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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Specialty properties
350 Frst St, Waltham, MA 02452-4718
Individually Owned
4-yr Hold
Property ID
US38-1200960
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1978
Construction
FRAME
Total area
3,077 SF
Lot
0.48 ac (20,739 SF)
APN
WALT M:035 B:008 L:0002
UPID
US38-1200960
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$965k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$783k
Blend (final)
Blend
$980k
Owner & transaction history
New Jewish High School · 4 yrs held
New Jewish High School
since 2022
Last sale
$1.1M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$895,000
+42.0%
Auto repair, garage
$865,000
+37.5%
Neighborhood: shopping center
$855,000
+35.4%
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
$945,000
ML approach
$965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$630,000
Current use
COMMERCIAL (GENERAL)
$895,000
Change: +42% · Conversion: Difficult
AUTO REPAIR, GARAGE
$865,000
Change: +37% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$855,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$830,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$785,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±10% · vs last sale $1.10M (Feb 17 2022)
Last sale anchor
$1.10M
Feb 17 2022
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
$318 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$9,628
Tax year 2022
Assessed value
$995,200
Assessed 2024
Previous assessed
$995,200
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$550,200
Assessed improvement
$445,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1978
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
6
Bathrooms
3
Total area
3,077 SF
Lot
0.48 ac (20,739 SF)
APN
WALT M:035 B:008 L:0002
UPID
US38-1200960
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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$630,000
COMMERCIAL (GENERAL)
Est. value
$895,000
AUTO REPAIR, GARAGE
Est. value
$865,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$855,000
RETAIL STORES
Est. value
$830,000
OFFICE BUILDING
Est. value
$785,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
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
1978
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
6
Bathrooms
3
Lot
0.48 ac
Current owner
From public records · entity-resolved
New Jewish High School
Individual
Mailing address
333 FRST ST, WALTHAM, MA 02452-4717
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2022
—
New Jewish High School
—
Deed
related
$820,000 · Leader Bank NA
Feb 17, 2022
$1,100,000
New Jewish High School
Edwidge Mele
Quit Claim Arm's Length For Ne States
—
May 16, 2014
$639,000
Edwidge Mele
Marzano RT
Quit Claim Deed
—
Jan 9, 2012
—
RT Marzano
—
Deed Of Trust
related
$250,000 · Watertown Savings Bank
May 18, 2004
$1
Juppe,jeanne M Tr
Juppe,jeanne M
Grant Deed
related
—
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.
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