New search
Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Investment properties
329 Marrett Rd, Lexington, MA 02421-7936
Individually Owned
21-yr Hold
Property ID
US38-1186648
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1922
Total area
2,907 SF
Lot
0.27 ac (11,719 SF)
Zoning code
CN
APN
LEXI M:0033 L:000266
UPID
US38-1186648
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$740k
Comparable Approach
Comparable
$740k
Blend (final)
Blend
$705k
Owner & transaction history
Marrett Road T 329-331 · 21 yrs held
Marrett Road T 329-331
since 2004
4 recorded transactions
Zoning & alternative use
CN · Lexington, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$820,000
+8.9%
Neighborhood: shopping center
$805,000
+7.2%
Retail stores
$785,000
+4.3%
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%
$800,000
6.5%
$740,000
7%
$685,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$750,000
Current use
AUTO REPAIR, GARAGE
$820,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$805,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$785,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$755,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$243 / 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 2018Property tax & assessments
Tax year 2018
Tax billed
$8,980
Tax year 2018
Assessed value
$878,000
Assessed 2024
Previous assessed
$802,000
+9.5% YoY
Effective rate
1.02%
On assessed value
Assessed land
$614,000
Assessed improvement
$264,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1922
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
5
Rooms
10
Bathrooms
5
Total area
2,907 SF
Lot
0.27 ac (11,719 SF)
Zoning code
CN
APN
LEXI M:0033 L:000266
UPID
US38-1186648
Jurisdiction
LEXINGTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
CN · Lexington, MA
Zoning CN · permitted uses
CN · 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
$750,000
AUTO REPAIR, GARAGE
Est. value
$820,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$805,000
RETAIL STORES
Est. value
$785,000
OFFICE BUILDING
Est. value
$755,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
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
1922
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
5
Rooms
10
Bathrooms
5
Lot
0.27 ac
Current owner
From public records · entity-resolved
Marrett Road T 329-331
Individual
Mailing address
331 MARRETT RD, LEXINGTON, MA 02421-7976
Ownership since
2004
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
Dec 5, 2005
—
Marrett Road T 329-331
—
Deed Of Trust
related
$315,000 · Eagle Bank
Oct 21, 2004
$1
Marrett Road T 329-331
Raponi,maria P
Grant Deed
related
—
Jun 21, 2004
$1
329-331 Marrett Rd T
Raponi,maria P
Grant Deed
related
—
Jun 21, 2004
—
329-331 Marrett Road T
—
Grant Deed
related
$250,000 · Eagle 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 329 Marrett Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
