New search
Property profile & analytics
FOR LEASE
Warehouses
50 Thayer Rd, Waltham, MA 02454
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0702232
For Lease
$2,500/Mo
50 Thayer Rd, Waltham, MA 02454
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1950
Construction
STEEL FRAME
Total area
14,400 SF
Lot
0.31 ac (13,308 SF)
APN
WALT M:046 B:012 L:0005
UPID
US38-0702232
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
-
Custom Woodwork General Contractor
-
Little Foreign Car Garage - Bosch Car Service Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.93M
CAP Approach
CAP
$2.86M
Comparable Approach
Comparable
$2.57M
Blend (final)
Blend
$2.37M
Owner & transaction history
70 Concord Ave LLC · 4 yrs held
70 Concord Ave LLC
since 2022
Last sale
$2.4M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.9M
+85.3%
Office building
$3.7M
+75.2%
Apartment house (5+ units)
$3.3M
+58.4%
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
$2,055,000
ML approach
$1,930,000
CAP Approach
CAP Return
Estimation
6%
$3,100,000
6.5%
$2,860,000
7%
$2,655,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,095,000
Current use
RETAIL STORES
$3,880,000
Change: +85% · Conversion: Moderate
OFFICE BUILDING
$3,670,000
Change: +75% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,320,000
Change: +58% · Conversion: Difficult
Blend value · Realmo final
$2.37M
Range $2.13M – $2.61M · ±10% · vs last sale $2.40M (May 9 2022)
Last sale anchor
$2.40M
May 9 2022
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
$165 / 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
$39,272
Tax year 2024
Assessed value
$1,896,300
Assessed 2024
Previous assessed
$1,896,300
+0.0% YoY
Effective rate
2.07%
On assessed value
Assessed land
$329,400
Assessed improvement
$1,566,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1950
Construction
STEEL FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Units
4
Bathrooms
7
Total area
14,400 SF
Lot
0.31 ac (13,308 SF)
APN
WALT M:046 B:012 L:0005
UPID
US38-0702232
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
WAREHOUSE, STORAGE Current
Est. value
$2.1M
RETAIL STORES
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
WAREHOUSE, STORAGE Current
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1950
Construction
STEEL FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Units
4
Bathrooms
7
Lot
0.31 ac
Current owner
From public records · entity-resolved
70 Concord Ave LLC
Entity
Mailing address
225 PROSPECT ST, BELMONT, MA 02478-2610
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2022
$2,400,000
70 Concord Ave LLC
Hull RT
Quit Claim Arm's Length For Ne States
$1,800,000 · Watertown Savings 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.
