Financial
Distress signals
Property profile

1834 Massachusetts Ave 21 Lexington, MA 02420

FOR SALE
Banks
Property ID
US38-0454723
11,780 SF 0.31 ac lot Built 1930
Last sale Aug 2017 · $4,150,000
Trust Owned Owner of record is a trust. 9-yr Hold Held for 9 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A second-floor office suite within a developer-owned multi-tenant building that has had recent updates to common areas, including new carpeting and a refinished elevator. The suite interior includes private offices, floor-to-ceiling built-in shelving, a large conference room, and glass-front French doors. The building is located across from the Lexington Battle Green and is anchored by TD Bank. The property provides parking behind the building with assigned spaces, as well as street and public

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$94k
Tax billed · 2024
Assessed value$3.89M
Assessed land$767k
Assessed improvement$3.12M
Effective rate2.42%

Value estimate

· Sep 2026
$605k
$545k – $666k
NOI build-up
Gross scheduled income$99k
Vacancy & credit loss−$22k
Operating expenses−$19k
NOI · 275,904.76% cap applied$58k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$516/SF
County average, outlier-cleaned · 40 recorded sales of this use type
Observed band · Q1–Q3$274 – $809

Cap rate analysis

How does the asset earn?
275,904.76%
$58k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CB
The intent of this zone is to promote central business uses.
General categoryCOMMERCIAL
JurisdictionLEXINGTON

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store10.3
Furniture Store9.8
Garden Center9.8

Location

1834 Massachusetts Ave, Unit 21 Lexington, MA 02420
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 13 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3 Bow, Lexington, MA 02420-3000 $385,000 Nov 2024 4,948 SF
1707 Massachusetts, Lexington, MA 02420-5316 $2,375,000 Jul 2022 4,170 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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