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    Property profile & analytics

    140 High St Waltham, MA 02453-5902

    • Auto shops
    • 1,100 SF
    • 0.09 lot acres
    OFF-MARKET
    Last Sale
    Jan 03, 2025
    $680,000
    Value Estimations
    $590,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0630112
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Crystal Clean Mobile Wash / Pressure Washing Service / Handyman/Handywoman/Handyperson

    Property Details for 140 High St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.09 lot acres
    Property size
    1,100 SF
    Property type
    Auto shops
    APN
    WALT M:070 B:026 L:0013
    APU
    WALTM070B026L0013

    Description

    This exceptional 1,100-square-foot flex space presents a rare opportunity for businesses seeking a well-maintained, freestanding building in Waltham, Massachusetts. Located at 140 High Street, this single-story property sits on a 3,775-square-foot lot and is zoned for Business A use. The asking price is $700,000, translating to $636.36 per square foot. The building boasts a 13-foot ceiling height and includes one loading dock, ideal for efficient operations. Its convenient location offers easy access to major transportation arteries, including Route 128, Route 2, and the Mass Pike, as well as proximity to Moody Street. This versatile space is suitable for a variety of uses, such as a contractor's garage/office, retail/wholesale trades, printing, light assembly, or engineering. The property's excellent condition and prime location make it an attractive investment for businesses seeking a strategic foothold in the thriving Waltham market. The property is in Middlesex County, with a Waltham, MA 02453 zip code. This is a single-unit building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $595,000
      ML approach
      $525,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $418,000
      Market price range: $159k - $509k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waltham
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2309
    Latitude
    42.3668
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $5,917
    $170,700
    $115,000
    $285,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $325,000
      2,595 SF

      152 High St

      AUTO REPAIR, GARAGE • 2,595 SF
      152 High St, Waltham, MA 02453-5902
      View Details
    • Value Estimation
      $260,000
      2,060 SF

      55 Williams St

      AUTO REPAIR, GARAGE • 2,060 SF
      55 Williams St, Waltham, MA 02453
      View Details
    • Value Estimation
      $345,000
      5,196 SF

      39 Felton St

      AUTO REPAIR, GARAGE • 5,196 SF
      39 Felton St, Waltham, MA 02453-4118
      View Details
    • Value Estimation
      $420,000
      9,025 SF

      45 Felton St

      AUTO REPAIR, GARAGE • 9,025 SF
      45 Felton St, Waltham, MA 02453-4118
      View Details
    • Value Estimation
      $380,000
      7,503 SF

      191 High St

      AUTO REPAIR, GARAGE • 7,503 SF
      191 High St, Waltham, MA 02453-5905
      View Details
    • Value Estimation
      $305,000
      5,797 SF

      116 Robbins St

      AUTO REPAIR, GARAGE • 5,797 SF
      116 Robbins St, Waltham, MA 02453-5103
      View Details

    Similar Nearby for Sale

    • $5,000,000
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      Retail Building For Sale

      9,345 SF retail building suitable for various businesses.
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      24,000 SF

      Moody Street Mixed-Use Opportunity

      Waltham, MA: 24,000 SF, 42 Units, Redevelopment Site
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    • $2,399,000
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      Mixed-Use Building Near Moody Street

      Mixed-use property with residential, rooming house, and salon spaces.
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    • $699,000
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      42 Felton St, Waltham, MA 02453

      Commercial real estate • 0.39 Acres
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    • $3,200,000
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      Industrial Building with Warehouse Space

      Large commercial building with warehouse, manufacturing, and office space.
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      Vacant wooded lot with Charles River views, ready for development.
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    Similar Nearby for Lease

    • $30 SF/Yr
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      Restaurant Space in Central Waltham

      Restaurant leasing opportunity with high visibility and ample parking.
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    • $4,400 /Mo

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      Prime restaurant or retail space in downtown Waltham.
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    • $2,000 /Mo

      Retail Space Near Brandeis University

      In-line retail space near Brandeis University available for rent.
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    • $25 SF/Yr

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      Retail space in busy shopping center with strong tenant mix.
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      Prime Retail Space in Waltham

      Commercial retail space for lease in central Waltham location.
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    • Contact for pricing
      2,772 SF

      Retail Space in Waltham Center

      Located in the heart of Waltham, ideal for retailers.
      237 Moody St, Waltham, MA 02453
      View Details
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    Waltham, MA 02453-5902
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    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
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