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Property profile & analytics
OFF-MARKET
Warehouses
71 1st Ave, Waltham, MA 02451-1105
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1591913
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1958
Construction
STEEL FRAME
Total area
18,150 SF
Lot
1.05 ac (45,725 SF)
APN
WALT M:029 B:002 L:0016
UPID
US38-1591913
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
-
Surgi-Care Inc Corporate Office Business Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
King First West Owner LLC · 4 yrs held
King First West Owner LLC
since 2022
Last sale
$46.9M
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$109,997
Tax year 2024
Assessed value
$5,311,300
Assessed 2024
Previous assessed
$5,311,300
+0.0% YoY
Effective rate
2.07%
On assessed value
Assessed land
$1,886,800
Assessed improvement
$3,424,500
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
Off-Market
Year built
1958
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
1
Bathrooms
3
Total area
18,150 SF
Lot
1.05 ac (45,725 SF)
APN
WALT M:029 B:002 L:0016
UPID
US38-1591913
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
1958
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
1
Bathrooms
3
Lot
1.05 ac
Current owner
From public records · entity-resolved
King First West Owner LLC
Entity
Mailing address
800 BOYLSTON ST STE #2400, BOSTON, MA 02199-8160
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2022
$46,884,599
King First West Owner LLC
Atlantic Waltham Rlty LLC
Quit Claim Arm's Length For Ne States
—
Jun 17, 2021
$5,000,000
Atlantic-waltham Rlty LLC
71 1st Ave LLC
Quit Claim Arm's Length For Ne States
$7,300,000 · Middlesex Savings Bank
Jun 17, 2021
—
Atlantic-waltham Rlty LLC
—
Deed
related
$7,300,000 · Middlesex Savings Bank
Jan 6, 2020
$4,250,000
71 1st Ave LLC
Overland First Avenue LLC
Quit Claim Arm's Length For Ne States
$3,440,000 · Cambridge Savings Bank
Mar 3, 2010
$1
Overland 1st Avenue LLC
Overland RT
Grant Deed
—
Dec 7, 2004
—
Lee J Rice
—
Deed Of Trust
related
$400,000 · South Shore Bank
May 25, 2004
$1,875,856
Gary T Lawson
Nshe Lodgepole LLC
Grant Deed
—
Dec 3, 2003
$1,630,000
Nshe Lodgepole LLC
Overland RT
Grant Deed
$1,600,000 · South Shore Bank
Dec 3, 2003
—
Nshe Lodgepole LLC
—
Deed Of Trust
related
$1,280,000 · South Shore Bank
Feb 15, 1991
$260,000
Arthur B Cornfeld
Financial Pckg Corp
Grant Deed
$180,483 · Zenon Grzybowski
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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