Building Details

Year Built 1985

Buildings 1

Building Size 1,806 SF

Listing Agency: Barrett Sotheby's International Realty Show Phone

Listed By: Geraldine Wilcox Show Phone

Source: Lockandkeyre

Added: Aug 17 Changed: Oct 4 Last Checked: Oct 4 at 10:03AM

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Investment Insights

Based on property information with market context.

This live-work property includes a residential home and a standalone commercial building on the same parcel. The 1,274 sq.ft. home offers two bedrooms, two full bathrooms, a full basement, and a rear deck. The 1,806 sq.ft. commercial structure includes a finished walk-out basement and is zoned for business use.

The commercial building provides a dedicated setting for business operations, while the residential component supports on-site living. The property contains 3,080 total square feet and was built in 1985. Its address is 59R Waltham Street in Maynard, Massachusetts.

Key Highlights

• 1,274 sq.ft. residential home with two bedrooms and two full bathrooms
• Full basement and rear deck included with the residential structure
• Standalone 1,806 sq.ft. commercial building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$50,820

Cap Rate

6.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,016,400 $1.0M

Cap Rate 7%

$726,000 $726.0K

Cap Rate 9%

$564,667 $564.7K

Market Conditions

NOI Build-Up for 3,080 SF

Gross rent

$92.4K $30.00/SF

− Vacancy

−$11.1K −$3.60/SF

EGI

$81.3K $26.40/SF

− OpEx

−$30.5K −$9.90/SF

NOI

$50.8K $16.50/SF

Area

Middlesex County, MA

Vacancy

12.00%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,016,400

Cap Rate 7%

$726,000

Cap Rate 9%

$564,667

Alternative Uses

Best Use

Office B

$1.40M

$1.22M – $1.63M (±1% cap)

NOI $97,730 @ 7.0% cap · market cap 12.23%

Second Best

Mixed Use

$726.0K

$635.3K – $847.0K (±1% cap)

NOI $50,820 @ 7.0% cap · market cap 6.36%

Theoretical Best

Office A

$1.82M

$1.60M – $2.13M (±1% cap)

NOI $127,634 @ 7.0% cap · market cap 15.97%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Live-work space

Suggested Use

Top Pick Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Cafe & Coffee Shop Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

546

Businesses Nearby

Explore this area Business Placement

Demographics for 01754, MA

10,730

Population

4,845

Households

2.2

Avg Household Size

43

Median Age

64%

College-Educated

96%

High-School Grad

5.2 sq mi

ZIP Area

2,063

Density / Sq Mi

$119,549

Median Household Income

$74,452

Median Earnings

$1,678

Median Rent

$494,200

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this live-work space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Live-work space - Dual-structure property combines a residential home with a separate commercial building zoned for business use.

Where is this live-work space located?

The property is located at 59R Waltham Street Maynard, MA.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: 1,274 sq.ft. residential home with two bedrooms and two full bathrooms; Full basement and rear deck included with the residential structure; Standalone 1,806 sq.ft. commercial building