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    237 Lexington St Woburn, MA 01801
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    Property profile & analytics

    237 Lexington St Woburn, MA 01801

    View on Map
    • Office buildings
    • 29,964 SF
    • 1.98 lot acres
    For Lease
    $2,740,000
    View Listing →
    Woburn Office Suites for Rent For Lease
    $2,740,000
    2,300 SF

    Woburn Office Suites for Rent

    Office suites with private rooms, conference rooms, and kitchenettes.

    237 Lexington St, Woburn, MA
    View Listing
    Property ID
    US38-1129601
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Physical Therapists in the Boston Area, Boston at Home Physical Therapy, At home fitness, physical therapy and massage in Woburn, At home fitness, phy / Physician
    • Meyer Orthodontics / Dental Office
    • East Cambridge Savings Bank / Bank
    • Hear Clear Associates / Corporate Office / Business Park
    • Peoplefit Health & Fitness Center / Gym & Fitness Center

    Property Details for 237 Lexington St

    Year built
    2000
    Construction
    STEEL FRAME
    Lot size
    1.98 lot acres
    Property size
    29,964 SF
    Zone code
    B-H
    Property type
    Office buildings
    APN
    WOBU M:65 B:13 L:02 U:00
    APU
    WOBUM65B13L02U00

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,891,000
      Market price range: $1.25M - $7.45M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Woburn
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1788
    Latitude
    42.4658
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $69,781
    $1,299,000
    $2,239,600
    $3,538,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $24,565,000
      165,671 SF

      10 Presidential Way

      OFFICE BUILDING • 165,671 SF
      10 Presidential Way, Woburn, MA 01801-1053
      View Details
    • Value Estimation
      $1,450,000
      16,276 SF

      36 Commerce Way

      OFFICE BUILDING • 16,276 SF
      36 Commerce Way, Woburn, MA 01801-8502
      View Details
    • Value Estimation
      $915,000
      3,750 SF

      6 Cmn St

      OFFICE BUILDING • 3,750 SF
      6 Cmn St, Woburn, MA 01801-4119
      View Details
    • Value Estimation
      $850,000
      2,415 SF

      607 Main St

      OFFICE BUILDING • 2,415 SF
      607 Main St, Woburn, MA 01801-2943
      View Details
    • Value Estimation
      $9,415,000
      104,450 SF

      300 Unicorn Park Dr

      OFFICE BUILDING • 104,450 SF
      300 Unicorn Park Dr, Woburn, MA 01801-3363
      View Details
    • Value Estimation
      $12,390,000
      137,748 SF

      600 Unicorn Park Dr

      OFFICE BUILDING • 137,748 SF
      600 Unicorn Park Dr, Woburn, MA 01801-3376
      View Details

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    • Contact for pricing

      Second Floor Office Unit

      2,232 sq ft office unit for sale.
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      Woburn Multi-Family Investment Opportunity

      Three-unit property in Woburn with investment and owner-occupancy potential.
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      Woburn Food Processing Facility

      USDA/FDA certified food processing and distribution facility on 4.05 acres.
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      Two Homes on One Lot

      Two homes on one lot needing refreshing and updates.
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    • Contact for pricing

      Woburn Industrial/Warehouse Space Available

      12,500 SF industrial/warehouse space with convenient highway access.
      55 6Th Rd, Woburn, MA 01801
      View Details
    • $1,549,000
      2,538 SF

      Former Bank Branch Office Building

      Two-story commercial building suitable for owner-user or investment.
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    Similar Nearby for Lease

    • Contact for pricing
      3,562 SF

      Woburn Office Space Available

      145,000 SF office building with highway access.
      150 Presidential Way, Woburn, MA 01801
      View Details
    • Contact for pricing

      Woburn Office Building For Rent

      192,000 SF Class B office building in Woburn, MA.
      100 Tradecenter Dr, Woburn, MA 01801
      View Details
    • Contact for pricing
      4,695 SF

      Woburn Office Building Near Rail

      Three-story office building near Commuter Rail Station in Woburn.
      130 New Boston St, Woburn, MA 01801
      View Details
    • Contact for pricing
      3,941 SF

      Woburn Office Space Available

      Office space available for rent in Woburn, Massachusetts.
      18 Commerce Way, Woburn, MA 01801
      View Details
    • Contact for pricing

      Woburn Flex Space For Lease

      11,573 SF flex space with drive-in door near I-93.
      4 Presidential Way, Woburn, MA 01801
      View Details
    • Contact for pricing
      2,832 SF

      Modern Office Space in Woburn

      Stylish office space with amenities and highway access.
      400 Unicorn Park Dr, Woburn, MA 01801
      View Details
    View Listing
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    237 Lexington St
    Woburn, MA 01801
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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