Second-Floor Office
For Sale
Contact for pricing
1834 Massachusetts Avenue # 21, Lexington, MA 02420
Private offices, a large conference room, and built-in shelving support a flexible professional workspace.
Property Size1,826 SF
Price / SF$0.01
Days on Market49
Property Features for 1834 Massachusetts Avenue # 21
General Information
Standard status
Active
Size
1,826 SF
Elevators
Yes
Property subtype
Commercial
Zoning
CB
Lease Type
NNN
Additional Details
Floor
2
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$99,573
Building Details
Building Size
1,826 SF
Year Built
1930
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty - Lexington
(781) 862-2600
Listed By:
Elizabeth P. Crampton · License #449506709
(781) 389-4400
Source:
Churchillprop
Added: Sep 1
Changed: Oct 6
Last Checked: Oct 16 at 6:29AM
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 Coldwell Banker Realty - Lexington
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Investment Insights
Based on property information with market context.
This 1,826-square-foot office unit occupies the second floor of a 1930 building. The layout includes multiple private offices, a generously sized conference room, floor-to-ceiling built-in shelving, and glass-front French doors. Shared areas have been refreshed with new carpeting, and the elevator has been refinished.
The property is anchored by TD Bank and sits across from Lexington Battle Green, with restaurants and shops within steps. Access to Rt 2 and 95/128 supports regional connectivity. Assigned parking is available behind the building, supplemented by street parking and public lots. The property is zoned CB, with office, retail, and institutional uses identified under the Lexington Zoning Bylaw.
The property is anchored by TD Bank and sits across from Lexington Battle Green, with restaurants and shops within steps. Access to Rt 2 and 95/128 supports regional connectivity. Assigned parking is available behind the building, supplemented by street parking and public lots. The property is zoned CB, with office, retail, and institutional uses identified under the Lexington Zoning Bylaw.
Key Highlights
- 1,826 SF second‑floor office unit
- Private offices with floor‑to‑ceiling built‑in shelving
- Generously sized conference room with glass‑front French doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,940
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,158,800
$1.2M
Cap Rate 7%
$827,714
$827.7K
Cap Rate 9%
$643,778
$643.8K
Market Conditions
NOI Build-Up for 1,826 SF
Gross rent
$99.0K $54.24/SF
− Vacancy
−$21.8K −$11.93/SF
EGI
$77.3K $42.31/SF
− OpEx
−$19.3K −$10.58/SF
NOI
$57.9K $31.73/SF
Area
Middlesex County, MA
Vacancy
22.00%
Lease Rate
$54.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,158,800
Cap Rate 7%
$827,714
Cap Rate 9%
$643,778
Alternative Uses
Best Use
Office B
$827.7K
$724.3K – $965.7K
NOI $57,940 @ 7.0% cap · market cap 275,904.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$945.9K – $1.26M
NOI $75,669 @ 7.0% cap · market cap 360,328.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,566
Businesses Nearby
Explore this area
Business Placement
Demographics for 02420, MA
15,502
Population
5,759
Households
2.7
Avg Household Size
45
Median Age
85%
College-Educated
98%
High-School Grad
7.0 sq mi
ZIP Area
2,215
Density / Sq Mi
$233,068
Median Household Income
$124,695
Median Earnings
$2,771
Median Rent
$1,148,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Private offices, a large conference room, and built-in shelving support a flexible professional workspace.
Where is this office units located?
The property is located at 1834 Massachusetts Avenue # 21 Lexington, MA.
What are key features of this property?
This property features: 1,826 SF second‑floor office unit; Private offices with floor‑to‑ceiling built‑in shelving; Generously sized conference room with glass‑front French doors
