231 Lexington Street, Waltham, MA 02452
High-visibility commercial building with manufacturing/warehouse space and ample parking.
- Added:
- Mar 6, 2026
- Days on Market:
- 113
- Last Refresh:
- Mar 16 at 10:58 am
Property Features for 231 Lexington Street
General Information
- Standard status
- Active
- Size
- 4,439 SF
Building Details
- Year Built
- 1946
Listing office Gelineau & Associates, R.E. (781) 894-4020
Listing date Mar 6, 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 Gelineau & Associates, R.E.
HighLights
- Prime, heavily trafficked Lexington Street location with high visibility and accessibility.
- Ample parking and a loading dock.
- 2500(+-) square feet of manufacturing/warehouse space.
- 6‑7 offices and 5 bathrooms.
- Newer roof and updated forced hot air gas heat.
- Well‑maintained property, family owned and operated.
Overview
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 | $240.8k | $54.24 |
| − Vacancy | −$53.0k | −$11.93 |
| EGI | $187.8k | $42.31 |
| − OpEx | −$47.0k | −$10.58 |
| NOI | $140.9k | $31.73 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Waltham
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.2369444
- Latitude
- 42.384314
