Property profile

233 Massachusetts Ave Lexington, MA 02420

OFF-MARKET
Turn key restaurants
Property ID
US38-0851666
1,512 SF 0.17 ac lot Built 1921
Entity Owned 1-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1921
Construction FRAME
Total area 1,512 SF
Lot 0.17 ac (7,600 SF)
Zoning code CRS
APN LEXI M:0013 L:000373
UPID US38-0851666

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
  • Bakery Specialty Food Shop

Location

233 Massachusetts Ave Lexington, MA 02420-4003
Lexington metro Census 358100 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2025
6 recorded transactions
2025
$2.1M
2025
Price N/A
2017
Price N/A
2014
$425,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CRS · Lexington, MA
Zoning description

residential uses permitted in an underlying zoning district. 3. (Reserved) 4. Developments in the VO or VLO District may contain nonresidential uses on the street floor and basement to the extent permitted in either the…

General category COMMERCIAL

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
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