Property profile

16 Clarke St Ste 23 Lexington, MA 02421

OFF-MARKET
Office Spaces
Property ID
US38-0586191
498 SF 0.07 ac lot Built 1960
Individually Owned 12-yr Hold Free & Clear
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Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1960
Total area 498 SF
Lot 0.07 ac (2,907 SF)
Zoning code RS
APN LEXI M:0049 L:079-23
UPID US38-0586191

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

16 Clarke St Ste, Unit 23 Lexington, MA 02421-4938
Lexington metro Census 358400 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$215k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k

Owner & transaction history

since 2014
2 recorded transactions
2014
$130,000
2001
$72,000

Zoning & alternative use

RS · Lexington, MA
Zoning description

In the case of land in an existing one-family (RO, RS) or two-family (RT) residential district, a proof plan; b. In the case of land in an existing commercial district, an analysis showing the amount of gross and net flo…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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