Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    675 Lowell St Lexington, MA 02420-1956
    Property profile & analytics

    675 Lowell St Lexington, MA 02420-1956

    View on Map
    • Super regional malls
    • 16,736 SF
    • 4.59 lot acres
    Off-Market
    Property ID
    US38-1670574
    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.
    Value Estimations
    $2,590,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Linna's Beauty Studio / Medical Clinic / Skin Care Clinic
    • Elegant Edge / Barber Shop
    • Dolah Hair Salon Suite / Hair Salon
    • Rootz Hair Salon / Hair Salon
    • Birds Eye Beauty / Hair Salon

    Property Details for 675 Lowell St

    Year built
    1950
    Construction
    STEEL FRAME
    Lot size
    4.59 lot acres
    Property size
    16,736 SF
    Zone code
    CD-5
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    LEXI M:0075 L:00011A
    APU
    LEXIM0075L00011A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,910,000
      APARTMENT HOUSE (5+ UNITS)
      $3,855,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2088
    Latitude
    42.469
    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
    $66,066
    $1,077,000
    $1,653,000
    $2,730,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,010,000
      4,950 SF

      135 Massachusetts Ave

      REGIONAL SHOPPING CENTER, MALL • 4,950 SF
      135 Massachusetts Ave, Lexington, MA 02420-4039
      View Details
    • Value Estimation
      $2,355,000
      12,934 SF

      165 Massachusetts Ave

      REGIONAL SHOPPING CENTER, MALL • 12,934 SF
      165 Massachusetts Ave, Lexington, MA 02420-4039
      View Details
    • Value Estimation
      $1,805,000
      9,345 SF

      311 Woburn St

      REGIONAL SHOPPING CENTER, MALL • 9,345 SF
      311 Woburn St, Lexington, MA 02420-2200
      View Details
    • Value Estimation
      $705,000
      3,122 SF

      162 Bedford St

      REGIONAL SHOPPING CENTER, MALL • 3,122 SF
      162 Bedford St, Lexington, MA 02420-4417
      View Details
    • Value Estimation
      $605,000
      2,665 SF

      46 Massachusetts Ave

      REGIONAL SHOPPING CENTER, MALL • 2,665 SF
      46 Massachusetts Ave, Lexington, MA 02420-4023
      View Details
    • Value Estimation
      $985,000
      4,560 SF

      172 Bedford St

      REGIONAL SHOPPING CENTER, MALL • 4,560 SF
      172 Bedford St, Lexington, MA 02420-4417
      View Details

    Similar Nearby for Sale

    • $60,000

      Established Hair Salon Opportunity

      Profitable hair salon in prime Lexington location for sale.
      7777 Massachusetts Ave, Lexington, MA 02420
      View Details
    • $60,000

      Lexington Hair Salon Opportunity

      Established hair salon for sale in a prime Lexington location.
      7777 Massachusetts Ave, Lexington, MA 02420
      View Details
    • Contact for pricing

      Established Hair Salon for Sale

      Operating hair salon in Lexington, MA, with equipment included.
      7777 Massachusetts Ave, Lexington, MA 02420
      View Details
    • $339,800
      0.02 Acres

      Lexington Office Space: Prime Location

      Updated 3-office suite, 775 sq ft, ample parking.
      35 Bedford St, Lexington, MA 02420
      View Details
    • Contact for pricing

      Lexington Office Condo For Sale

      Renovated office condo in Lexington's walkable business district.
      9 Meriam St, Lexington, MA 02420
      View Details
    • $299,900

      Custance Place Office Condominium Units

      Two office condominium units in a vibrant, high-traffic location.
      76 Bedford #29, Lexington, MA 02420
      View Details

    Similar Nearby for Lease

    • $2,850 /Mo

      Lexington Commercial Space for Lease

      Highly accessible Lexington commercial space suitable for various business types.
      235 Bedford St, Lexington, MA 02420
      View Details
    • $35 SF/Yr

      Prime Retail/Office Space Available

      Retail/office space in Lexington Center with high visibility and foot traffic.
      1844 Massachusetts Ave, Lexington, MA 02420
      View Details
    • $1,500 /Mo

      Renovated Storefront on Massachusetts Avenue

      Cozy, renovated storefront in East Lexington, ideal for small businesses.
      4 Bow St, Lexington, MA 02420
      View Details
    • $2,150 /Mo

      Prime Retail Space on Bedford

      Highly visible retail space near Minuteman Bikeway and Stop & Shop.
      235 Bedford St, Lexington, MA 02420
      View Details
    • $35 SF/Yr
      5,100 SF

      Prime Lexington Center Retail/Office Space

      High-visibility retail/office space in Lexington Center with flexible floor plans.
      1844 Massachusetts Ave, Lexington, MA 02420
      View Details
    • $1,500 /Mo
      760 SF

      Renovated Storefront in East Lexington

      Cozy, renovated storefront suitable for various small businesses.
      4 Bow St, Lexington, MA 02420
      View Details

    Property Visit Statistics

    • Visits by month
      941
    • Visitors by month
      1.9k
    • Avg Time on site
      89 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    675 Lowell St
    Lexington, MA 02420-1956
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    675 Lowell St, Lexington, MA, 02420
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!