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Property profile & analytics
OFF-MARKET
Estimated value
$4,695,000
Retail properties & Spaces
20 Waltham St, Lexington, MA 02421-5407
Entity Owned
28-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-1012120
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1890
Construction
FRAME
Total area
7,011 SF
Lot
0.15 ac (6,703 SF)
Zoning code
CB
APN
LEXI M:0048 L:000035
UPID
US38-1012120
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
-
Omar's World of Comics (Bike/Boat/Book/etc) Store Newspaper & Magazine
-
Pixel Paradise Arcade & Gaming Center (Bike/Boat/Book/etc) Store
-
Omar's Bistro Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.70M
Owner & transaction history
Wallex Rlty LLC · 28 yrs held
Wallex Rlty LLC
since 1997
Last sale
$4.5M
6 recorded transactions
Zoning & alternative use
CB · Lexington, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4,885,000
ML approach
$4,895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.70M
Range $4.23M – $5.16M · ±10% · vs last sale $4.50M (Jun 2 2020)
Last sale anchor
$4.50M
Jun 2 2020
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
$670 / 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
Tax billed
$45,060
Tax year 2024
Assessed value
$1,862,000
Assessed 2024
Previous assessed
$1,770,000
+5.2% YoY
Effective rate
2.42%
On assessed value
Assessed land
$696,000
Assessed improvement
$1,166,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1890
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
1
Total area
7,011 SF
Lot
0.15 ac (6,703 SF)
Zoning code
CB
APN
LEXI M:0048 L:000035
UPID
US38-1012120
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.
Building & site characteristics
From public records
Year built
1890
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Wallex Rlty LLC
Entity
Mailing address
320 WELLESLEY ST, WESTON, MA 02493-2620
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2010
—
Wallex Realty LLC
—
Deed Of Trust
related
$2,000,000 · Danvers Savings Bank
Feb 18, 2000
—
Wallex Rlty LLC
—
Deed Of Trust
related
$993,087 · Boston Federal Savings Bank
Dec 16, 1999
—
Wallex Rlty LLC
—
Deed Of Trust
related
$3,300,000 · Boston Federal Savings Bank
Nov 3, 1997
$1,200,000
Wallex Rlty LLC
Waltham St RT
Grant Deed
$650,000 · Metrowest Bank
Nov 30, 1990
—
Nazareth RT
—
Deed Of Trust
related
$375,000 · Zwi Kohorn
Apr 6, 1990
—
Nazareth RT
—
Deed Of Trust
related
$525,000 · Us Trust Co
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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