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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Investment properties
40 Cres St Waltham, MA 02453-4313
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-1395046
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
FRAME
Total area
3,485 SF
Lot
0.11 ac (4,944 SF)
APN
WALT M:069 B:012 L:0004
UPID
US38-1395046
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
-
Emily Hotz Physician Medical Clinic
-
Cote Pulitzar Alvarez Inc Business Management Consultant
-
Linda J. Sacks, LICSW Foster Care Service Social Service Agency
-
EDN Immigration Law LLC Law Firm
-
Call Today: (617) 209-2970 Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$885k
Comparable Approach
Comparable
$531k
Blend (final)
Blend
$660k
Owner & transaction history
Little Engine Real Estate · 6 yrs held
Little Engine Real Estate
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$960,000
6.5%
$885,000
7%
$820,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$985,000
Current use
AUTO REPAIR, GARAGE
$980,000
Change: 0% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$965,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$940,000
Change: -5% · Conversion: Easy
OFFICE BUILDING
$890,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$660k
Range $594k – $726k · ±10%
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
$189 / 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
Assessed value
$765,000
Assessed 2024
Previous assessed
$765,000
+0.0% YoY
Assessed land
$335,300
Assessed improvement
$429,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
2
Rooms
7
Bathrooms
3
Total area
3,485 SF
Lot
0.11 ac (4,944 SF)
APN
WALT M:069 B:012 L:0004
UPID
US38-1395046
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
COMMERCIAL (GENERAL) Current
Est. value
$985,000
AUTO REPAIR, GARAGE
Est. value
$980,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$965,000
RETAIL STORES
Est. value
$940,000
OFFICE BUILDING
Est. value
$890,000
COMMERCIAL (GENERAL) Current
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
1900
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
2
Rooms
7
Bathrooms
3
Lot
0.11 ac
Current owner
From public records · entity-resolved
Little Engine Real Estate
Individual
Mailing address
40 CRES ST, WALTHAM, MA 02453-4313
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2019
—
Little Engine Real Estate
Little Engine RT
Quit Claim Deed
related
—
Mar 21, 2011
—
Little Engine RT
—
Deed Of Trust
related
$67,000 · First Commons Bank
Jun 2, 2010
—
Little Engine RT
—
Deed Of Trust
related
$700,000 · First Commons Bank
Dec 19, 2008
—
Little Engine RT
—
Deed Of Trust
related
$100,000 · Cambridge Savings Bank
May 31, 2007
$627,000
Little Engine RT
Lavin,marsha J
Grant Deed
$520,410 · Richard C Lavin
Jul 22, 2003
—
Richard C Lavin
—
Deed Of Trust
related
$270,000 · Leader Mortgage Co
Sep 30, 2002
—
Richard C Lavin
—
Deed Of Trust
related
$250,000 · Leader Mortgage Co
Jul 13, 2001
—
Richard C Lavin
—
Deed Of Trust
related
$196,000 · Leader Mortgage Co
Aug 26, 1993
$169,900
Richard C Lavin
Savarese,dominic P
Grant Deed
$152,100 · Neworld Bank Svgs
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.
Try Rey
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