Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1775 Massachusetts Ave Lexington, MA 02420
    Back to Search
    Property profile & analytics

    1775 Massachusetts Ave, Lexington, MA 02420

    View on Map
    • Office Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kimberly Gonsalves, Coldwell Banker Lexington / Real Estate Agency
    • Fine New England Living at Coldwell Banker Realty / Real Estate Agency
    • Charles Ginsberg, greater Boston area Realtor / Real Estate Agency
    • Robert Cohen, Coldwell Banker / Real Estate Agency
    • Perla Walling, REALTOR Coldwell Banker Realty / Real Estate Agency

    Property Details for 1775 Massachusetts Ave

    Property type
    Office Spaces
    Property subtype
    Office Units

    Description

    This exceptional 2,020 square foot office condo, located on the second floor at 1775 Massachusetts Avenue, Suite 3, in Lexington, Massachusetts, presents a unique opportunity for both lease and purchase. Currently configured with three distinct areas, two of which are occupied, the available space offers a versatile layout ideal for a variety of professional uses. Features include a spacious open workspace, three private offices, a dedicated conference room, a convenient kitchen area, and ample storage. The suite's location in the heart of Lexington Center provides unparalleled convenience, with easy walking access to a vibrant array of shops, cafes, and restaurants. The property is offered for lease at $3,300 per month plus expenses (approximately 1,100 square feet currently available for lease) and for sale at $725,000. This presents an attractive opportunity for an owner-occupant seeking to generate additional rental income. The property is situated in Middlesex County and is classified as a Traditional Office, Executive Office, Medical Office, and Creative Office space. The tenancy is single. This is a remarkable opportunity to acquire a well-appointed office space in a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2273
    Latitude
    42.4482

    Comparable in this City

    • Value Estimation by Request
      2,020 SF

      1775 Massachusetts Ave

      Medical Office Space
      1775 Massachusetts Ave, Lexington, MA 02420
      View Details
    • Value Estimation by Request
      729 SF

      175 Bedford St Ste, Unit 9

      CONDOMINIUM OFFICES
      175 Bedford St Ste, Lexington, MA 02420-4481
      View Details
    • Value Estimation by Request
      623 SF

      74 Bedford St, Unit 5A

      CONDOMINIUM OFFICES
      74 Bedford St, Lexington, MA 02420-4638
      View Details
    • Value Estimation by Request
      836 SF

      175 Bedford St Ste, Unit 10

      CONDOMINIUM OFFICES
      175 Bedford St Ste, Lexington, MA 02420-4481
      View Details
    • Value Estimation by Request
      655 SF

      33 Bedford St Ste, Unit 10

      CONDOMINIUM OFFICES
      33 Bedford St Ste, Lexington, MA 02420-4402
      View Details
    • Value Estimation by Request
      1,007 SF

      394 Lowell St Ste, Unit 11

      CONDOMINIUM OFFICES
      394 Lowell St Ste, Lexington, MA 02420-2550
      View Details

    Similar Nearby for Sale

    • $295,000
      1,132 SF

      Lexington Center Office Suite

      Spacious five-room office suite in Lexington Center.
      9 Meriam St #4, Lexington, MA 02420
      View Details
    • Contact for pricing

      Lexington Center Office Suite

      Spacious five-room office suite in Lexington Center.
      9 Meriam St #4, Lexington, MA 02420
      View Details
    • Contact for pricing

      Lexington Office Condo For Sale

      Renovated office condo in Lexington's walkable business district.
      9 Meriam St, Lexington, MA 02420
      View Details
    • Contact for pricing

      Custance Place Office Condominium Units

      Two office condominium units in a vibrant, high-traffic location.
      76 Bedford #29, Lexington, MA 02420
      View Details
    • Contact for pricing
      1,132 SF

      Lexington Center Office Suite

      Spacious five-room office suite in Lexington Center.
      9 Meriam St, Lexington, MA 02420
      View Details
    • Contact for pricing
      1,132 SF

      Lexington Center Office Suite

      Spacious five-room office suite in Lexington Center.
      9 Meriam St, Lexington, MA 02420
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Lexington Commercial Space for Lease

      Highly accessible Lexington commercial space suitable for various business types.
      235 Bedford St, Lexington, MA 02420
      View Details
    • Contact for pricing

      Prime Retail/Office Space Available

      Retail/office space in Lexington Center with high visibility and foot traffic.
      1844 Massachusetts Ave, Lexington, MA 02420
      View Details
    • Contact for pricing
      Pending

      Lexington Retail or Office Space

      Retail or office space for rent near Lexington Center.
      33 Bedford 2, Lexington, MA 02420
      View Details
    • Contact for pricing
      692 SF

      Lexington Office Suite For Lease

      Well-maintained Lexington office suite with superb highway access.
      394 Lowell St, Lexington, MA 02420
      View Details
    • Contact for pricing
      5,100 SF

      Prime Lexington Center Retail/Office Space

      High-visibility retail/office space in Lexington Center with flexible floor plans.
      1844 Massachusetts Ave, Lexington, MA 02420
      View Details
    • Contact for pricing
      Pending

      Lexington Center Rental Opportunity

      Rental space near Lexington Center with parking and transportation access.
      33 Bedford St, Lexington, MA 02420
      View Details
    Request Owner's contact information
    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.
    1775 Massachusetts Ave
    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
    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

    Thank You for Inquiry
    1775 Massachusetts Ave, Lexington, MA, 02420
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!