Property profile

727 Marrett Rd Lexington, MA 02421

OFF-MARKET
Commercial real estate
Property ID
US38-1067285
147,433 SF 12.9 ac lot Built 2008
Individually Owned 10-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2008
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 147,433 SF
Lot 12.9 ac (561,924 SF)
Zoning code CD-13
APN LEXI M:0051 L:00056A
UPID US38-1067285

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
  • Hotel & Motel
  • Hotel & Motel
  • Electric Vehicle Charging Station
  • Atm
  • Atm

Location

727 Marrett Rd Lexington, MA 02421-7311
Lexington metro Census 358400 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
$19.11M
Blend (final) Blend
$18.07M

Owner & transaction history

since 2016
4 recorded transactions
2016
$36.0M
2013
$36.0M
2006
$1
1997
$15.6M

Zoning & alternative use

CD-13 · Lexington, MA
Zoning description

A planned development district is intended to Permit considerable flexibility in the development of tracts of land by requiring few predetermined standards, Permit a developer to propose, and for the Town to vote on, a s…

General category PLANNED_DEVELOPMENT

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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