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Property profile & analytics
OFF-MARKET
Estimated value
$405,000
Office Spaces
450 Lexington St Ste 203 Auburndale, MA 02466-1921
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-0462225
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1985
Total area
1,551 SF
Lot
1.04 ac (45,473 SF)
Zoning code
BU2
APN
NEWT S:44 B:025 L:0004E
UPID
US38-0462225
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
$455k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$405k
Owner & transaction history
Boston As LLC · 6 yrs held
Boston As LLC
since 2020
Last sale
$480,000
5 recorded transactions
Zoning & alternative use
BU2 · Auburndale, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Auburndale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Auburndale 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
$405,000
ML approach
$455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$405k
Range $365k – $446k · ±10% · vs last sale $480k (Aug 10 2020)
Last sale anchor
$480k
Aug 10 2020
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
$261 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$10,562
Tax year 2024
Assessed value
$576,200
Assessed 2024
Previous assessed
$576,200
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed improvement
$576,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1985
Heating
WOOD FURNACE
Cooling
YES
Buildings
1
Stories
1
Rooms
1
Total area
1,551 SF
Lot
1.04 ac (45,473 SF)
Zoning code
BU2
APN
NEWT S:44 B:025 L:0004E
UPID
US38-0462225
Jurisdiction
NEWTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BU2 · Auburndale, MAZoning BU2 · permitted uses
BU2 · Auburndale, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1985
Heating
WOOD FURNACE
Cooling
Yes
Stories
1
Buildings
1
Rooms
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Boston As LLC
Entity
Mailing address
450 LEXINGTON ST STE #203, AUBURNDALE, MA 02466-1921
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2020
$480,000
Boston As LLC
Storm K Staley
Quit Claim Arm's Length For Ne States
$360,000 · South Shore Bank
Dec 28, 2011
$1
Storm K Staley
Staley,jonathan H
Grant Deed
related
—
Aug 18, 2010
$582,500
Jonathan H Staley
Wallace Realty Ent LLC
Grant Deed
—
Aug 8, 2008
$1
Wallace Realty Enter LLC
450 Lexington Street LLC
Grant Deed
—
Aug 8, 2008
—
Wallace Rlty Ent LLC
—
Grant Deed
related
$400,000 · Wallace Property Co
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.
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