Financial
Distress signals
Property profile

649 Main St Waltham, MA 02451

FOR LEASE
Office buildings
Property ID
US38-1501463
1,846 SF 0.04 ac lot Built 1910
Last sale Jun 2024 · $620,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

649 Main St is a mixed-use retail/office building in downtown Waltham, Massachusetts, located on Route 20. The property is situated on a 0.04-acre lot and includes approximately 1,846 SF of upper-level retail/office space and approximately 2,025 SF of lower-level space. Vehicular access and parking are provided via on-street, metered municipal parking only, with no dedicated on-site parking lot or deck described. The building is positioned along the Route 20 downtown corridor, with street

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$8k
Tax billed · 2024
Assessed value$386k
Assessed land$158k
Assessed improvement$228k
Effective rate2.07%

Value estimate

· Sep 2026
$195k
$176k – $215k
Sales comparison$596k
NOI build-up
Gross scheduled income$85k
Vacancy & credit loss−$6k
Operating expenses−$24k
NOI · 3.73% cap applied$56k

Realmo valuation models over county records and 21 qualifying comparable sales.

Recently sold

What actually traded nearby?
$319/SF
ZIP average, outlier-cleaned · 26 recorded sales of this use type
Observed band · Q1–Q3$176 – $499
Qualifying comparables21

Cap rate analysis

How does the asset earn?
3.73%
$56k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWALTHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Pet Grooming Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pet Grooming Service9.2
Tattoo & Piercing Shop9.0
Butcher8.5

Location

649 Main St Waltham, MA 02451
County assessor Recorded deeds · 3 transfers 21 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
686 Lincoln, Waltham, MA 02451-2192 $950,000 Mar 2025 2,124 SF
1264 Main, Waltham, MA 02451-1740 $774,000 Apr 2024 4,400 SF
863 Main, Waltham, MA 02451 $1,900,000 Jul 2023 4,875 SF
21 Grn, Waltham, MA 02451-1646 $1,374,000 Jan 2023 3,960 SF
86 Ww, Waltham, MA 02451-1110 $5,500,000 Apr 2022 5,500 SF
57 Grant, Waltham, MA 02451-4439 $180,000 Sep 2020 1,902 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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