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    Property profile & analytics

    50 Thayer Rd Waltham, MA 02453-7015

    • Warehouses
    • 14,400 SF
    • 0.31 lot acres
    OFF-MARKET
    Last Sale
    May 09, 2022
    $2,400,000
    Value Estimations
    $2,370,000
    Show details
    Cap Rate Potential
    9%
    Warehouses
    Location Intelligence
    Property ID
    US38-0702232
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Custom Woodwork / General Contractor
    • Little Foreign Car Garage - Bosch Car Service / Auto Repair Shop

    Property Details for 50 Thayer Rd

    Year built
    1950
    Construction
    STEEL FRAME
    Lot size
    0.31 lot acres
    Property size
    14,400 SF
    Property type
    Warehouses
    APN
    WALT M:046 B:012 L:0005
    APU
    WALTM046B012L0005

    Value 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

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,572,000
      Market price range: $914k - $3.24M

    • 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

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waltham
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1945
    Latitude
    42.3861
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $39,272
    $329,400
    $1,566,900
    $1,896,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,410,000
      15,000 SF

      166 Riverview Ave

      WAREHOUSE, STORAGE • 15,000 SF
      166 Riverview Ave, Waltham, MA 02453-3843
      View Details
    • Value Estimation
      $5,160,000
      41,304 SF

      180 Calvary St

      WAREHOUSE, STORAGE • 41,304 SF
      180 Calvary St, Waltham, MA 02453-8342
      View Details
    • Value Estimation
      $1,710,000
      18,300 SF

      194-196 Newton St

      WAREHOUSE, STORAGE • 18,300 SF
      194-196 Newton St, Waltham, MA 02453
      View Details
    • Value Estimation
      $2,585,000
      32,658 SF

      50 Sun St

      WAREHOUSE, STORAGE • 32,658 SF
      50 Sun St, Waltham, MA 02453-4154
      View Details
    • Value Estimation
      $940,000
      9,782 SF

      30 Thayer Rd

      WAREHOUSE, STORAGE • 9,782 SF
      30 Thayer Rd, Waltham, MA 02453-7031
      View Details
    • Value Estimation by Request
      3,312 SF

      12 Chestnut Ave

      WAREHOUSE, STORAGE • 3,312 SF
      12 Chestnut Ave, Waltham, MA 02453-0407
      View Details

    Similar Nearby for Sale

    • $2,895,000

      Waltham Industrial Building For Sale

      Large commercial block with warehouse, manufacturing, and office space.
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      Garage and Office Space For Sale

      Garage and office space suitable for various business uses.
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      Established Self-Storage Facility in Waltham

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      Vacant Wooded Lot For Development

      Vacant wooded lot with Charles River views, ready for development.
      67 Crescent St, Waltham, MA 02453
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      Prime Location Business Opportunity

      Former lounge suitable for restaurant or other business ventures.
      592-600 Moody St, Waltham, MA 02453
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,300 SF

      Waltham Warehouse Space Available

      Commercial warehouse space for lease with on-site parking.
      91 Felton St, Waltham, MA 02453
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    • Contact for pricing
      4,969 SF

      Waltham Flex Warehouse Space

      Open flex warehouse space in Waltham with loading docks.
      38 Yetten Ter, Waltham, MA 02453
      View Details
    • Contact for pricing
      4,738 SF

      Waltham Flex Space For Rent

      Renovated flex space with open floor plan and parking.
      70 Clematis Ave, Waltham, MA 02453
      View Details
    • $23 SF/Yr
      600 SF

      Renovated Office Space in Waltham

      Renovated 600 sqft office space in a warehouse building.
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      View Details
    • Contact for pricing
      25,590 SF

      Waltham R&D Flex Space

      25,590 SF single-story R&D flex space for lease.
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      View Details
    • Contact for pricing
      14,123 SF

      Shared Deep Tech Space Available

      Shared office, lab, and R&D space near downtown Waltham.
      154 Calvary St, Waltham, MA 02453
      View Details
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    50 Thayer Rd
    Waltham, MA 02453-7015
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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