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Property profile & analytics
FOR LEASE
Turn key restaurants
94 Hartwell Ave, Lexington, MA 02421
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-1426668
For Lease
1 / 2
$700,000
94 Hartwell Ave, Lexington, MA 02421
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1985
Construction
FRAME
Total area
13,891 SF
Lot
8.73 ac (380,278 SF)
Zoning code
CM
APN
LEXI M:0073 L:00009A
UPID
US38-1426668
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$700k
Owner & transaction history
Hartwell Rlty Partne LLC · 20 yrs held
Hartwell Rlty Partne LLC
since 2005
7 recorded transactions
Zoning & alternative use
CM · Lexington, 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 Lexington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lexington 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
$50 / SF
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
$66,695
Tax year 2024
Assessed value
$2,756,000
Assessed 2024
Previous assessed
$2,708,000
+1.8% YoY
Effective rate
2.42%
On assessed value
Assessed land
$1,342,000
Assessed improvement
$1,414,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Turn key restaurants
Use group
RESTAURANT
Status
For Lease
Year built
1985
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
1
Total area
13,891 SF
Lot
8.73 ac (380,278 SF)
Zoning code
CM
APN
LEXI M:0073 L:00009A
UPID
US38-1426668
Jurisdiction
LEXINGTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
CM · Lexington, MA
Zoning CM · permitted uses
CM · Lexington, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lexington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
1
Lot
8.73 ac
Current owner
From public records · entity-resolved
Hartwell Rlty Partne LLC
Entity
Mailing address
440 BEDFORD ST, LEXINGTON, MA 02420-1547
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2025
—
Hartwell Hospitality LLC
—
Deed
related
$12,884,000 · Northern Bank & Trust Co
May 4, 2022
—
Hartwell Hospitality LLC
—
Deed
related
$1,005,000 · Northern Bank & Trust Co
Nov 23, 2016
—
Hartwell Hospitality L
—
Deed
related
$150,000 · Northern Bk & Tr
Jul 1, 2010
—
Hartwell Hospitality LLC
—
Deed Of Trust
related
$100,000 · Hartwell Realty LLC
Feb 27, 2008
—
Hartwell Rlty Partner LLC
—
Deed Of Trust
related
$250,000 · Danvers Savings Bank
Aug 9, 2006
—
Hartwell Rlty Partner LLC
—
Deed Of Trust
related
$400,000 · Wainwright Bank & Trust Co
Oct 28, 2005
$2,100,000
Hartwell Rlty Partne LLC
Hartwell Nt
Grant Deed
related
$3,900,000 · Wainwright Bank & Trust Co
Sep 5, 2003
$2,000,000
Hartwell Nominee RT
Restaurant RT
Grant Deed
$1,025,000 · Sovereign Bank
Sep 5, 2003
—
Hartwell Nt
—
Deed Of Trust
related
$717,500 · Sovereign Bank
Nov 27, 2000
—
Restaurant RT
—
Deed Of Trust
related
$890,000 · Eagle Bank
Jan 23, 1989
—
Hartwell Rlty Corp
—
Deed Of Trust
related
$450,000 · Baybank Middlesex
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.
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