450 Lexington St #204 Newton, MA 02466
Move-in ready office condo with private offices, open workspace, and a glass-enclosed reception area.
Property Features for 450 Lexington St #204
General Information
- Standard status
- Active
- Size
- 1,738 SF
Building Details
- Year Built
- 1985
Listing office Commonwealth Commercial Advisors, Inc.
Listing date Apr 15, 2026
Source Insightrealtygroup
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.
The boutique, professionally managed building provides elevator access and ample on-site parking through a private drive. The location is described as just minutes from Interstate 90 and Interstate 95, with walkable access to village dining, Starbucks, and commuter rail and Green Line service.
The building’s tenant mix is described as including established firms, and ongoing upgrades are noted as part of the property’s continued improvement efforts.
Key Highlights
- 1,738 SF office condominium in Auburndale (built in 1985) with move‑in ready interior
- Glass‑enclosed reception area plus conference room, kitchenette, and a mix of private and open offices
- Sunny southern exposure with oversized windows and high ceilings
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 |
