Back to Search
Property profile & analytics
FOR LEASE
Office buildings
440 Totten Pond Rd Waltham, MA 02451
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US38-0637007
For Lease
$2,500/Mo
440 Totten Pond Rd, Waltham, MA 02451
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1963
Construction
STEEL FRAME
Total area
12,063 SF
Lot
0.86 ac (37,492 SF)
APN
WALT M:031 B:005 L:0003
UPID
US38-0637007
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
-
Moran Law Offices Law Firm
-
Prime Insurance, MA Insurance Agency
-
AssuriCare (Bike/Boat/Book/etc) Store Corporate Office
-
Yad Chessed Charitable Organization Social Service Agency
-
Hire Family Inc Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$725k
Blend (final)
Blend
$1.11M
Owner & transaction history
Pg Realty LLC · 23 yrs held
Pg Realty LLC
since 2002
5 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±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
$92 / 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
$29,675
Tax year 2024
Assessed value
$1,432,900
Assessed 2024
Previous assessed
$1,432,900
+0.0% YoY
Effective rate
2.07%
On assessed value
Assessed land
$1,274,800
Assessed improvement
$158,100
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1963
Construction
STEEL FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
4
Bathrooms
8
Total area
12,063 SF
Lot
0.86 ac (37,492 SF)
APN
WALT M:031 B:005 L:0003
UPID
US38-0637007
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
Building & site characteristics
From public records
Year built
1963
Construction
STEEL FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
4
Bathrooms
8
Lot
0.86 ac
Current owner
From public records · entity-resolved
Pg Realty LLC
Entity
Mailing address
PO BOX 550078, NORTH WALTHAM, MA 02455-0078
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2002
$1,600,000
Pg Realty LLC
Naked Re LLC
Grant Deed
$1,200,000 · Fleet National Bank
May 1, 2000
$1,200,000
Naked Re LLC
440 Totten Pond Rd
Grant Deed
$960,000 · Central Cooperative Bank
Jan 17, 1996
—
Totten Pond Rd Gen 440
—
Deed Of Trust
related
$180,000 · Bay Colony Dev Corp
Jun 20, 1995
$430,000
Totten Pond Rd 440
Lacava Ascs
Grant Deed
$240,000 · Bay Bank
Jun 20, 1995
—
Totten Pond Rd 440
—
Deed Of Trust
related
$172,000 · Bay Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
