Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    230 2nd Ave1b Waltham, MA 02451-1123
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    230 2nd Ave1b Waltham, MA 02451-1123

    View on Map
    • Office properties & Spaces
    • 7,436 SF
    Off-Market
    Property ID
    US38-1766004
    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
    $1,810,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Data Sense Solutions Inc / Vocational School / Training Center
    • Stephen Coffey - Private Wealth Advisor, Ameriprise Financial Services, LLC / Financial Advisor
    • Ashley Elizabeth Peters - Financial Advisor, Ameriprise Financial Services, LLC / Financial Advisor
    • Melissa Indelicato - Private Wealth Advisor, Ameriprise Financial Services, LLC / Financial Advisor
    • Erie Home / Roofing Company / General Contractor

    Property Details for 230 2nd Ave1b

    Year built
    1985
    Construction
    STEEL FRAME
    Property size
    7,436 SF
    Property type
    Office properties & Spaces
    APN
    WALT M:039 B:002 L:0005 01B
    APU
    WALTM039B002L000501B

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,286,000
      Market price range: $1.31M - $3.71M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,375,000
      Current use
      COMMERCIAL (GENERAL)
      $2,160,000
      Change: -9% Conversion: Easy
      RESTAURANT
      $2,160,000
      Change: -9% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $2,095,000
      Change: -12% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,060,000
      Change: -13% Conversion: Difficult
      RETAIL STORES
      $2,005,000
      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
    -71.2631
    Latitude
    42.3897
    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
    $30,647
    $0.00
    $1,479,800
    $1,479,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      489 SF

      243 Lk St, Unit 1

      CONDOMINIUM OFFICES • 489 SF
      243 Lk St, Waltham, MA 02451-0854
      View Details
    • Value Estimation by Request
      795 SF

      2 Winter St Ste, Unit 402

      CONDOMINIUM OFFICES • 795 SF
      2 Winter St Ste, Waltham, MA 02451-0944
      View Details
    • Value Estimation
      $3,675,000
      16,637 SF

      230 2nd Ave Ste, Unit 3

      CONDOMINIUM OFFICES • 16,637 SF
      230 2nd Ave Ste, Waltham, MA 02451-1140
      View Details
    • Value Estimation by Request
      707 SF

      2 Winter St Ste, Unit 102

      CONDOMINIUM OFFICES • 707 SF
      2 Winter St Ste, Waltham, MA 02451-0960
      View Details
    • Value Estimation by Request
      871 SF

      2 Winter St Ste, Unit 304

      CONDOMINIUM OFFICES • 871 SF
      2 Winter St Ste, Waltham, MA 02451-0960
      View Details
    • Value Estimation by Request
      791 SF

      2 Winter St Ste, Unit 104

      CONDOMINIUM OFFICES • 791 SF
      2 Winter St Ste, Waltham, MA 02451-0960
      View Details

    Similar Nearby for Sale

    • $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
      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
    • 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
    • $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

      Versatile Waltham Commercial Space For Sale

      Adaptable commercial space suitable for medical, office, or retail use.
      180 Bear Hill Rd, Waltham, MA 02451
      View Details
    • New
      $1,200,000
      3,343 SF

      Waltham Four Family Opportunity

      Well-maintained four-family in desirable location with tenant flexibility.
      291-293 School St, Waltham, MA 02451
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space for Lease

      Office space available for rent in Waltham, Massachusetts.
      410 Totten Pond Rd, Waltham, MA 02451
      View Details
    • Contact for pricing
      24,057 SF

      Waltham Life Science Conversion Project

      Class A life science space for rent in Waltham, MA.
      21 Hickory Dr, Waltham, MA 02451
      View Details
    • Contact for pricing
      7,480 SF

      Prominent Office Building on Summit

      Six-story office building with brick exterior and concrete accents.
      69 Hickory Dr, Waltham, MA 02451
      View Details
    • Contact for pricing

      Modern Office Space Available

      Furnished office space with amenities, convenient location, and discounted rate.
      1601 Trapelo Rd, Waltham, MA 02451
      View Details
    • Contact for pricing
      30,000 SF

      Waltham Flex/R&D Sublease Opportunity

      Flex/R&D space available for sublease through 3/31/32.
      62 4Th Ave, Waltham, MA 02451
      View Details
    • Contact for pricing
      150,000 SF

      Amenity-Rich Office Campus in Waltham

      Vibrant corporate campus near high-tech hub with shuttle service.
      910 Winter St, Waltham, MA 02451
      View Details
    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.
    230 2nd Ave1b
    Waltham, MA 02451-1123
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!