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Financial
Distress signals
Property profile

1844 Massachusetts Ave Lexington, MA 02420

FOR LEASE
Retail space
Property ID
US38-1343930
5,883 SF 0.12 ac lot Built 1930
Last sale Jul 2025 · $2,900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
1844 Massachusetts Ave, Lexington, MA 02420 For Lease 1 / 41
$35 SF/Yr 5,100 SF available
1844 Massachusetts Ave, Lexington, MA 02420
View Listing

Property summary

AI-generated overview

The property is a mixed-use retail and office space located in historic Lexington Center on Massachusetts Avenue. It has flexible floor plans that can accommodate retail, office, or service-oriented uses, with expansive storefront-style windows for natural light, high ceilings, and an open-concept layout. Parking is provided through nearby municipal lots and available street parking. The space is situated within a downtown business area with established retail, dining, and professional offices,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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.

Debts

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?
$42k
Tax billed · 2024
Assessed value$1.73M
Assessed land$651k
Assessed improvement$1.08M
Effective rate2.42%

Value estimate

· Oct 2026
$900k
$810k – $990k
NOI build-up
Gross scheduled income$112k
Vacancy & credit loss−$7k
Operating expenses−$31k
NOI · 209,431.43% cap applied$73k

Realmo valuation models over county records and 22 qualifying comparable sales.

Recently sold

What actually traded nearby?
$270/SF
County average, outlier-cleaned · 360 recorded sales of this use type
Observed band · Q1–Q3$140 – $417
Qualifying comparables22

Cap rate analysis

How does the asset earn?
209,431.43%
$73k 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

1844 Massachusetts Ave Lexington, MA 02420
County assessor Recorded deeds · 3 transfers 22 qualifying comp sales 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 · 15 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

Comparable nearby

  • Value Estimation
    $930,000
    5,677 SF
    15 Depot Sq
    RETAIL STORES (PERSONAL SERVICES)
    15 Depot Sq, Lexington, MA 02420-6358
    View Details
  • Value Estimation
    $385,000
    4,948 SF
    3 Bow St
    SHOW ROOM, WAREHOUSE
    3 Bow St, Lexington, MA 02420-3000
    View Details
  • Value Estimation
    $1,300,000
    7,496 SF
    1726 Massachusetts Ave
    RETAIL STORES (PERSONAL SERVICES)
    1726 Massachusetts Ave, Lexington, MA 02420-5301
    View Details
  • Value Estimation
    $465,000
    7,959 SF
    1822 Massachusetts Ave
    FINANCIAL BUILDING
    1822 Massachusetts Ave, Lexington, MA 02420-5303
    View Details
  • Value Estimation
    $2,455,000
    4,170 SF
    1707 Massachusetts Ave
    RETAIL STORES (PERSONAL SERVICES)
    1707 Massachusetts Ave, Lexington, MA 02420-5316
    View Details
  • Value Estimation
    $525,000
    8,486 SF
    1770 Massachusetts Ave
    FINANCIAL BUILDING
    1770 Massachusetts Ave, Lexington, MA 02420
    View Details

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  • New
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  • New
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    Retail Storefront with Picture Window
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Similar Nearby for Lease

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    Retail or office space for rent near Lexington Center.
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  • $2,000/Mo
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  • $2,200/Mo
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    235 Bedford # 1, Lexington, MA 02420
    View Details
  • New
    $2,200/Mo
    Streetfront Retail Suite with Picture Window
    Benefit from strong Bedford Street visibility through a large picture window for a variety of specialty concepts.
    235 Bedford # 1, Lexington, MA 02420
    View Details
  • Contact for pricing
    Former Bank Available For Sublease
    Stand-alone former bank branch available for sublease.
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    View Details
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