Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    114 Waltham Street #11 Lexington, MA 2452

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $960 /Mo

    Two-room office space in a professional building near Lexington center.

    Type:Commercial
    Added:
    Mar 27, 2026
    Days on Market:
    20
    Last Refresh:
    Apr 1 at 8:58 pm

    Property Features for 114 Waltham Street #11

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    9999

    We can help!

    Listing Contact
    Nickola Turner

    Listing agent Nickola Turner

    Listing office Senne

    Listing date Mar 27, 2026

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Senne

    Overview

    Lexington Office Space For Rent

    This two-room office space is located on the first floor of a two-story professional building just outside of Lexington center. The property features common bathrooms and a kitchenette. Multiple parking spaces are available. The lease term is preferably three years. Heat and air conditioning are included. The space has been freshly painted.
    Location Intelligence

    Current Use by Public Records

    Sharon Fischer Therapy Counselor Lexington Optical Associates Ophthalmologist Tharros House Medical Clinic Dynamic Object Language ... (Bike/Boat/Book/etc) Store Jordon Judith V Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2283397
    Latitude
    42.4454691

    Nearby Similar for Lease

    • Contact for pricing

      Renovated Storefront in East Lexington

      Cozy, renovated storefront suitable for various small businesses.
      4 Bow Street, Lexington, MA 02420
      View Details
    • Contact for pricing

      Lexington Office Space For Rent

      Versatile 1,020 sqft office space near Route 128.
      271 Lincoln Street #12, Lexington, MA 02421
      View Details
    • $35/mo

      Prime Lexington Center Retail/Office Space

      High-visibility retail/office space in Lexington Center with flexible floor plans.
      1844 Massachusetts Ave, Lexington, MA 02420
      View Details
    • Contact for pricing

      Lexington Center Standalone Office Building

      Charming 1,123 sq ft office in Lexington Center.
      52-B Waltham St, Lexington, MA
      View Details
    • Contact for pricing

      Lexington Commercial Space for Lease

      Highly accessible Lexington commercial space suitable for various business types.
      235 Bedford #3, Lexington, MA 02420
      View Details
    • Contact for pricing

      Office/Lab/GMP Campus For Rent

      300,000 SF office, lab, and GMP campus available for rent.
      10 Maguire Rd, Lexington, MA 02421
      View Details
    • Contact for pricing

      Lexington Office Suite For Lease

      Well-maintained Lexington office suite with superb highway access.
      394 Lowell St #18, Lexington, MA 02420
      View Details
    • Contact for pricing

      Lexington Office Space For Rent

      Two-room office space in Lexington, near Lexington Center.
      114 Waltham St #12, Lexington, MA 02420
      View Details
    • Contact for pricing

      Restaurant Space in Downtown Lexington

      Second-generation restaurant space in a prime downtown location.
      1833 Massachusetts Ave, Lexington, MA 02420
      View Details
    • Contact for pricing

      Prime Retail Space on Bedford

      Versatile space with high visibility on Bedford Street.
      235 Bedford #1, Lexington, MA 02420
      View Details
    • Contact for pricing

      Lexington Office Space For Rent

      Three-room office space near Lexington Center, 430 square feet.
      114 Waltham Street #21, Lexington, MA 02421
      View Details
    • $40/mo

      Lexington Office Building For Rent

      Five-story red brick office building near Routes 2 and 128.
      95 Hayden Ave, Lexington, MA
      View Details

    FAQs

    What type of property is this?
    Office units - Two-room office space in a professional building near Lexington center.
    Where is this office units located?
    The property is located at 114 Waltham Street #11 Lexington, MA.
    What is the lease rate?
    The lease rate is $960 /Mo.
    What are key features of this property?
    This property features: Convenient location just outside of Lexington center; Heat and A/C included; Multiple parking spaces
    (781) 648-6900
    We can help!
    Listing Contact
    Nickola Turner
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!