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    Property profile & analytics

    190 Willow St Waltham, MA 02453-8334

    • Showrooms
    • 57,596 SF
    • 2.24 lot acres
    OFF-MARKET
    Value Estimations
    $12,170,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-2272549
    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.

    Current Use by Public Records

    • Extra Space Storage / Storage Facility

    Property Details for 190 Willow St

    Year built
    1966
    Construction
    STEEL FRAME
    Lot size
    2.24 lot acres
    Property size
    57,596 SF
    Property type
    Showrooms
    APN
    WALT M:071 B:003 L:0020
    APU
    WALTM071B003L0020

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $15,840,000
      6.5%
      $14,620,000
      7%
      $13,575,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,978,000
      Market price range: $8.84M - $24.7M
      AI Estimate
      $7,915,000
      Market price range: $3.16M - $14.1M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $16,260,000
      Current use
      RESTAURANT
      $16,720,000
      Change: +3% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $16,210,000
      Change: -0% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $15,960,000
      Change: -2% Conversion: Difficult
      RETAIL STORES
      $15,525,000
      Change: -5% Conversion: Easy
      OFFICE BUILDING
      $14,675,000
      Change: -10% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $13,270,000
      Change: -18% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Waltham
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2198
    Latitude
    42.3702
    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
    $236,305
    $2,155,600
    $9,254,600
    $11,410,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,115,000
      8,356 SF

      30 Elm St

      SHOW ROOM, WAREHOUSE • 8,356 SF
      30 Elm St, Waltham, MA 02453-5360
      View Details
    • Value Estimation
      $1,485,000
      10,020 SF

      160 Newton St

      SHOW ROOM, WAREHOUSE • 10,020 SF
      160 Newton St, Waltham, MA 02453-8643
      View Details
    • Value Estimation
      $510,000
      1,758 SF

      26 Thayer Rd

      SHOW ROOM, WAREHOUSE • 1,758 SF
      26 Thayer Rd, Waltham, MA 02453-7020
      View Details
    • Value Estimation
      $1,170,000
      1,796 SF

      260 Calvary St

      SHOW ROOM, WAREHOUSE • 1,796 SF
      260 Calvary St, Waltham, MA 02453-8366
      View Details
    • Value Estimation
      $870,000
      6,600 SF

      238-240 Calvary St

      SHOW ROOM, WAREHOUSE • 6,600 SF
      238-240 Calvary St, Waltham, MA 02453
      View Details
    • Value Estimation by Request
      3,400 SF

      82 Clematis Ave

      SHOW ROOM, WAREHOUSE • 3,400 SF
      82 Clematis Ave, Waltham, MA 02453-7013
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,585 SF

      Mixed-Use Building Near Moody Street

      Mixed-use property with residential, rooming house, and salon spaces.
      55-57 Crescent St, Waltham, MA 02453
      View Details
    • $5,000,000
      9,345 SF

      Retail Building For Sale

      9,345 SF retail building suitable for various businesses.
      210 Moody St, Waltham, MA 02453
      View Details
    • Contact for pricing
      24,000 SF

      Moody Street Mixed-Use Opportunity

      Waltham, MA: 24,000 SF, 42 Units, Redevelopment Site
      210 Moody St, Waltham, MA 02453
      View Details
    • $699,000
      0.39 Acres

      42 Felton St, Waltham, MA 02453

      Commercial real estate • 0.39 Acres
      42 Felton St, Waltham, MA 02453
      View Details
    • Contact for pricing

      Retail, Restaurant, and Hotel Hub

      Located near commuter rail and major routes, ideal for ventures.
      210 Moody St, Waltham, MA 02453
      View Details
    • $1,995,000

      Multifamily with Commercial Space

      Multi-family property with commercial space and licensed rooming house.
      55-57 Crescent St, Waltham, MA 02453
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,772 SF

      Retail Space in Waltham Center

      Located in the heart of Waltham, ideal for retailers.
      237 Moody St, Waltham, MA 02453
      View Details
    • Contact for pricing
      7,500 SF

      Prime Retail Space on Moody

      Up to 7,500 SF retail space for lease.
      274 Moody St, Waltham, MA 02453
      View Details
    • Contact for pricing
      1,944 SF

      Restaurant Space in Central Waltham

      Restaurant leasing opportunity with high visibility and ample parking.
      653-663 Main St, Waltham, MA 02453
      View Details
    • Contact for pricing
      300 SF

      Retail or Office Space Available

      Small retail or office space in front of building.
      100 Felton St, Waltham, MA 02453
      View Details
    • Contact for pricing
      4,187 SF

      Prime Location Renovation Opportunity

      Former Rendezvous Lounge, ideal for restaurant or retail business.
      592-600 Moody St, Waltham, MA 02453
      View Details
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    Waltham, MA 02453-8334
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    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
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