Auburndale Office Condo For
450 Lexington St #204 Newton, MA 02466
450 Lexington St #204, Newton, MA, 02466
$740,000
For Sale
$740,000
1,738 SF office condo in the heart of Auburndale.
Property Size1,738 SF
Price / SF$425.78
Days on Market88
Property Features for 450 Lexington St #204
General Information
- Standard status
- Active
- Size
- 1,738 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1985
Listing agency
Commonwealth Commercial Advisors, Inc.
(617) 596-7833
Listed by
Stefan Frey
(617) 596-7833
Source
Liongatere
Added: Apr 25 Updated: Jul 10 at 1:17PM Checked: Jul 21 at 9:00AM
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 Commonwealth Commercial Advisors, Inc.
Investment Insights
Based on property information with market context.
This 1,738 SF office condominium is located in Auburndale. The move-in ready suite is suited for professional service firms and features a sunny southern exposure, oversized windows, and high ceilings. Gleaming hardwood floors are present throughout the space, which includes a glass-enclosed reception area, conference room, kitchenette, and a mix of private and open offices. The property is located minutes from Interstate 90 and Interstate 95, and approximately 16 minutes to Boston. Walkable access to village dining, Starbucks, commuter rail and Green Line service is available. The professionally managed, boutique building includes elevator access and ample on-site parking via a private drive. The building has a strong mix of established firms, with ongoing upgrades enhancing long-term value.
Key Highlights
- Move‑in ready 1,738 SF office condominium in Auburndale.
- Convenient location near Interstate 90, Interstate 95, commuter rail, and Green Line, with walkable access to dining and amenities.
- Features a glass‑enclosed reception area, conference room, and kitchenette, plus a mix of private and open offices.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.3k | $54.24 |
| − Vacancy | −$20.7k | −$11.93 |
| EGI | $73.5k | $42.31 |
| − OpEx | −$18.4k | −$10.58 |
| NOI | $55.1k | $31.73 |
1,738 SF · lease $54.24/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$787.8K
$689.3K – $919.1K
NOI $55,147 @ 7.0% cap · market cap 7.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$900.3K – $1.20M
NOI $72,022 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Alfred R Drouin ...
Financial Advisor
Computer Genius Pros
Computer & Electronic Repair
Kushner & Marano, P.C.
Law Firm
FedEx Drop Box
Postal Service
Douglas B Gage ...
Financial Advisor
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - 1,738 SF office condo in the heart of Auburndale.
Where is this office units located?
The property is located at 450 Lexington St #204 Newton, MA.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: Move‑in ready 1,738 SF office condominium in Auburndale.; Convenient location near Interstate 90, Interstate 95, commuter rail, and Green Line, with walkable access to dining and amenities.; Features a glass‑enclosed reception area, conference room, and kitchenette, plus a mix of private and open offices.
