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    Property profile & analytics
    OFF-MARKET Estimated value $1,815,000
    Office buildings

    38 Edge Hl Rd, Waltham, MA 02451-1716

    16,035 SF 0.59 ac lot Built 1986
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US38-0784715
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1986
    Construction CONCRETE
    Total area 16,035 SF
    Lot 0.59 ac (25,796 SF)
    APN WALT M:057 B:006 L:0008
    UPID US38-0784715
    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
    • Protec Instrument Corporation Corporate Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.70M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.33M
    Blend (final) Blend
    $1.82M
    Owner & transaction history
    Protec Re Holdings INC · 3 yrs held
    Protec Re Holdings INC
    since 2023
    Last sale
    $1.9M
    4 recorded transactions
    2023
    2014
    $1.9M
    2009
    2008
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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