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Property profile & analytics
OFF-MARKET
Office Spaces
16 Clarke St 5, Lexington, MA 02421-4988
Entity Owned
3-yr Hold
Free & Clear
Property ID
US38-1032860
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1966
Total area
830 SF
Lot
0.07 ac (2,907 SF)
Zoning code
RS
APN
LEXI M:0049 L:0079-5
UPID
US38-1032860
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
-
Charles J. Slagen, PHD Physician Medical Clinic
-
Hope Psychological Services Physician Medical Clinic
-
Englander Laura Physician Medical Clinic
-
Lack Heidi Physician Medical Clinic
-
Phillips Kristin Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
B5 LLC · 3 yrs held
B5 LLC
since 2023
Last sale
$80,000
6 recorded transactions
Zoning & alternative use
RS · Lexington, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$2,880
Tax year 2024
Assessed value
$119,000
Assessed 2024
Previous assessed
$119,000
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed improvement
$119,000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1966
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Rooms
1
Total area
830 SF
Lot
0.07 ac (2,907 SF)
Zoning code
RS
APN
LEXI M:0049 L:0079-5
UPID
US38-1032860
Jurisdiction
LEXINGTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
RS · Lexington, MA
Zoning RS · permitted uses
RS · 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.
Building & site characteristics
From public records
Year built
1966
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Rooms
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
B5 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
16 CLARKE ST #5, LEXINGTON, MA 02421-4988
Ownership since
2023
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
Jun 30, 2023
$80,000
B5 LLC
Danvers Realty Hldg LLC
Condominium Deed
—
Jul 1, 2021
$110,000
Danvers Rlty Holdings LLC
Wen Tian
Quit Claim Arm's Length For Ne States
—
May 6, 2015
$104,000
Dongxiao|tian Wen H Ji
Foss Robert M
Quit Claim Deed
—
Jul 17, 2013
—
Robert M Foss
—
Deed Of Trust
related
$1,040,250 · Patriot Community Bank
Apr 11, 2002
$90,000
Robert M Foss
Boulos RT
Grant Deed
—
Jan 22, 1993
$100,000
Boulos RT
Giorgio,joan
Grant Deed
$70,000 · Lexington Savings Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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