Medical Office Space with Lab
New
For Sale
Contact for pricing
764 Main St, Waltham, MA 02451
Configured rooms, dedicated parking, and substantial building systems support medical and laboratory uses, subject to applicable approvals.
Property Size1,970 SF
Price / SF$1.83
Days on Market4
Property Features for 764 Main St
General Information
Standard status
Active
Size
1,970 SF
Total Parking Spaces
17
Property subtype
Commercial
Lease Term
Existing Lease Type: NNN
Additional Details
Condition
Newly Renovated
Utilities to Site
Yes
Sprinkler System
Yes
Property Use
Office / Lab / Medical
Medical Specialty
dental
Amenities
expanded entry and waiting area
abundant natural light
existing rooms configured for office, medical, dental, laboratory, examination, or treatment-room use
Verizon telecommunications
engineering controls
laboratory ventilation systems
convenient access to the post office, hotels, shops, restaurants, and fitness facilities
Building Details
Building Size
1,970 SF
Year Built
1970
Listing Agency:
Coldwell Banker Realty - Wellesley
(781) 237-9090
Listed By:
Kathy Bayat
(347) 241-3370
Source:
Iverty
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:18PM
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 Coldwell Banker Realty - Wellesley
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 6,000-square-foot medical office space in downtown Waltham has an expanded entrance and waiting area, natural light, and rooms arranged for office, medical, dental, laboratory, examination, or treatment-room functions, subject to applicable approvals. The space has been recently refreshed and includes a two-zone Burnham heating system rated at 164,000 BTUs, three-zone cooling with three Carrier AC compressors, and three American Standard air handlers totaling 140,000 BTUs. Electrical service is 1,000 amps; other building systems include engineering controls, automatic sprinklers, laboratory ventilation, and Verizon telecommunications.
The property is in an established downtown infill setting surrounded by residential neighborhoods. Shops, restaurants, hotels, fitness facilities, and a post office are nearby. Seventeen dedicated on-site parking spaces serve the space.
The property is in an established downtown infill setting surrounded by residential neighborhoods. Shops, restaurants, hotels, fitness facilities, and a post office are nearby. Seventeen dedicated on-site parking spaces serve the space.
Key Highlights
- 6,000 SF of office, medical, dental, lab, examination, or treatment‑room space, subject to approvals
- Expanded entry and waiting area with natural light
- Two‑zone Burnham heating system rated at 164,000 BTUs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$174,162
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,483,240
$3.5M
Cap Rate 7%
$2,488,029
$2.5M
Cap Rate 9%
$1,935,133
$1.9M
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$326.9K $54.48/SF
− Vacancy
−$36.6K −$6.10/SF
EGI
$290.3K $48.38/SF
− OpEx
−$116.1K −$19.35/SF
NOI
$174.2K $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%
$3,483,240
Cap Rate 7%
$2,488,029
Cap Rate 9%
$1,935,133
Alternative Uses
Best Use
Office B
$2.72M
$2.38M – $3.17M
NOI $190,382 @ 7.0% cap · market cap 1,730.75%
Second Best
Healthcare Medical
$2.49M
$2.18M – $2.90M
NOI $174,162 @ 7.0% cap · market cap 1,583.29%
Theoretical Best
Office A
$3.55M
$3.11M – $4.14M
NOI $248,638 @ 7.0% cap · market cap 2,260.35%
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
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,912
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02451, MA
17,953
Population
7,852
Households
2.3
Avg Household Size
39
Median Age
55%
College-Educated
93%
High-School Grad
5.3 sq mi
ZIP Area
3,387
Density / Sq Mi
$119,509
Median Household Income
$66,318
Median Earnings
$2,537
Median Rent
$709,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- A HOUSE CALL VET — 776 main st, waltham, ma 02454
- Waltham Veterinary Hospital — 265 Lexington St, Waltham, MA 02452
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured rooms, dedicated parking, and substantial building systems support medical and laboratory uses, subject to applicable approvals.
Where is this medical office space located?
The property is located at 764 Main St Waltham, MA.
What are key features of this property?
This property features: 6,000 SF of office, medical, dental, lab, examination, or treatment‑room space, subject to approvals; Expanded entry and waiting area with natural light; Two‑zone Burnham heating system rated at 164,000 BTUs
