Building Details

Building Size 11,300 SF

Year Built 1900

Listing Agency: Castlearch Property Advisors Show Phone

Listed By: Sergio Magno Show Phone

Source: Churchillprop

Added: Oct 27, 2025 Changed: Oct 6 Last Checked: Oct 20 at 6:16PM

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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 11,300-square-foot warehouse occupies the first floor of a commercial property built in 1900. The open interior includes an 8-foot ceiling and an 8-foot by 8-foot drive-in overhead door, supporting storage, assembly, order preparation, and distribution-related operations. On-site parking is also provided.

The property is zoned Comm'l (C) and is located at 91 Felton in Waltham, Massachusetts. Its open layout and ground-level vehicle access provide a straightforward configuration for businesses handling materials, supplies, packaged goods, or assembly work.

Key Highlights

• 11,300 SF first‑floor warehouse
• 8‑foot ceiling height
• 8‑foot by 8‑foot drive‑in overhead door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$56,039

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,120,780 $1.1M

Cap Rate 7%

$800,557 $800.6K

Cap Rate 9%

$622,656 $622.7K

What to ask about pricing

Market Conditions

NOI Build-Up for 11,300 SF

Gross rent

$92.2K $8.16/SF

− Vacancy

−$6.0K −$0.53/SF

EGI

$86.2K $7.63/SF

− OpEx

−$30.2K −$2.67/SF

NOI

$56.0K $4.96/SF

Area

Middlesex County, MA

Vacancy

6.50%

Lease Rate

$8.16 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,120,780

Cap Rate 7%

$800,557

Cap Rate 9%

$622,656

Alternative Uses

Best Use

Warehouse

$2.09M

$1.82M – $2.43M (±1% cap)

NOI $145,954 @ 7.0% cap · market cap 3,648.85%

Second Best

Industrial

$1.72M

$1.50M – $2.00M (±1% cap)

NOI $120,197 @ 7.0% cap · market cap 3,004.93%

Theoretical Best

Office A

$6.69M

$5.85M – $7.80M (±1% cap)

NOI $468,269 @ 7.0% cap · market cap 11,706.73%

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

M.C. Cycle Auto Repair Shop Fine Finish Inc General Contractor

Suggested Use

Top Pick Pet Grooming Service Tattoo & Piercing Shop Butcher Nursing Home Daycare Center (Bike/Boat/Book/etc) Store

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

Lease Details

8 ft

Clear height

1

Drive-in doors

Location Intelligence

Trade Area within ½ mile

2,912

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 02453, MA

31,854

Population

13,163

Households

2.4

Avg Household Size

34

Median Age

59%

College-Educated

92%

High-School Grad

3.6 sq mi

ZIP Area

8,848

Density / Sq Mi

$114,029

Median Household Income

$58,036

Median Earnings

$2,063

Median Rent

$666,300

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Similar Off Market Nearby

• Cardis Moving & Storage Services — 138 Felton St, Waltham, MA 02453
• Charles River Movers — 71 Felton St, Waltham, MA 02453
• M.C. Cycle — 91 Felton St, Waltham, MA 02453
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• US Storage Centers — 115 Bacon St North, Waltham, MA 02451

Frequently Asked Questions

What type of property is this?

Warehouse - Open commercial warehouse space with on-site parking, storage and light distribution functionality, plus a dedicated overhead loading door.

Where is this warehouse located?

The property is located at 91 Felton # 1st floor Waltham, MA.

What are key features of this property?

This property features: 11,300 SF first‑floor warehouse; 8‑foot ceiling height; 8‑foot by 8‑foot drive‑in overhead door