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    77 Rumford Ave Waltham, MA 02453

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    77 Rumford Ave Waltham, MA 02453

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    • Office buildings
    • 24,111 SF
    • 0.57 lot acres
    For Lease
    $25 SF/Yr
    View Listing →
    Waltham Office Suite for Rent For Lease
    $25 SF/Yr
    2,685 SF

    Waltham Office Suite for Rent

    First floor office suite with private offices and amenities.

    77 Rumford Ave, Waltham, MA 2453
    View Listing
    Property ID
    US38-1741219
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • John Rogaris Law Office / Law Firm
    • Nancy E. Fillio, LICSW / Foster Care Service / Social Service Agency
    • Bonita Ciambotti / Foster Care Service / Social Service Agency
    • Emma Goldblum / Foster Care Service / Social Service Agency
    • Alaina Malpere / Medical School

    Property Details for 77 Rumford Ave

    Year built
    1890
    Construction
    STEEL FRAME
    Lot size
    0.57 lot acres
    Property size
    24,111 SF
    Property type
    Office buildings
    APN
    WALT M:076 B:017 L:0006
    APU
    WALTM076B017L0006

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,362,000
      Market price range: $659k - $2.98M

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

    Location Insight

    • Map
    • Local Demand
    City
    Waltham
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2439
    Latitude
    42.3593
    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
    $58,150
    $612,300
    $2,195,500
    $2,807,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,320,000
      10,780 SF

      361 Moody St, Unit 371

      OFFICE BUILDING • 10,780 SF
      361 Moody St, Waltham, MA 02453-5208
      View Details
    • Value Estimation
      $6,630,000
      31,974 SF

      282 Moody St Ste, Unit 290

      OFFICE BUILDING • 31,974 SF
      282 Moody St Ste, Waltham, MA 02453-5219
      View Details
    • Value Estimation
      $1,095,000
      11,183 SF

      22 Bedford St

      OFFICE BUILDING • 11,183 SF
      22 Bedford St, Waltham, MA 02453-3597
      View Details
    • Value Estimation
      $1,080,000
      4,960 SF

      266 Calvary St

      OFFICE BUILDING • 4,960 SF
      266 Calvary St, Waltham, MA 02453-8390
      View Details
    • Value Estimation
      $11,710,000
      55,652 SF

      260 Charles St

      OFFICE BUILDING • 55,652 SF
      260 Charles St, Waltham, MA 02453-3524
      View Details
    • Value Estimation by Request
      2,775 SF

      240 Newton St

      OFFICE BUILDING • 2,775 SF
      240 Newton St, Waltham, MA 02453-8621
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Waltham Office Building For Sale

      Fully-leased office building with value-add potential in Waltham, MA.
      77 Rumford Ave, Waltham, MA 02453
      View Details
    • Contact for pricing
      24,500 SF

      Fully Leased Waltham Office Building

      Multi-tenanted office building in Waltham, fully leased with value-add potential.
      77 Rumford Ave, Waltham, MA 02453
      View Details
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      Waltham Commercial Space For Sale

      20,000 SF commercial space near Moody St and commuter rail.
      100-104 Felton St, Waltham, MA 02453
      View Details
    • $529,000

      Medical Office Condo For Sale

      Medical office condominium for sale in a convenient location.
      20 Hope Ave, Waltham, MA 02453
      View Details
    • Contact for pricing
      24,000 SF

      Moody Street Mixed-Use Opportunity

      Waltham, MA: 24,000 SF, 42 Units, Redevelopment Site
      210 Moody St, Waltham, MA 02453
      View Details
    • $2,895,000

      Waltham Industrial Building For Sale

      Large commercial block with warehouse, manufacturing, and office space.
      30 Clematis Ave, Waltham, MA 02453
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,000 SF

      Waltham Office Building For Rent

      Full building or individual suites available near Moody Street.
      296 Newton St, Waltham, MA 02453
      View Details
    • Contact for pricing
      7,285 SF

      Office Building Near Brandeis University

      Six-story office building with amenities near Brandeis University.
      51 Sawyer Rd, Waltham, MA 02453
      View Details
    • Contact for pricing
      1,568 SF

      Waltham Office Building For Rent

      Four-story office building near Route 128/Mass Pike interchange.
      260 Charles St, Waltham, MA 02453
      View Details
    • Contact for pricing
      13,000 SF

      Waltham Office Building For Rent

      Office building with suites available in Waltham near Moody Street.
      296 Newton St, Waltham, MA 02453
      View Details
    • Contact for pricing

      Retail/Office Build to Suit Opportunity

      Retail and office space available for rent.
      210 Moody St, Waltham, MA 02453
      View Details
    • Contact for pricing

      Waltham Medical Suites For Lease

      Medical suites available for lease in Waltham's Doctors Office Building.
      32 South St, Waltham, MA 02453
      View Details
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    Waltham, MA 02453
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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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    77 Rumford Ave, Waltham, MA, 02453

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