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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Investment properties
1628 Massachusetts Ave, Lexington, MA 02420-3802
Entity Owned
3-yr Hold
Property ID
US38-1188615
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1880
Total area
4,957 SF
Lot
0.14 ac (5,926 SF)
Zoning code
CB
APN
LEXI M:0048 L:000021
UPID
US38-1188615
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
-
Cake Inc Bakery Specialty Food Shop
-
Sonias Dressmaking-Alteration (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
$965k
Blend (final)
Blend
$1.08M
Owner & transaction history
1628-1632 Mass Ave LLC · 3 yrs held
1628-1632 Mass Ave LLC
since 2022
7 recorded transactions
Zoning & alternative use
CB · Lexington, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+8.9%
Neighborhood: shopping center
$1.4M
+7.2%
Retail stores
$1.3M
+4.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,365,000
6.5%
$1,260,000
7%
$1,170,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,280,000
Current use
AUTO REPAIR, GARAGE
$1,395,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,375,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$1,335,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$1,160,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±10%
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
$218 / 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 2024Property tax & assessments
Tax year 2024
Assessed value
$1,162,000
Assessed 2024
Previous assessed
$1,063,000
+9.3% YoY
Assessed land
$686,000
Assessed improvement
$476,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1880
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
5
Rooms
11
Bathrooms
2
Total area
4,957 SF
Lot
0.14 ac (5,926 SF)
Zoning code
CB
APN
LEXI M:0048 L:000021
UPID
US38-1188615
Jurisdiction
LEXINGTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
CB · Lexington, MA
Zoning CB · permitted uses
CB · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
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
1880
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
5
Rooms
11
Bathrooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
1628-1632 Mass Ave LLC
Entity
Mailing address
200 GREAT RD STE #253, BEDFORD, MA 01730-2718
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2022
—
1628-1632 Mass Ave LLC
Federal Int
Quit Claim Deed
related
—
Oct 29, 2021
—
Federal Int
—
Deed
related
$3,665,000 · Digital FCU
Jul 20, 2012
—
Investment T 1 Federal
—
Deed Of Trust
related
$350,000 · Digital FCU
Jun 9, 2009
—
Int 1 Fed
—
Deed Of Trust
related
$340,000 · Eagle Bank
Nov 1, 2000
—
Federal Int
—
Deed Of Trust
related
$395,000 · Eagle Bank
Oct 17, 1990
—
Int No 1 Federal
—
Deed Of Trust
related
$265,000 · Lexington Savings Bank
Mar 15, 1990
—
Invest T No 1 Federal
—
Deed Of Trust
related
$88,000 · 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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