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Property profile & analytics
OFF-MARKET
Office buildings
64 Lexington St Framingham, MA 01702-8219
Individually Owned
5-yr Hold
Free & Clear
Property ID
US38-1632567
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1887
Construction
FRAME
Total area
2,026 SF
Lot
0.09 ac (4,008 SF)
Zoning code
CB
APN
FRAM M:128 B:87 L:4993 U:000
UPID
US38-1632567
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
-
John G. Myerson, Lic Alternative Medicine Practice Acupuncture
-
Balance & Healing Center Medical Clinic Alternative Medicine Practice
-
Inspired Acupuncture Physician
-
Phyllis B. Fitzpatrick, MSW Foster Care Service Social Service Agency
-
Andrew N Decina Accounting Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lu Erlian · 5 yrs held
Lu Erlian
since 2020
Last sale
$165,000
4 recorded transactions
Zoning & alternative use
CB · Framingham, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Framingham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Framingham 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,483
Tax year 2024
Assessed value
$373,200
Assessed 2024
Previous assessed
$373,200
+0.0% YoY
Effective rate
2.54%
On assessed value
Assessed land
$125,400
Assessed improvement
$247,800
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
1887
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
3
Units
3
Rooms
7
Bathrooms
3
Total area
2,026 SF
Lot
0.09 ac (4,008 SF)
Zoning code
CB
APN
FRAM M:128 B:87 L:4993 U:000
UPID
US38-1632567
Jurisdiction
FRAMINGHAM
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
CB · Framingham, MA
Zoning CB · permitted uses
CB · Framingham, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Framingham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1887
Construction
FRAME
Heating
STEAM
Stories
3
Buildings
1
Units
3
Rooms
7
Bathrooms
3
Lot
0.09 ac
Current owner
From public records · entity-resolved
Lu Erlian
Individual
Free & Clear · 5 yrs held
Mailing address
38 CRESTWOOD DR, WELLESLEY, MA 02481-1634
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2020
$295,000
Lu Erlian
RT
Quit Claim Deed
—
Aug 14, 1998
$165,000
RT
64 Lexington St RT
Grant Deed
$132,000 · Framingham Cp Bank
Apr 12, 1988
—
64 Lexington St. RT
—
Deed Of Trust
related
$52,000 · Zeger Corp Pension Trust
Dec 16, 1987
—
Lexington St Rlty T 64
—
Deed Of Trust
related
$160,000 · Framingham Tr Co Ofma
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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