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Property profile & analytics
OFF-MARKET
Estimated value
$1,370,000
Showrooms
108 Elm St, Waltham, MA 02453-5389
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1306884
Property summary
AI-generated overview
This exceptional flex space at 108 Elm Street in Waltham, Massachusetts offers a prime opportunity for businesses seeking versatile industrial space. Located in Middlesex County, this property boasts a total of 8,447 square feet, with 6,200 square feet currently vacant and immediately available for lease. The space is divisible, offering a minimum of 2,309 square feet and a maximum contiguous space of 6,200 square feet, providing flexibility to accommodate various business needs and expansion plans. The property is classified as industrial with a flex subtype, making it suitable for a wide range of uses. Situated on a 0.34-acre lot, the property offers ample space for loading, unloading, and potential outdoor storage. The property's address is 108 Elm St, Waltham, MA 02453. Its convenient location within Middlesex County provides easy access to major transportation routes, enhancing logistical efficiency for businesses. This is a multi-tenant building, offering a collaborative environment. The available space presents a unique chance to secure a well-located, adaptable industrial property in a thriving Massachusetts market. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1900
Construction
FRAME
Total area
8,722 SF
Lot
0.34 ac (14,823 SF)
APN
WALT M:060 B:032 L:0001
UPID
US38-1306884
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
East Coast Acoustical Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.37M
Owner & transaction history
108 Elm Street LLC · 4 yrs held
108 Elm Street LLC
since 2021
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Waltham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waltham submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,325,000
ML approach
$1,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,220,000
Change: -10% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,010,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$1.37M
Range $1.23M – $1.51M · ±10% · vs last sale $1.40M (Dec 20 2021)
Last sale anchor
$1.40M
Dec 20 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$157 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$32,792
Tax year 2024
Assessed value
$1,583,400
Assessed 2024
Previous assessed
$1,583,400
+0.0% YoY
Effective rate
2.07%
On assessed value
Assessed land
$404,700
Assessed improvement
$1,178,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
3
Bathrooms
4
Total area
8,722 SF
Lot
0.34 ac (14,823 SF)
APN
WALT M:060 B:032 L:0001
UPID
US38-1306884
Jurisdiction
WALTHAM
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
3
Bathrooms
4
Lot
0.34 ac
Current owner
From public records · entity-resolved
108 Elm Street LLC
Entity
Mailing address
106 POWDER ML RD, MAYNARD, MA 01754-1430
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2021
$1,400,000
108 Elm Street LLC
Euro Elm LLC
Quit Claim Arm's Length For Ne States
$1,050,000 · Main Street Bank (ma)
May 5, 2016
—
Euro Elm LLC
—
Deed
related
$550,000 · Brookline Bank
May 23, 2002
$580,000
Euro Elm LLC
Elm St/ Waltham RT
Grant Deed
related
$500,000 · Chart Bank
Jan 25, 1999
—
Elm St. Waltham RT
—
Deed Of Trust
related
$130,000 · Janet Cook Dunbar
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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