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Property profile & analytics
OFF-MARKET
Estimated value
$1,275,000
Specialty properties
14-16 Eddy St, Waltham, MA 02453
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0948804
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1920
Construction
FRAME
Total area
3,498 SF
Lot
0.13 ac (5,502 SF)
APN
WALT M:058 B:017 L:0008
UPID
US38-0948804
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$995k
Blend (final)
Blend
$1.28M
Owner & transaction history
Nelson Mem Apartments INC · 4 yrs held
Nelson Mem Apartments INC
since 2021
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$990,000
+37.9%
Auto repair, garage
$985,000
+37.5%
Neighborhood: shopping center
$970,000
+35.4%
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
$1,230,000
ML approach
$1,260,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$990,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$985,000
Change: +37% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$970,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$945,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$890,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$1.28M
Range $1.15M – $1.40M · ±10% · vs last sale $1.30M (Aug 31 2021)
Last sale anchor
$1.30M
Aug 31 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
$364 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$10,816
Tax year 2022
Assessed value
$1,217,600
Assessed 2024
Previous assessed
$1,217,600
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$336,000
Assessed improvement
$881,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
2
Units
4
Rooms
16
Bathrooms
4
Total area
3,498 SF
Lot
0.13 ac (5,502 SF)
APN
WALT M:058 B:017 L:0008
UPID
US38-0948804
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
COMMERCIAL (GENERAL)
Est. value
$990,000
AUTO REPAIR, GARAGE
Est. value
$985,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$970,000
RETAIL STORES
Est. value
$945,000
OFFICE BUILDING
Est. value
$890,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
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
1920
Construction
FRAME
Heating
STEAM
Stories
2
Buildings
1
Units
4
Rooms
16
Bathrooms
4
Lot
0.13 ac
Current owner
From public records · entity-resolved
Nelson Mem Apartments INC
Entity
Mailing address
6 EDDY ST, WALTHAM, MA 02453-7753
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2022
—
Nelson Mem Apartments INC
—
Deed
related
$800,000 · Watertown Savings Bank
Aug 31, 2021
$1,300,000
Nelson Mem Apartments INC
Alan T Ravesi
Quit Claim Arm's Length For Ne States
$500,000 · Watertown Savings Bank
Sep 15, 2003
—
Alan T Ravesi
—
Deed Of Trust
related
$207,500 · Drew Mortgage Assoc INC
Oct 16, 2002
—
Alan T Ravesi
—
Deed Of Trust
related
$230,100 · Drew Mortgage Assoc INC
Feb 13, 2001
—
Alan T Ravesi
—
Deed Of Trust
related
$244,000 · Drew Mortgage Assoc INC
Jan 6, 1994
$245,000
Alan T Ravesi
Gilbert,edward A
Grant Deed
$183,750 · Bay State Federal Savings Bank
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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