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    Property profile & analytics

    62 Massachusetts Ave Lexington, MA 02420-4020

    • Retail properties
    • 3,992 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    $1,185,000
    Last Sale
    Feb 17, 2023
    $1,280,000
    Location Intelligence
    Property ID
    US38-0677325
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Acupuncture Partners / Acupuncture Clinic / Holistic Medicine Practitioner
    • Rachel A. Hartstein, LIC / Acupuncturist
    • Zachary W. Parsons, LicAc / Acupuncturist
    • Lexington Family Dental / Dentist

    Property Details for 62 Massachusetts Ave

    Year built
    1950
    Construction
    CONCRETE
    Lot size
    0.14 lot acres
    Property size
    3,992 SF
    Zone code
    CN
    Property type
    Retail properties
    APN
    LEXI M:0013 L:000039
    APU
    LEXIM0013L000039

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,145,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,330,000
      6.5%
      $1,360,000
      7%
      $1,185,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,235,000
      Geo Method
      $1,355,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,095,000
      Retail
      $1,325,000
      Mixed-Use
      $1,390,000
      Hospitality
      $1,210,000
      Educational
      $1,160,000
      Residential Income
      $1,250,000
      Energy
      $1,195,000
      Income-Based Land
      $1,350,000
      Food Service
      $1,270,000

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1937
    Latitude
    42.4253
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $23,522
    $452,000
    $520,000
    $972,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,088 SF

      187 Bedford St

      DEPARTMENT STORE • 5,088 SF
      187 Bedford St, Lexington, MA 02420-4413
      View Details
    • Value Estimation by Request
      3,526 SF

      1640 Massachusetts Ave

      DEPARTMENT STORE • 3,526 SF
      1640 Massachusetts Ave, Lexington, MA 02420
      View Details
    • Value Estimation by Request
      2,506 SF

      231 Bedford St

      DEPARTMENT STORE • 2,506 SF
      231 Bedford St, Lexington, MA 02420-3413
      View Details
    • Value Estimation by Request
      1,287 SF

      235 Bedford St

      DEPARTMENT STORE • 1,287 SF
      235 Bedford St, Lexington, MA 02420-3413
      View Details
    • Value Estimation by Request
      12,086 SF

      1776 Massachusetts Ave

      Office Properties & Spaces • 12,086 SF
      1776 Massachusetts Ave, Lexington, MA 02420
      View Details
    • Value Estimation
      $380,000
      1,724 SF

      185 Bedford St

      DEPARTMENT STORE • 1,724 SF
      185 Bedford St, Lexington, MA 02420-4413
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
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      Store-front retail property in the heart of downtown Lexington.
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      View Details
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      Prime Retail/Office Space Lexington

      High-visibility retail/office space in historic Lexington Center.
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      Retail Space on Bedford Street

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      Retail or office space for rent near Lexington Center.
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    • Contact for pricing
      32,317 SF

      Restaurant Space in Downtown Lexington

      Second-generation restaurant space in a prime downtown location.
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      View Details
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    62 Massachusetts Ave
    Lexington, MA 02420-4020
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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