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Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Retail space
398 Moody St 404, Waltham, MA 02453-0414
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-0574933
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
CONCRETE
Total area
3,432 SF
Lot
0.27 ac (11,835 SF)
APN
WALT M:069 B:018 L:0001
UPID
US38-0574933
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
-
Los Primos 3 Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.45M
Owner & transaction history
Moody Chestnut LLC · 2 yrs held
Moody Chestnut LLC
since 2024
Last sale
$1.5M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$970,000
+4.7%
Auto repair, garage
$965,000
+4.4%
Neighborhood: shopping center
$950,000
+2.8%
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
$1,450,000
ML approach
$1,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$925,000
Current use
COMMERCIAL (GENERAL)
$970,000
Change: +5% · Conversion: Easy
AUTO REPAIR, GARAGE
$965,000
Change: +4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$950,000
Change: +3% · Conversion: Moderate
OFFICE BUILDING
$875,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±10% · vs last sale $1.45M (Jan 25 2024)
Last sale anchor
$1.45M
Jan 25 2024
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
$422 / 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
$11,214
Tax year 2024
Assessed value
$541,500
Assessed 2024
Previous assessed
$541,500
+0.0% YoY
Effective rate
2.07%
On assessed value
Assessed land
$341,300
Assessed improvement
$200,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Construction
CONCRETE
Heating
STEAM
Buildings
1
Stories
1
Units
4
Bathrooms
4
Total area
3,432 SF
Lot
0.27 ac (11,835 SF)
APN
WALT M:069 B:018 L:0001
UPID
US38-0574933
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
RETAIL STORES Current
Est. value
$925,000
COMMERCIAL (GENERAL)
Est. value
$970,000
AUTO REPAIR, GARAGE
Est. value
$965,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$950,000
OFFICE BUILDING
Est. value
$875,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1900
Construction
CONCRETE
Heating
STEAM
Stories
1
Buildings
1
Units
4
Bathrooms
4
Lot
0.27 ac
Current owner
From public records · entity-resolved
Moody Chestnut LLC
Entity
Mailing address
398 MOODY ST #404, WALTHAM, MA 02453-0414
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2024
$1,450,000
Moody Chestnut LLC
Harriet G Goldman Family
Quit Claim Arm's Length For Ne States
$3,005,500 · Enterprise Bank & Trust Co
Jan 26, 2006
$1
Kaplan Prop LLC
Elaine G Kaplan Ret
Grant Deed
related
—
Jul 19, 2005
$1
Elaine G Kaplan Ret
Kaplan Elaine B Est
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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