Office Condominium with Elevator
450 Lexington St # 204 Newton Auburndale, MA 02466
450 Lexington St # 204 Newton, Auburndale, MA, 02466
$740,000
For Sale
$740,000
Move-in ready office suite with glass-enclosed reception, private and open work areas, and ample on-site parking.
Property Size1,738 SF
Price / SF$425.78
Days on Market98
Property Features for 450 Lexington St # 204 Newton
General Information
- Standard status
- Active
- Size
- 1,738 SF
Building Details
- Year Built
- 1985
Listing agency
(508) 643-8166
Listed by
Sharon Lucido
(508) 643-8166
Source
Bournetosellrealestate
Added: Apr 15 Updated: Jul 10 at 1:48PM Checked: Jul 21 at 3:02AM
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 Sharon Lucido
Investment Insights
Based on property information with market context.
This move-in ready 1,738 SF office condominium suite is designed for day-to-day professional use, with a glass-enclosed reception area, a conference room, a kitchenette, and a mix of private and open offices. The interior includes oversized windows with a sunny southern exposure, high ceilings, and hardwood floors, providing a light, flexible layout for client-facing and team-oriented workflows.
Located in Auburndale at 450 Lexington St #204, the building provides elevator access and ample on-site parking via a private drive. The property is described as just minutes from Interstates 90 and 95 and approximately 16 minutes to Boston, with walkable access to village dining, Starbucks, and commuter rail and Green Line service.
A good fit for professional service firms looking to purchase their own suite in a professionally managed, boutique building with ongoing upgrades. The combination of reception support, conference space, and varied office configurations supports both meetings with clients and efficient internal collaboration, while on-site parking and transit access help accommodate employees and visitors.
Located in Auburndale at 450 Lexington St #204, the building provides elevator access and ample on-site parking via a private drive. The property is described as just minutes from Interstates 90 and 95 and approximately 16 minutes to Boston, with walkable access to village dining, Starbucks, and commuter rail and Green Line service.
A good fit for professional service firms looking to purchase their own suite in a professionally managed, boutique building with ongoing upgrades. The combination of reception support, conference space, and varied office configurations supports both meetings with clients and efficient internal collaboration, while on-site parking and transit access help accommodate employees and visitors.
Key Highlights
- 1,738 SF office condominium built in 1985 with move‑in‑ready interior features
- Glass‑enclosed reception area plus conference room and kitchenette
- Mix of private and open offices 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 |
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
Office Units
FAQs
What type of property is this?
Office units - Move-in ready office suite with glass-enclosed reception, private and open work areas, and ample on-site parking.
Where is this office units located?
The property is located at 450 Lexington St # 204 Newton Auburndale, 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: 1,738 SF office condominium built in 1985 with move‑in‑ready interior features; Glass‑enclosed reception area plus conference room and kitchenette; Mix of private and open offices with oversized windows and high ceilings
