Multi-Suite Medical Office
For Sale
Contact for pricing
564 Main St, Waltham, MA 02452
Two office suites with elevator access, common restrooms, and abundant windows are available near commuter rail and major highways.
Property Size3,172 SF
Price / SF$0.01
Days on Market228
Property Features for 564 Main St
General Information
Standard status
Active
Size
3,172 SF
Property subtype
Commercial
Zoning
BC
Lease Type
Gross
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$89,159
Building Details
Building Size
3,172 SF
Year Built
1970
Listing Agency:
Castlearch Property Advisors
(617) 333-8763
Listed By:
Sabrina Magno · License #SL9508754
(617) 331-1330
Source:
Churchillprop
Added: Mar 6
Changed: Oct 6
Last Checked: Oct 19 at 4:09AM
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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Investment Insights
Based on property information with market context.
This property offers two available office suites within an elevator-accessed building. The 2nd-floor suite is approximately 1,100 RSF and includes five internal rooms, an open reception area, and a small kitchenette. The 3rd-floor suite is approximately 1,400 RSF and features four internal offices.
Located at the corner of Main and Moody Streets in Waltham, the building is described as within a short walk to the commuter rail, restaurants, and coffee shops. The property also provides quick access to I-95 and the Mass Pike, and includes ample onsite parking.
Both suites are noted to provide abundant windows and natural light, with common restrooms available for occupants.
Located at the corner of Main and Moody Streets in Waltham, the building is described as within a short walk to the commuter rail, restaurants, and coffee shops. The property also provides quick access to I-95 and the Mass Pike, and includes ample onsite parking.
Both suites are noted to provide abundant windows and natural light, with common restrooms available for occupants.
Key Highlights
- Two office suites available in a building built in 1970, offering elevator access and common restrooms
- 2nd‑floor suite: approx. 1,100 RSF with five internal rooms, open reception area, and small kitchenette
- 3rd‑floor suite: approx. 1,400 RSF with four internal offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,567
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,451,340
$1.5M
Cap Rate 7%
$1,036,671
$1.0M
Cap Rate 9%
$806,300
$806.3K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$136.2K $54.48/SF
− Vacancy
−$15.3K −$6.10/SF
EGI
$120.9K $48.38/SF
− OpEx
−$48.4K −$19.35/SF
NOI
$72.6K $29.03/SF
Area
Middlesex County, MA
Vacancy
11.20%
Lease Rate
$54.48 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,451,340
Cap Rate 7%
$1,036,671
Cap Rate 9%
$806,300
Alternative Uses
Best Use
Office B
$1.13M
$991.6K – $1.32M
NOI $79,326 @ 7.0% cap · market cap 360,572.73%
Second Best
Healthcare Medical
$1.04M
$907.1K – $1.21M
NOI $72,567 @ 7.0% cap · market cap 329,850.00%
Theoretical Best
Office A
$1.48M
$1.29M – $1.73M
NOI $103,599 @ 7.0% cap · market cap 470,904.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,252
Businesses Nearby
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Two office suites with elevator access, common restrooms, and abundant windows are available near commuter rail and major highways.
Where is this office unit located?
The property is located at 564 Main St Waltham, MA.
What are key features of this property?
This property features: Two office suites available in a building built in 1970, offering elevator access and common restrooms; 2nd‑floor suite: approx. 1,100 RSF with five internal rooms, open reception area, and small kitchenette; 3rd‑floor suite: approx. 1,400 RSF with four internal offices
