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Property profile & analytics
FOR LEASE
Office Spaces
52 Waltham St, Lexington, MA 02421
Entity Owned
2-yr Hold
Free & Clear
Property ID
US38-0159506
For Lease
1 / 2
$750/Mo
52 Waltham St, Lexington, MA 02421
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1895
Total area
5,429 SF
Lot
0 ac (126 SF)
Zoning code
CB
APN
LEXI M:0048 L:0037-1
UPID
US38-0159506
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
$1.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.66M
Blend (final)
Blend
$1.62M
Owner & transaction history
Cathedral Ledge LLC · 2 yrs held
Cathedral Ledge LLC
since 2023
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
CB · Lexington, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+11.8%
Auto repair, garage
$1.5M
+8.4%
Neighborhood: shopping center
$1.5M
+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
$1,480,000
ML approach
$1,540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,410,000
Current use
RESTAURANT
$1,575,000
Change: +12% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,530,000
Change: +8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,505,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$1,465,000
Change: +4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,405,000
Change: 0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,250,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$1.62M
Range $1.46M – $1.78M · ±10% · vs last sale $1.71M (Aug 31 2023)
Last sale anchor
$1.71M
Aug 31 2023
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
$298 / 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
$43,366
Tax year 2024
Assessed value
$1,792,000
Assessed 2024
Previous assessed
$1,792,000
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed improvement
$1,792,000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
For Lease
Year built
1895
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Rooms
1
Total area
5,429 SF
Lot
0 ac (126 SF)
Zoning code
CB
APN
LEXI M:0048 L:0037-1
UPID
US38-0159506
Jurisdiction
LEXINGTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
CB · Lexington, MA
Zoning CB · permitted uses
CB · 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
$1.4M
RESTAURANT
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
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
1895
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Rooms
1
Lot
0 ac
Current owner
From public records · entity-resolved
Cathedral Ledge LLC
Entity
Free & Clear · 2 yrs held
Mailing address
52ND WALTHAM ST52A, LEXINGTON, MA 02421
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Aug 31, 2023
$1,712,500
Cathedral Ledge LLC
Sword & Spoon Prop LLC
Condominium Deed
—
Apr 9, 2021
—
Sword&spoon Prop LLC
—
Deed
related
$1,100,000 · Boston Private Bank & Trust Company
Feb 26, 2015
$1,687,500
Sword & Spoon Props LLC
Windspeed Capital LLC
Quit Claim Deed
—
Apr 12, 2002
—
Windspeed Capital LLC
—
Deed Of Trust
related
$1,150,000 · Medford Capital Bank
Dec 16, 1999
$1,045,000
Windspeed Capital LLC
Sherbrooke Assocs INC
Grant Deed
related
$1,045,000 · Medford Capital Bank
Oct 26, 1998
—
Sherbrooke Assocs INC
—
Deed Of Trust
related
$315,000 · Us Trust Middlesex
Aug 17, 1987
—
52 Waltham St. RT
—
Deed Of Trust
related
$81,403 · Zwi Kohorn
Jan 7, 1987
—
52 Waltham St. RT
—
Deed Of Trust
related
$800,000 · Quincy Svgs Bk
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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