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Property profile & analytics
OFF-MARKET
Estimated value
$4,020,000
Office buildings
5 Militia Dr Lexington, MA 02421-4716
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-1515555
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Construction
CONCRETE
Total area
14,238 SF
Lot
1.49 ac (64,904 SF)
Zoning code
CLO
APN
LEXI M:0057 L:000134
UPID
US38-1515555
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
Current use
Occupant on record · Public records
-
Gould-Sherwood Consulting Consultant
-
Law Office of George E. Foote, P.C. Law Firm
-
Sheehan & Associates Law Law Firm
-
Gillis Law LLC Law Firm
-
Law Office of Mark L Murphy Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.88M
Blend (final)
Blend
$4.02M
Owner & transaction history
5 Militia LLC · 5 yrs held
5 Militia LLC
since 2021
Last sale
$4.1M
5 recorded transactions
Zoning & alternative use
CLO · Lexington, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.1M
+11.8%
Auto repair, garage
$4.0M
+8.4%
Neighborhood: shopping center
$3.9M
+6.7%
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
$3,790,000
ML approach
$3,785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,695,000
Current use
RESTAURANT
$4,135,000
Change: +12% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,005,000
Change: +8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,945,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$3,840,000
Change: +4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,680,000
Change: 0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,280,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$4.02M
Range $3.62M – $4.42M · ±10% · vs last sale $4.13M (Jul 1 2021)
Last sale anchor
$4.13M
Jul 1 2021
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
$282 / 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
$77,997
Tax year 2024
Assessed value
$3,223,000
Assessed 2024
Previous assessed
$2,978,000
+8.2% YoY
Effective rate
2.42%
On assessed value
Assessed land
$1,566,000
Assessed improvement
$1,657,000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1976
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
1
Total area
14,238 SF
Lot
1.49 ac (64,904 SF)
Zoning code
CLO
APN
LEXI M:0057 L:000134
UPID
US38-1515555
Jurisdiction
LEXINGTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
CLO · Lexington, MA
Zoning CLO · permitted uses
CLO · 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
OFFICE BUILDING Current
Est. value
$3.7M
RESTAURANT
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
RETAIL STORES
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1976
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
1
Lot
1.49 ac
Current owner
From public records · entity-resolved
5 Militia LLC
Entity
Mailing address
50 FOSTER ST, CAMBRIDGE, MA 02138-4817
Ownership since
2021
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
Jul 1, 2021
$4,125,000
5 Militia LLC
5 Militia Drive T
Quit Claim Arm's Length For Ne States
$3,093,750 · Rockland Trust Co
Nov 22, 2016
—
Meriam,hill Realty Trust 2
Hill Meriam Trust
Quit Claim Deed
related
$100,000 · Pakmont Circle LLC
Aug 3, 2011
$1
Militia Drive T
Douglass,jewel S
Grant Deed
—
Jun 4, 2008
—
Jewel S Douglass
—
Deed Of Trust
related
$1,660,000 · Patriot Bank NA
May 13, 1998
—
Jewel S Douglass
—
Deed Of Trust
related
$825,000 · Medford Capital 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.
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