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Flex Space with Drive-In Doors
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187 Lexington St, Waltham, MA 02452

Flex space combining warehouse with 2nd-floor office, up to 22' 11" ceilings, and three 15' x 15' drive-in doors.

Property Size18,154 SF
Days on Market709

Property Features for 187 Lexington St

General Information

Standard status Active
Size 18,154 SF
Net Rentable 5,721 SF
Property subtype FLEX_R_AND_D

Space & Availability

Available Space 5,721 SF
Contiguous Space 5,721 SF
Floor 2
Space Use Warehouse

Warehouse & Industrial

Clear Height 22.9 ft
Warehouse Space 12,433 SF
Office Build-Out 5,721 SF
Drive-In Doors 3
Voltage 480 V
Three-Phase Power Yes

Additional Details

Outdoor Storage Yes

Amenities

dedicated kitchen
break room
Listing Agency: Lincoln Property Company | Boston
Listed By: Will Greer
Source: Moodyscre
Added: Aug 21, 2024 Changed: Jul 30 Last Checked: Jul 30 at 5:20PM

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 Lincoln Property Company | Boston

Investment Insights

Based on property information with market context.

Flex space offering 12,433 SF of warehouse area with an additional 5,721 SF of 2nd-floor office space. The facility features up to 22' 11" ceiling heights and three (3) drive-in doors measuring 15' x 15'. Outdoor storage is available, supporting operations that need staging or laydown space.

The office portion includes dedicated kitchen and break room space. Electrical service is provided via a 277/480V, 3 Phase, 4 wire system. On-site parking is available, and the property is positioned for access to local amenities and regional transportation.

This layout supports a range of industrial-light uses where both warehouse functionality and dedicated office space are important.

Key Highlights

  • 12,433 SF warehouse plus 5,721 SF 2nd‑floor office space
  • Up to 22' 11" ceiling heights
  • Three (3) 15' x 15' drive‑in doors

Property Analytics

Current Use

Interior Stone & Tile Kitchen & Bath Showroom Brookes + Hill Custom ... Construction Company Back Bay Tile General Contractor FYZICAL Therapy & Balance ... Physician Autentico Mosaic & Bath ... General Contractor

Suggested Use

Top Pick Hotel & Motel Auto Parts Store Clothing & Fashion Store Pet Grooming Service (Bike/Boat/Book/etc) Store Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

22 ft
Clear height
3
Drive-in doors
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,509
Businesses Nearby
Balanced
Demand for This Use

Demographics for 02452, MA

15,340
Population
5,838
Households
2.6
Avg Household Size
33
Median Age
54%
College-Educated
93%
High-School Grad
3.8 sq mi
ZIP Area
4,037
Density / Sq Mi
$112,902
Median Household Income
$41,351
Median Earnings
$2,325
Median Rent
$779,900
Median Home Value

Market

Lease Benchmarks for Waltham, MA

$53.56 /SF/Yr
Avg Asking Price
$10–$141 /SF/Yr
Price Range
3,624 SF
Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Similar Off Market Nearby

  • Cruz Market — 139 Felton St, Waltham, MA 02453
  • C M Catering — 73 Charles St, Waltham, MA 02453
  • Salgueros Market || — 139 Felton St, Waltham, MA 02453
  • Kiwaz Caribbean Spice — 33 Lexington St, Waltham, MA 02452
  • Raw Silk Catering — 116 Bright St, Waltham, MA 02453

Frequently Asked Questions

What type of property is this?
Flex space - Flex space combining warehouse with 2nd-floor office, up to 22' 11" ceilings, and three 15' x 15' drive-in doors.
Where is this flex space located?
The property is located at 187 Lexington St Waltham, MA.
What are key features of this property?
This property features: 12,433 SF warehouse plus 5,721 SF 2nd‑floor office space; Up to 22' 11" ceiling heights; Three (3) 15' x 15' drive‑in doors
(617) 951-4104 Call to check price and availability
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