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Property profile & analytics
FOR LEASE
Distribution properties
154 Calvary St, Waltham, MA 02453
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1080606
For Lease
1 / 2
$4,380,000
154 Calvary St, Waltham, MA 02453
View Listing →
Property profile
Verified
Property type
Distribution properties
Use group
BUS TERMINAL
Year built
1950
Construction
CONCRETE
Total area
26,716 SF
Lot
1.12 ac (48,652 SF)
APN
WALT M:070 B:013 L:0010
UPID
US38-1080606
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
-
Veterans Transportation LLC Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.82M
Blend (final)
Blend
$4.38M
Owner & transaction history
154 Calvary St Prop LLC · 4 yrs held
154 Calvary St Prop LLC
since 2021
Last sale
$4.4M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.3M
+73.6%
Restaurant
$3.2M
+31.3%
Auto repair, garage
$3.2M
+30.1%
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
$4,160,000
ML approach
$4,345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,270,000
Change: +74% · Conversion: Difficult
RESTAURANT
$3,230,000
Change: +31% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,200,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$4.38M
Range $3.94M – $4.82M · ±10% · vs last sale $4.40M (Sep 23 2021)
Last sale anchor
$4.40M
Sep 23 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
$164 / 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
$83,938
Tax year 2024
Assessed value
$4,053,000
Assessed 2024
Previous assessed
$4,053,000
+0.0% YoY
Effective rate
2.07%
On assessed value
Assessed land
$1,120,900
Assessed improvement
$2,932,100
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
Distribution properties
Use group
BUS TERMINAL
Status
For Lease
Year built
1950
Construction
CONCRETE
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
26,716 SF
Lot
1.12 ac (48,652 SF)
APN
WALT M:070 B:013 L:0010
UPID
US38-1080606
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
$4.3M
RESTAURANT
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.2M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
1950
Construction
CONCRETE
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
1.12 ac
Current owner
From public records · entity-resolved
154 Calvary St Prop LLC
Entity
Mailing address
50 HUNT ST, WATERTOWN, MA 02472-4625
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2021
$4,400,000
154 Calvary St Prop LLC
Waltham Rivers Edge LLC
Quit Claim Arm's Length For Ne States
$4,320,000 · Webster Five Cents Savings Bank
Oct 2, 2019
—
Waltham Rivers Edge LLC
—
Deed
related
$8,125,000 · Eastern Bank
Oct 8, 2014
$1,800,000
Waltham Rivers Edge LLC
John Capobianco T
Fiduciary Deed
$1,440,000 · Citizens 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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