Property profile

3 Forbes Rd Lexington, MA 02421

OFF-MARKET
Office buildings
Property ID
US38-1084581
160,722 SF 15.63 ac lot Built 1979
Entity Owned 12-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1979
Construction STEEL FRAME
Total area 160,722 SF
Lot 15.63 ac (680,842 SF)
Zoning code CRO
APN LEXI M:0043 L:00009D
UPID US38-1084581

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
  • Factory Production Facility
  • Corporate Office
  • Factory Production Facility
  • Association Or Organization
  • Construction Company General Contractor

Location

3 Forbes Rd Lexington, MA 02421-7305
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
$40.72M
Comparable Approach Comparable
$49.27M
Blend (final) Blend
$50.67M

Owner & transaction history

since 2014
7 recorded transactions
2019
Price N/A
2014
Price N/A
2007
Price N/A
2004
Price N/A
2003
Price N/A
2003
Price N/A
2000
$10.5M

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
Restaurant $46.7M +11.8%
Auto repair, garage $45.2M +8.4%
Neighborhood: shopping center $44.5M +6.7%

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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