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Property profile & analytics
FOR LEASE
Industrial properties
1050 Waltham St, Lexington, MA 02421
Entity Owned
5-yr Hold
Free & Clear
Property ID
US38-0622191
For Lease
1 / 2
$6,865,000
1050 Waltham St, Lexington, MA 02421
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Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
40,158 SF
Lot
5 ac (217,800 SF)
Zoning code
PD-5
APN
LEXI M:0005 L:000014
UPID
US38-0622191
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Circle Heat & Cooling HVAC Service General Contractor
-
Functional Mechanics LLC Orthotics & Prosthetics Service Physical Therapy Clinic
-
MXO Physician
-
Accent Therapeutics Medical Clinic Hospital
-
Tower Numerics Inc (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.57M
Comparable Approach
Comparable
$6.16M
Blend (final)
Blend
$6.87M
Owner & transaction history
Revolution Labs Owner LLC · 5 yrs held
Revolution Labs Owner LLC
since 2020
Last sale
$7.0M
6 recorded transactions
Zoning & alternative use
PD-5 · Lexington, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.3M
+83.4%
Neighborhood: shopping center
$11.1M
+80.5%
Retail stores
$10.8M
+75.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lexington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lexington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$7,600,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,120,000
6.5%
$6,570,000
7%
$6,100,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,165,000
Current use
AUTO REPAIR, GARAGE
$11,305,000
Change: +83% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$11,125,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$10,825,000
Change: +76% · Conversion: Moderate
OFFICE BUILDING
$10,425,000
Change: +69% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,375,000
Change: +68% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,255,000
Change: +50% · Conversion: Difficult
Blend value · Realmo final
$6.87M
Range $6.18M – $7.55M · ±10% · vs last sale $7.00M (Oct 22 2020)
Last sale anchor
$7.00M
Oct 22 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$171 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$173,582
Tax year 2020
Previous assessed
$63,663,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
3
Units
1
Total area
40,158 SF
Lot
5 ac (217,800 SF)
Zoning code
PD-5
APN
LEXI M:0005 L:000014
UPID
US38-0622191
Jurisdiction
LEXINGTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
PD-5 · Lexington, MA
Zoning PD-5 · permitted uses
PD-5 · Lexington, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lexington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$11.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.1M
RETAIL STORES
Est. value
$10.8M
OFFICE BUILDING
Est. value
$10.4M
COMMERCIAL (GENERAL)
Est. value
$10.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.3M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
2
Units
1
Lot
5 ac
Current owner
From public records · entity-resolved
Revolution Labs Owner LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1 FEDERAL ST #1810, BOSTON, MA 02110-2012
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2021
—
Revolution Labs Owner LLC
—
Deed
related
$89,801,590 · Acore Capital LP
Oct 22, 2020
$23,200,000
Revolution Labs Owner LLC
Bh Grp 1050 Waltham Owner
Quit Claim Deed
—
Apr 26, 2019
$7,000,000
Bh Grp 1050 Waltham Owner
Haynes Management INC
Quit Claim Arm's Length For Ne States
—
Jan 20, 2010
—
Brain E Collins
—
Deed Of Trust
related
$411,500 · Monument Mortgage INC
Dec 18, 2003
—
Joan T Galbraith
—
Deed Of Trust
related
$125,000 · Monument Mortgage INC
Feb 16, 2000
—
Haynes Mgmt INC
—
Deed Of Trust
related
$3,500,000 · Zuckerman Family Nomi
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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