Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9 Meriam St, Unit 17 Lexington, MA 02420

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Renovated office condo in Lexington's walkable business district.

    Property Features for 9 Meriam St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1966

    We can help!

    Listing Contact
    Yuan Guo
    Source: Corcoran

    Listing Agency: Phoenix Real Estate Listing Agent: Yuan Guo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Lexington Office Condo For Sale

    Located in the heart of Lexington, this office condominium presents an ownership opportunity in a highly visible and accessible business area. Situated in the Adams Building, adjacent to the Lexington Battle Green and across from Buckman Tavern, the space is suitable for professional use. Unit U17 has been fully renovated with a professional design, featuring quality finishes and custom details, including a Tiffany-style ceiling light fixture and spot lights. The space offers a fully open floor plan, suitable for flexible office use or an art studio. The unit is currently leased on a year-to-year renewal basis, providing income potential and future flexibility. The Adams Building benefits from the amenities of downtown Lexington, including municipal parking lots, restaurants, banks, and public transportation.
    Location Intelligence

    Current Use by Public Records

    Eionics Inc Electronics & Wireless Store DMA Health Strategies Business Management Consultant Strategic Product Development ... (Bike/Boat/Book/etc) Store Network Shop (Bike/Boat/Book/etc) Store Katherine Kimble Rising Crisis Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2285091
    Latitude
    42.4488691

    Nearby Similar for Sale

    • Contact for pricing

      Prime Lexington Center Retail Property

      Highly visible, net-leased retail property in Lexington Center.
      25 Waltham St, Lexington, MA 02421
      View Details
    • $339,900

      Custance Place Condominium Units

      Two business condominium units in a vibrant, high-traffic location.
      76 Bedford 29 & 31, Lexington, MA 02420
      View Details
    • $310,000
      1,132 SF

      Lexington Center Office Suite

      Spacious five-room office suite in Lexington Center.
      9 Meriam St #4, Lexington, MA 02420
      View Details
    • $175,000

      Professional Office Condo For Sale

      367 SF office condo in established Boston building.
      33 Bedford 19B, Lexington, MA 02420
      View Details
    • $60,000

      Established Hair Salon Opportunity

      Profitable hair salon in prime Lexington location for sale.
      7777 Massachusetts Ave, Lexington, MA 02420
      View Details
    • Contact for pricing
      1,010 SF

      Office Condos in Lexington, MA

      Two office condos in a vibrant, high-traffic location.
      74-76 Bedford St, Lexington, MA 02420
      View Details
    • Contact for pricing

      Lexington Office Condo Opportunity

      First-floor, six-room office suite suitable for various businesses.
      35 Bedford St 9, Lexington, MA 02420
      View Details
    • Contact for pricing

      Professional Office Condo For Sale

      367 SF office condo in established Boston area building.
      33 Bedford St, Lexington, MA 02420
      View Details
    • Contact for pricing

      Renovated Office Suite, Lexington Location

      Modern 1,021 sq ft office suite in prime location.
      33 Bedford St, Lexington, MA 02420
      View Details
    • Contact for pricing
      1,010 SF

      Lexington Office Condominium Units

      Two combined office units in a vibrant, high-traffic location.
      76 Bedford #29, Lexington, MA 02420
      View Details
    • Contact for pricing
      9,450 SF

      Lexington Office Space: Prime Location

      Large Office Suites, Excellent Lexington Location
      81 Hartwell Ave, Lexington, MA 02421
      View Details
    • $339,800
      0.02 Acres

      Lexington Office Space: Prime Location

      Updated 3-office suite, 775 sq ft, ample parking.
      35 Bedford St, Lexington, MA 02420
      View Details

    FAQs

    What type of property is this?
    Office units - Renovated office condo in Lexington's walkable business district.
    Where is this office units located?
    The property is located at 9 Meriam St, Unit 17 Lexington, MA.
    What are key features of this property?
    This property features: - Prime Lexington Center location: Highly visible and walkable, adjacent to Lexington Battle Green and Buckman Tavern.; - **Fully renovated with quality finishes and custom details.**; - Flexible open floor plan: Ideal for various professional uses, including office or art studio.
    (781) 530-6118
    Request Owner's contact information
    9 Meriam St, Unit 17 Lexington, MA 02420
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9 Meriam St, Unit 17
    Lexington, MA 02420
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9 Meriam St, Unit 17 Lexington, MA 02420
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Yuan Guo
    (781) 530-6118
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!