Property profile

46 Massachusetts Ave Lexington, MA 02420

OFF-MARKET
Super regional malls
Property ID
US38-0919174
2,665 SF 0.09 ac lot Built 1963
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1963
Construction FRAME
Total area 2,665 SF
Lot 0.09 ac (4,030 SF)
Zoning code CN
APN LEXI M:0013 L:00012A
UPID US38-0919174

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
  • Specialty Food Shop

Location

46 Massachusetts Ave Lexington, MA 02420-4023
Lexington metro Census 358100 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$770k
Comparable Approach Comparable
by Request
Blend (final) Blend
$605k

Owner & transaction history

since 2017
4 recorded transactions
2018
Price N/A
2017
$630,000
2012
$480,000
1969
Price N/A

Zoning & alternative use

CN · Lexington, MA
Zoning description

The intent of this zone is to promote neighborhood business uses.

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $750,000 +1.6%

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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