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Property profile & analytics
OFF-MARKET
Estimated value
$3,470,000
Showrooms
21 Worthen Rd, Lexington, MA 02421-4835
Individually Owned
21-yr Hold
Free & Clear
Property ID
US38-0700440
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,548 SF
Lot
1.38 ac (60,112 SF)
Zoning code
CLO
APN
LEXI M:0057 L:000129
UPID
US38-0700440
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
-
Dr. Brenda Cronin Physician
-
Dr. Micaela Crowley Physician
-
Dr. Kristin Rullo Physician
-
AJAX Partners, LLC Property Management Company
-
Megan Lopez Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.20M
Comparable Approach
Comparable
$3.35M
Blend (final)
Blend
$3.47M
Owner & transaction history
Waltham St T 99 · 21 yrs held
Waltham St T 99
since 2005
4 recorded transactions
Zoning & alternative use
CLO · Lexington, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.8M
+12.4%
Auto repair, garage
$4.7M
+8.9%
Neighborhood: shopping center
$4.6M
+7.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,550,000
6.5%
$4,200,000
7%
$3,900,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,275,000
Current use
RESTAURANT
$4,805,000
Change: +12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,660,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,585,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$4,460,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$4,295,000
Change: +0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,815,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$3.47M
Range $3.12M – $3.82M · ±10%
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
$210 / 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
$96,147
Tax year 2024
Assessed value
$3,973,000
Assessed 2024
Previous assessed
$3,906,000
+1.7% YoY
Effective rate
2.42%
On assessed value
Assessed land
$1,387,000
Assessed improvement
$2,586,000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Rooms
1
Total area
16,548 SF
Lot
1.38 ac (60,112 SF)
Zoning code
CLO
APN
LEXI M:0057 L:000129
UPID
US38-0700440
Jurisdiction
LEXINGTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
CLO · Lexington, MA
Zoning CLO · permitted uses
CLO · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.3M
RESTAURANT
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$4.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.6M
RETAIL STORES
Est. value
$4.5M
OFFICE BUILDING
Est. value
$4.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Rooms
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
Waltham St T 99
Individual
Free & Clear · 21 yrs held
Mailing address
21 WORTHEN RD, LEXINGTON, MA 02421-4835
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2021
—
99 Waltham St T
—
Deed
related
$1,541,334 · Middlesex Savings Bank
Jul 5, 2005
$3,500,000
Waltham St T 99
Deflice Bros RT
Grant Deed
—
Jul 5, 2005
—
Waltham St T 99
—
Deed Of Trust
related
$5,180,000 · Citizens Bank Of Ma
May 19, 1988
—
Deflice RT
—
Deed Of Trust
related
$2,000,000 · Lexington Savings Bank
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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