathroom, a utility sink, a hose hookup, and gas heating. The second floor includes a bathroom with a shower, a kitchenette with a fridge and sink, a balcony, a meeting room, a washer/dryer hookup, and central heating and air conditioning.
    Location Intelligence

    Current Use by Public Records

    Mind of its own ... Research Engineer A-List Auto Detailing ... Car Wash Critical Systems New ... HVAC Service Coleman Spray Foam ... General Contractor 42 Felton Street ... Construction Company

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    Brelundi Cafe, Cruz Market, C M Catering, Salgueros Market ||, Raw Silk Catering

    Location Insight

    • Map
    • Local Demand
    City
    Waltham
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2384468
    Latitude
    42.3740167

    Nearby Similar for Sale

    • $1,200,000
      3,343 SF

      Waltham Four Family Opportunity

      Well-maintained four-family in desirable location with tenant flexibility.
      291-293 School St, Waltham, MA 02451
      View Details
    • $1,200,000
      3,890 SF

      Downtown Waltham Retail/Office Space

      Retail/office space in downtown Waltham on Route 20.
      649 Main St, Waltham, MA 02451
      View Details
    • $849,000
      1,129 SF

      Turnkey Commercial Kitchen For Sale

      Well-equipped commercial kitchen suitable for various food service operations.
      39 Emerson Rd, Waltham, MA 02451
      View Details
    • Contact for pricing
      4,439 SF

      Waltham Commercial Building with Warehouse

      High-visibility commercial building with manufacturing/warehouse space and ample parking.
      231 Lexington St, Waltham, MA 02452
      View Details
    • Contact for pricing
      1,156 SF

      Waltham Medical Commercial Condo Unit

      Medical commercial condo unit in a prime Waltham location.
      20 Hope Ave, Waltham, MA 02453
      View Details
    • Contact for pricing
      1,389 SF

      Flex Commercial Condo For Sale

      Flex commercial condo with convenient highway access and parking.
      28 Summer Ave, Waltham, MA 02452
      View Details
    • Contact for pricing

      Retail, Restaurant, and Hotel Hub

      Located near commuter rail and major routes, ideal for ventures.
      210 Moody St, Waltham, MA 02453
      View Details
    • $1,995,000

      Multifamily with Commercial Space

      Multi-family property with commercial space and licensed rooming house.
      55-57 Crescent St, Waltham, MA 02453
      View Details
    • $2,895,000

      Waltham Industrial Building For Sale

      Large commercial block with warehouse, manufacturing, and office space.
      30 Clematis Ave, Waltham, MA 02453
      View Details
    • $1,199,900
      4,687 SF

      Waltham Commercial Building For Sale

      4600+ sqft commercial building in downtown Waltham.
      25 Spring St, Waltham, MA 02451
      View Details
    • Contact for pricing

      Waltham Self-Storage Facility For Sale

      34,038 SF self-storage facility with 445 units on 1.092 acres.
      115 Bacon St, Waltham, MA 02451
      View Details
    • Contact for pricing

      Prime Location Business Opportunity

      Former lounge suitable for restaurant or other business ventures.
      592-600 Moody St, Waltham, MA 02453
      View Details

    FAQs

    What type of property is this?
    Flex space - Garage and office space suitable for various business uses.
    Where is this flex space located?
    The property is located at 42 Felton St Waltham, MA.
    What are key features of this property?
    This property features: - Flexible Space: 1,496 SF to 3,710 SF of customizable garage and office space.; - Garage Features: In-floor oil separators and drainage for indoor vehicle parking.; - Office Amenities: Second floor includes a bathroom with shower, kitchenette, balcony, and meeting room.
    Request Owner's contact information
    42 Felton St Waltham, MA 02453
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    42 Felton St
    Waltham, MA 02453
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    42 Felton St Waltham, MA 02453
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Joe Marini
    Real Estate License ID: 9558782
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!