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Property profile & analytics
FOR LEASE
Office buildings
300 3Rd Ave, Waltham, MA 02451
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-1685006
For Lease
1 / 2
$3,055,000
300 3Rd Ave, Waltham, MA 02451
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2021
Construction
STEEL FRAME
Total area
124,950 SF
Lot
1.69 ac (73,812 SF)
APN
WALT M:039 B:003 L:0005
UPID
US38-1685006
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
-
Neprospex Inc (Bike/Boat/Book/etc) Store Corporate Office
-
Management Strategies Group Business Management Consultant
-
Dun & Bradstreet Marketing & Advertising
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
300 Third Ave Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.64M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.06M
Owner & transaction history
Lgp LLC · 6 yrs held
Lgp LLC
since 2020
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,980,000
ML approach
$3,640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.06M
Range $2.75M – $3.36M · ±10% · vs last sale $2.80M (Mar 4 2020)
Last sale anchor
$2.80M
Mar 4 2020
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
$24 / 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
$910,062
Tax year 2024
Assessed value
$43,943,100
Assessed 2024
Previous assessed
$43,943,100
+0.0% YoY
Effective rate
2.07%
On assessed value
Assessed land
$2,524,800
Assessed improvement
$41,418,300
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2021
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
6
Units
1
Bathrooms
4
Total area
124,950 SF
Lot
1.69 ac (73,812 SF)
APN
WALT M:039 B:003 L:0005
UPID
US38-1685006
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
Building & site characteristics
From public records
Year built
2021
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
6
Buildings
1
Units
1
Bathrooms
4
Lot
1.69 ac
Current owner
From public records · entity-resolved
Lgp LLC
Entity
Mailing address
53 STATE ST, BOSTON, MA 02109-2820
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2020
—
300 Third Owner LLC
—
Deed
related
$60,000,000 · Bank Ozk
Mar 4, 2020
—
Lgp LLC
Lgp
Quit Claim Deed
related
—
Mar 4, 2020
$5,143,849
300 Third Owner LLC
Lgp
Quit Claim Deed
—
Mar 4, 2020
$4,332,660
300 Third Owner LLC
Lgp LLC
Quit Claim Deed
—
Oct 1, 2003
—
Lgp INC
—
Deed Of Trust
related
$3,750,000 · Southern Nh Bank & Trust
Nov 14, 1997
—
Lgp LP
—
Deed Of Trust
related
$2,800,000 · Boston Capital Mtg Co
Apr 13, 1995
$2,800,000
Lgp LP
Prop Asset Mgmt INC
Grant Deed
—
Mar 15, 1994
—
Property Asset Mgt INC
—
Deed Of Trust
related
$2,500,000 · Lehman Capital Corp
Mar 10, 1988
—
Hill Off Pk Prospect
—
Deed Of Trust
related
$1,600,000 · Fleet National 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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