Property profile

2 Forbes Rd Lexington, MA 02421

OFF-MARKET
Industrial properties
Property ID
US38-1235569
99,226 SF 20.03 ac lot Built 1968
Entity Owned Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1968
Construction STEEL FRAME
Total area 99,226 SF
Lot 20.03 ac (872,506 SF)
Zoning code CRO
APN LEXI M:0043 L:00009C
UPID US38-1235569

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
  • Corporate Office Factory

Location

2 Forbes Rd Lexington, MA 02421-7306
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
$16.24M
Comparable Approach Comparable
$13.78M
Blend (final) Blend
$14.02M

Owner & transaction history

Zoning & alternative use

CRO · Lexington, MA
Zoning description

The intent of this zone is to promote regional office uses.

General category UNKNOWN
Top alternative use upside
Apartment house (5+ units) $22.9M +50.1%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2 Forbes Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message