New search
Property profile & analytics
FOR LEASE
Commercial real estate
85 Riv St, Waltham, MA 02453-8300
Individually Owned
26-yr Hold
~
Est. High Equity
Property ID
US38-1172199
For Lease
1 / 3
$25 SF/Yr
85 Riv St, Waltham, MA 02453-8300
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
3.53 ac (153,632 SF)
APN
WALT M:071 B:006 L:0004
UPID
US38-1172199
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
-
Colonial Shopping Center Shopping Center & Mall
-
FedEx Drop Box Postal Service Courier Service
-
Globelend Mortgage Loan Service Bank
-
Gardner Skidsteer Rental Construction Company
-
Clearwater Laundromat/Dry Cleaning & Linen Co. (Bike/Boat/Book/etc) Store
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
Colonial Shopping Ctr · 26 yrs held
Colonial Shopping Ctr
since 1999
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 2020Property tax & assessments
Tax year 2020
Tax billed
$162,895
Tax year 2020
Assessed value
$8,536,300
Assessed 2024
Previous assessed
$8,536,300
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$3,109,000
Assessed improvement
$5,427,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Heating
NONE
Cooling
YES
Buildings
2
Units
41
Lot
3.53 ac (153,632 SF)
APN
WALT M:071 B:006 L:0004
UPID
US38-1172199
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
Heating
NONE
Cooling
Yes
Buildings
2
Units
41
Lot
3.53 ac
Current owner
From public records · entity-resolved
Colonial Shopping Ctr
Individual
Mailing address
85 RIV ST, WALTHAM, MA 02453-8300
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2013
—
Colonial Shopping Center
—
Deed Of Trust
related
$1,000,000 · Rockland Trust Co
Feb 7, 2013
—
Colonial Shopping Center
—
Deed Of Trust
related
$1,000,000 · Rockland Trust Co
Mar 13, 2001
—
Colonial Shopping Ctr
—
Deed Of Trust
related
$450,000 · Janet Cook Dunbar
Sep 16, 1999
$45,825
Colonial Shopping Ctr
Boston & Maine Corp
Grant Deed
—
Sep 29, 1997
—
Colonial Shopping Ctr
—
Deed Of Trust
related
$500,000 · Janet Cook Dunbar
Sep 4, 1991
—
Colonial Shopping Ctr
—
Deed Of Trust
related
$300,000 · Worc County Inst Savings
Jul 11, 1990
—
Colonial Shopp Ctr INC
—
Deed Of Trust
related
$500,000 · Worc County Inst Savings
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.
