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    210 Moody St Waltham, MA 02453

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    210 Moody St Waltham, MA 02453

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    • Retail properties & Spaces
    • 24,000 SF
    • 0.28 lot acres
    For Sale
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    Moody Street Mixed-Use Opportunity For Sale
    Contact for pricing
    24,000 SF

    Moody Street Mixed-Use Opportunity

    Waltham, MA: 24,000 SF, 42 Units, Redevelopment Site

    210 Moody St, Waltham, MA 02453
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 210 Moody St

    Lot size
    0.28 lot acres
    Property size
    24,000 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional 24,000 square foot mixed-use property at 210 Moody Street in Waltham, Massachusetts presents a unique redevelopment opportunity. Located on a 0.28-acre lot, this site boasts Commercial Retail zoning with a Hotel by Right designation, allowing for diverse development options. The property currently features 42 units and ample parking with 400 spaces. Permits are anticipated in the third quarter of 2023 for a 42-unit hotel development, incorporating 24,000 square feet of retail space. This prime location offers unparalleled convenience, situated a quarter-mile from Route 20 and less than two miles from I-95, ensuring excellent accessibility. The property's strategic positioning benefits from its proximity to significant new residential developments, totaling 785 units across three complexes within walking distance, creating a robust potential customer base for retail and hospitality ventures. This presents a compelling investment opportunity for developers seeking to capitalize on the thriving Waltham market, catering to the needs of both residents and commuters. The building's far is 0.63. This versatile property is ideal for restaurant, retail, and hotel uses, offering significant potential for substantial returns.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waltham
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2364
    Latitude
    42.3726

    Comparable in this City

    • Value Estimation
      $550,000
      21,077 SF

      287 Cres St

      HOTEL • 21,077 SF
      287 Cres St, Waltham, MA 02453-3816
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    • Value Estimation
      $2,285,000
      15,161 SF

      299 Moody St, Unit 309

      DEPARTMENT STORE • 15,161 SF
      299 Moody St, Waltham, MA 02453-5206
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    • Value Estimation
      $16,900,000
      119,598 SF

      66 Seyon St

      DEPARTMENT STORE • 119,598 SF
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    • Value Estimation by Request

      709 Moody St

      Retail properties & Spaces
      709 Moody St, Waltham, MA 02453
      View Details
    • Value Estimation
      $2,685,000
      20,610 SF

      315 Moody St, Unit 323

      DEPARTMENT STORE • 20,610 SF
      315 Moody St, Waltham, MA 02453-5206
      View Details
    • Value Estimation by Request
      1 SF

      75-83 Prospect St

      Retail properties & Spaces • 1 SF
      75-83 Prospect St, Waltham, MA 02453
      View Details

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      24,000 SF

      Moody Street Mixed-Use Opportunity

      Waltham, MA: 24,000 SF, 42 Units, Redevelopment Site
      210 Moody St, Waltham, MA 02453
      View Details
    • Contact for pricing

      Retail, Restaurant, and Hotel Hub

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    Similar Nearby for Lease

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      1,944 SF

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      4,187 SF

      Prime Location Renovation Opportunity

      Former Rendezvous Lounge, ideal for restaurant or retail business.
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      Prime Location Restaurant/Retail Opportunity

      Prime location for restaurant or retail with renovation potential.
      592-600 Moody St, Waltham, MA 02453
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    • Contact for pricing

      Retail/Office Build to Suit Opportunity

      Retail and office space available for rent.
      210 Moody St, Waltham, MA 02453
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    • $23 SF/Yr

      Renovated Office Space Available

      Renovated office space in a renovated warehouse building.
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      Waltham Medical Suites For Lease

      Medical suites available for lease in Waltham's Doctors Office Building.
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    Waltham, MA 02453
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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.

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    210 Moody St, Waltham, MA, 02453

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