Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    180 Bear Hill Rd Waltham, MA 02451

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    180 Bear Hill Rd Waltham, MA 02451

    View on Map
    • Office buildings
    • 17,146 SF
    • 0.70 lot acres
    For Sale
    $6,750,000
    View Listing →
    Versatile Waltham Commercial Space For Sale For Sale
    $6,750,000

    Versatile Waltham Commercial Space For Sale

    Adaptable commercial space suitable for medical, office, or retail use.

    180 Bear Hill Road, Waltham, MA 2451
    View Listing
    Property ID
    US38-0983983
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • BluePearl Pet Hospital / Veterinary Clinic
    • Vescone / Veterinary Clinic
    • UPS Drop Box / Courier Service / Postal Service
    • FedEx Drop Box / Postal Service / Courier Service
    • CVCA Cardiac Care for Pets - Waltham / Veterinary Clinic

    Property Details for 180 Bear Hill Rd

    Year built
    1965
    Construction
    CONCRETE
    Lot size
    0.70 lot acres
    Property size
    17,146 SF
    Property type
    Office buildings
    APN
    WALT M:048 B:001 L:0012
    APU
    WALTM048B001L0012

    Description

    This exceptional 18,000 square foot industrial property, located at 180 Bear Hill Road in Waltham, Massachusetts, presents a prime leasing opportunity. Built in 1965 and extensively renovated in 1999, this single-tenant building offers a versatile space ideal for a variety of uses, including medical, veterinary, or other specialized businesses. Currently occupied by a 24/7 veterinary hospital, the property boasts a three-story structure with a flexible layout designed to accommodate diverse operational needs. The building includes one loading dock and ample parking for ten or more vehicles. Its strategic location within Waltham's thriving business district provides excellent visibility and accessibility, with convenient access to I-95/Route 128. Surrounded by a vibrant mix of businesses, restaurants, and amenities, this property offers a highly desirable location for companies seeking a convenient and productive workspace. The property features modern amenities and offers off-street parking. The zip code is 02451. This is a single-tenant property. The building consists of one structure. This is a special purpose industrial property previously used as a veterinary hospital.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $5,470,000
      Current use
      COMMERCIAL (GENERAL)
      $4,985,000
      Change: -9% Conversion: Easy
      RESTAURANT
      $4,980,000
      Change: -9% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $4,825,000
      Change: -12% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $4,750,000
      Change: -13% Conversion: Difficult
      RETAIL STORES
      $4,620,000
      Change: -16% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waltham
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2661
    Latitude
    42.3823
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $84,824
    $1,537,700
    $2,558,100
    $4,095,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $33,565,000
      177,210 SF

      1050 Winter St

      OFFICE BUILDING • 177,210 SF
      1050 Winter St, Waltham, MA 02451-1401
      View Details
    • Value Estimation
      $48,135,000
      272,445 SF

      180 3rd Ave

      OFFICE BUILDING • 272,445 SF
      180 3rd Ave, Waltham, MA 02451-7586
      View Details
    • Value Estimation
      $8,720,000
      41,384 SF

      78 4th Ave, Unit 84

      OFFICE BUILDING • 41,384 SF
      78 4th Ave, Waltham, MA 02451-7507
      View Details
    • Value Estimation
      $39,850,000
      176,664 SF

      890 Winter St

      OFFICE BUILDING • 176,664 SF
      890 Winter St, Waltham, MA 02451-1470
      View Details
    • Value Estimation
      $32,590,000
      110,786 SF

      185 Wyman St

      OFFICE BUILDING • 110,786 SF
      185 Wyman St, Waltham, MA 02451-1223
      View Details
    • Value Estimation
      $35,020,000
      64,230 SF

      181 Ww St, Unit 195

      OFFICE BUILDING • 64,230 SF
      181 Ww St, Waltham, MA 02451-1111
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      200,270 SF

      Class A Office Building Waltham

      200,270 SF Class A office building on 28.2 acres.
      860 Winter St, Waltham, MA 02451
      View Details
    • $1,199,900
      4,687 SF

      Waltham Commercial Building For Sale

      4600+ sqft commercial building in downtown Waltham.
      25 Spring St, Waltham, MA 02451
      View Details
    • Contact for pricing
      3,890 SF

      Waltham Retail/Office Space Available

      Retail/office space in downtown Waltham with lower level space.
      649 Main St, Waltham, MA 02451
      View Details
    • Contact for pricing
      772 SF

      Waltham Commercial Condo For Sale

      Top-floor commercial condo in Waltham with private offices and parking.
      2 Winter St, Waltham, MA 02451
      View Details
    • $1,200,000
      3,890 SF

      Downtown Waltham Retail/Office Space

      Retail/office space in downtown Waltham on Route 20.
      649 Main St, Waltham, MA 02451
      View Details
    • Contact for pricing
      16,637 SF

      Waltham Office Condo For Sale

      Multitenanted office condo in Waltham, ideal for investors or owner-users.
      230 2Nd Ave, Waltham, MA 02451
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Waltham Freestanding Commercial Building

      Versatile 11,416 SF building suitable for office, retail, industrial.
      1273-1275 Main St, Waltham, MA 02451
      View Details
    • Contact for pricing
      38,151 SF

      Waltham Office Building For Rent

      Four-story office building in Waltham, overlooking the Cambridge Reservoir.
      1100 Winter St, Waltham, MA 02451
      View Details
    • Contact for pricing
      15,771 SF

      Waltham Office Building For Rent

      Three-story office building on Route 128 available for rent.
      830 Winter St, Waltham, MA 02451
      View Details
    • Contact for pricing
      37,255 SF

      Waltham Office and Lab Space

      500,000 SF development with flexible layouts and amenities.
      225 Wyman St, Waltham, MA 02451
      View Details
    • Contact for pricing
      115,000 SF

      Corporate Campus in Waltham, MA

      Vibrant corporate campus with amenities and highway access.
      940 Winter St, Waltham, MA 02451
      View Details
    • Contact for pricing
      26,318 SF

      Waltham Office Space Available

      Office building with 26,318 square feet available for rent.
      400 Totten Pond Rd, Waltham, MA 02451
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    180 Bear Hill Rd
    Waltham, MA 02451
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    180 Bear Hill Rd, Waltham, MA, 02451

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!