38 Edge Hl Rd Waltham, MA 02451-1716
- Office buildings
- 16,035 SF
- 0.59 lot acres
Current Use by Public Records
- Protec Instrument Corporation / Corporate Office / Equipment Supplier
Property Details for 38 Edge Hl Rd
- Year built
- 1986
- Construction
- CONCRETE
- Lot size
- 0.59 lot acres
- Property size
- 16,035 SF
- Property type
- Office buildings
- APN
- WALT M:057 B:006 L:0008
- APU
- WALTM057B006L0008
Description
This exceptional investment opportunity presents a 16,035-square-foot, four-story office building situated on a 0.81-acre lot in Waltham, Massachusetts. The property, located at 38 & 40 Edge Hill Rd, 02451, is zoned Commercial/R3 and includes a separate 0.22-acre vacant lot. Built in 1986, the building features a single elevator, two staircases, and a sprinkler system. The interior boasts 14-foot ceilings (11 feet on levels with drop ceilings), eight restrooms (one men's and one women's per floor), and ample parking for 40 vehicles. The building is currently owner-occupied, with the current use being light manufacturing and laboratory space. The seller requires a two-year leaseback of less than 50% of the building's space, providing a potential income stream for the buyer. The property is approximately 1.5 miles from Route 95, offering convenient access to major transportation routes. This versatile property is suitable for traditional office, medical office, or creative office uses, making it an attractive investment for owner-users or investors seeking a multi-faceted opportunity in a prime Waltham location. The asking price is $3,295,000, with a price per square foot of $205.49. The building is heated by gas.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,760,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,905,000
- 6.5%
- $1,770,000
- 7%
- $2,110,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,790,000
- Geo Method
- $1,785,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,690,000
- Retail
- $1,820,000
- Mixed-Use
- $1,730,000
- Hospitality
- $1,765,000
- Educational
- $1,890,000
- Residential Income
- $1,525,000
- Energy
- $2,065,000
- Income-Based Land
- $1,790,000
- Food Service
- $1,675,000
Location Insight
- Map
- Local Demand
- City
- Waltham
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.26
- Latitude
- 42.3768
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
