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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Specialty properties
51 Worthen Rd, Lexington, MA 02421-4830
Individually Owned
14-yr Hold
Free & Clear
Property ID
US38-1194375
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
1968
Construction
CONCRETE
Total area
7,231 SF
Lot
1.38 ac (60,112 SF)
Zoning code
CLO
APN
LEXI M:0057 L:000132
UPID
US38-1194375
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
-
Douglass Funeral Home Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$360k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$666k
Blend (final)
Blend
$510k
Owner & transaction history
Worthen Road T 51 · 14 yrs held
Worthen Road T 51
since 2011
7 recorded transactions
Zoning & alternative use
CLO · Lexington, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$840,000
+74.7%
Auto repair, garage
$740,000
+54.7%
Retail stores
$660,000
+37.6%
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
$360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL)
$480,000
Current use
RESTAURANT
$840,000
Change: +75% · Conversion: Difficult
AUTO REPAIR, GARAGE
$740,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$660,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$600,000
Change: +26% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$590,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$71 / 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
$58,274
Tax year 2024
Assessed value
$2,408,000
Assessed 2024
Previous assessed
$2,245,000
+7.3% YoY
Effective rate
2.42%
On assessed value
Assessed land
$1,063,000
Assessed improvement
$1,345,000
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
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Year built
1968
Construction
CONCRETE
Heating
BASEBOARD
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
1
Total area
7,231 SF
Lot
1.38 ac (60,112 SF)
Zoning code
CLO
APN
LEXI M:0057 L:000132
UPID
US38-1194375
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
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL) Current
Est. value
$480,000
RESTAURANT
Est. value
$840,000
AUTO REPAIR, GARAGE
Est. value
$740,000
RETAIL STORES
Est. value
$660,000
MEDICAL BUILDING
Est. value
$600,000
INDUSTRIAL (GENERAL)
Est. value
$590,000
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
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
1968
Construction
CONCRETE
Heating
BASEBOARD
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
Worthen Road T 51
Individual
Free & Clear · 14 yrs held
Mailing address
51 WORTHEN RD, LEXINGTON, MA 02421-4830
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2013
—
Worthen Road T 51
—
Deed Of Trust
related
$200,000 · Patriot Community Bank
Aug 3, 2011
$1
Worthen Road T 51
Douglass,arthur F
Grant Deed
—
Aug 5, 2009
—
Arthur F Douglass
—
Deed Of Trust
related
$1,000,000 · Patriots Bank
May 15, 2006
—
Arthur F Douglass
—
Deed Of Trust
related
$100,000 · Brookline Coop Bank
Aug 4, 2004
—
Arthur F Douglass
—
Deed Of Trust
related
$900,000 · Medford Capital Bank
May 25, 2004
—
Jewel S Douglass
—
Deed Of Trust
related
$1,525,000 · Medford Capital Bank
Oct 22, 2001
—
Arthur F Douglass
—
Deed Of Trust
related
$200,000 · Medford Capital Bank
Apr 7, 1999
—
Arthur F Douglass
—
Deed Of Trust
related
$130,000 · 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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