Property profile

1777 Massachusetts Ave Lexington, MA 02420

OFF-MARKET
Retail space
Property ID
US38-0455195
13,713 SF 0.34 ac lot Built 1967
Entity Owned 9-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1967
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 13,713 SF
Lot 0.34 ac (14,915 SF)
Zoning code CB
APN LEXI M:0049 L:00012A
UPID US38-0455195

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Atm
  • Restaurant
  • Bakery Specialty Food Shop
  • Industrial Manufacturer Production Facility

Location

1777 Massachusetts Ave Lexington, MA 02420-5307
Lexington metro Census 358400 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.03M
Comparable Approach Comparable
$1.42M
Blend (final) Blend
$2.33M

Owner & transaction history

since 2017
6 recorded transactions
2020
Price N/A
2017
Price N/A
2016
Price N/A
2013
Price N/A
2008
$1
1997
Price N/A

Zoning & alternative use

CB · Lexington, MA
Zoning description

tial uses permitted in an underlying zoning district. 3. (Reserved) 4. Developments in the VO or VLO District may contain nonresidential uses on the street floor and basement to the extent permitted in either the CRS or…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $3.9M +4.4%
Neighborhood: shopping center $3.8M +2.8%

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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