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

    32 Hartwell Ave Lexington, MA

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    30,000-69,154 SF fully furnished office/R&D space for sublease.

    Type:FLEX_R_AND_D
    Property size:
    69,154 SF
    Lot size:
    6.60 Acres
    Added:
    Jul 15, 2025
    Days on Market:
    263
    Last Refresh:
    Apr 1 at 9:47 pm

    Property Features for 32 Hartwell Ave

    General Information

    Standard status
    Active
    Size
    69,154 SF
    Lot size
    6.60 Acres
    Property subtype
    FLEX_R_AND_D

    Spaces For Lease

    at 32 Hartwell Ave Contact us

    We can help!

    Listing Contact
    Matthew Malatesta

    Listing agent Matthew Malatesta

    Listing office Newmark | Boston

    Listing date Jul 15, 2025

    Source Moodyscre

    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 Newmark | Boston

    Overview

    Lexington Office/R&D Sublease Opportunity

    This property offers a sublease opportunity for office and R&D space, ranging from 30,000 to 69,154 square feet. The space is fully furnished and suitable for flex space and industrial purposes. The property is located in Lexington, MA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Boston Properties Property Management Company FMC LEXINGTON Association / Organization

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2549
    Latitude
    42.4726

    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

      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

      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
    • Contact for pricing

      Professional Office Space For Rent

      Light-filled office space in a professional building near Lexington Center.
      114 Waltham St. #12, 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
    • Contact for pricing

      Lexington Office Space For Rent

      Office space for rent near Lexington Center and public transportation.
      114 Waltham St #14A, Lexington, MA 02421
      View Details

    FAQs

    What type of property is this?
    Flex space - 30,000-69,154 SF fully furnished office/R&D space for sublease.
    Where is this flex space located?
    The property is located at 32 Hartwell Ave Lexington, MA.
    What are key features of this property?
    This property features: 30,000‑69,154 SF Office / R&D Space available; Sublease Opportunity; Fully Furnished
    (617) 863-8090 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matthew Malatesta
    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!