Property profile

424 Marrett Rd Lexington, MA 02421

OFF-MARKET
Retail properties & Spaces
Property ID
US38-0342302
3,984 SF 0.22 ac lot Built 1915
Individually Owned 29-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1915
Construction FRAME
Total area 3,984 SF
Lot 0.22 ac (9,634 SF)
Zoning code CSX
APN LEXI M:0033 L:000078
UPID US38-0342302

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
  • Construction Company
  • Real Estate Agency
  • Pet Grooming Service
  • Painting Service General Contractor

Location

424 Marrett Rd Lexington, MA 02421-7715
Lexington metro Census 358300 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$615k

Owner & transaction history

since 1996
5 recorded transactions
1996
Price N/A
1994
Price N/A
1992
Price N/A
1988
Price N/A
1987
Price N/A

Zoning & alternative use

CSX · Lexington, MA
Zoning description

The intent of this zone is to promote commercial service expanded uses.

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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