Property profile

7 Hartwell Ave Lexington, MA 02421

OFF-MARKET
Office buildings
Property ID
US38-1517272
7,096 SF 1.61 ac lot Built 1980
Entity Owned 8-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1980
Construction FRAME
Total area 7,096 SF
Lot 1.61 ac (70,131 SF)
Zoning code CM
APN LEXI M:0084 L:000081
UPID US38-1517272

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Volunteer Organization Community Center
  • Law Firm
  • Law Firm
  • Law Firm

Location

7 Hartwell Ave Lexington, MA 02421-3101
Lexington metro Census 358700 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.12M
Blend (final) Blend
$2.16M

Owner & transaction history

since 2017
2 recorded transactions
2017
$2.4M
2001
$1.1M

Zoning & alternative use

CM · Lexington, MA
Zoning description

list of Planned Development Districts, including PD Planned Development Districts, RD Planned Residential Development Districts, and CD Planned Commercial Development Districts, is on file with the Planning Office. 7.4 C…

General category INDUSTRIAL
Top alternative use upside
Restaurant $2.1M +11.8%
Auto repair, garage $2.0M +8.4%
Neighborhood: shopping center $2.0M +6.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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