38 Edge Hl Rd, Waltham, MA 02451-1716
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.
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Protec Instrument Corporation Corporate Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.