$119,000
●
Commercial -
Off Market
594 Marrett Rd #67
Lexington, MA 02421
Studio
0 Bath
569 Ft²
$128,570
RealtyHop Estimate
2.86%
Since Aug 1, 2022
MA-Boston
Primary Model
About This Property
What a rare opportunity to purchase office space in a desirable
building located close to Routes 2 and 95 for easy commuting. Two
first floor units are available and both offer light-filled and
welcoming spaces to use as desired. The versatile layout offers a
larger common room for meetings with smaller rooms to work
privately or to use as a waiting area. The units are immaculate and
ready for use or add your ideas and bring your dreams to life. The
building offers ample parking with large lots in both the front and
rear. Take advantage of an established and well-maintained office
building close to Lexington center and public transportation.
Unit Size
569 Ft²
Days on Market
-
Land Size
-
Price per sqft
$220
Property Type
Commercial
Property Taxes
$261
HOA Dues
$276
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 6 months ago (MLSPIN #72995242)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 5, 2026 | Sold | ||
| Sold | |||
| Apr 9, 2026 | In contract | - | |
| In contract | |||
| Apr 7, 2026 | Listed by MA Properties | $125,000 | |
| Listed by MA Properties | |||
   | |||
|
What a rare opportunity to purchase office space in a desirable building located close to Routes 2 and 95 for easy commuting. Two first floor units are available and both offer light-filled and welcoming spaces to use as desired. The versatile layout offers a larger common room for meetings with smaller rooms to work privately or to use as a waiting area. The units are immaculate and ready for use or add your ideas and bring your dreams to life. The building offers ample parking with large lots in both the front and rear. Take advantage of an established and well-maintained office building close to Lexington center and public transportation.
| |||
| Jul 14, 2022 | Sold | ||
| Sold | |||
| Jun 9, 2022 | Listed by MA Properties | $125,000 | |
| Listed by MA Properties | |||
| | |||
|
What a rare opportunity to purchase office space in a desirable building located close to Routes 2 and 95 for easy commuting. Two first floor units are available and both offer light-filled and welcoming spaces to use as desired. The versatile layout offers a larger common room for meetings with smaller rooms to work privately or to use as a waiting area. The units are immaculate and ready for use or add your ideas and bring your dreams to life. The building offers ample parking with large lots in both the front and rear. Take advantage of an established and well-maintained office building close to Lexington center and public transportation.
| |||
Property Highlights
Exterior Details
Square Footage: 569
Year Built: 1961
Building Area Total: 569
Building Area Units: Square Feet
Lot Size Units: Acres
Financial Details
Tax Annual Amount: $3,131
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Heat, Air Conditioning
HOA/Condo/Coop Amenities: Hot Water, Parking
HOA Fee: $276
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/07/2026
|
Loft
|
4 Bath
|
569 ft²
|
$125,000
Loft
4 Bath
569 ft²
|
$125,000
05/05/2026
|
Corinne Boin
MA Properties
| |
|
01/28/2024
|
Loft
|
-
|
-
|
$249,000
Loft
-
|
$260,000
+4.42%
02/29/2024
|
The Tom and Joanne Team
Gibson Sotheby's International Realty
| |
|
06/09/2022
|
Loft
|
4 Bath
|
569 ft²
|
$125,000
Loft
4 Bath
569 ft²
|
$119,000
-4.80%
07/14/2022
|
Wenjen Hwang
MA Properties
| |
|
01/18/2018
|
Loft
|
-
|
-
|
$119,800
Loft
-
|
$119,800
03/06/2018
|
Raminder Bhatia
Raminder Bhatia
| |
|
04/14/2014
|
Loft
|
-
|
865 ft²
|
$190,000
Loft
-
865 ft²
|
$185,000
-2.63%
08/08/2014
|
Mark Lesses
Coldwell Banker Realty - Lexington
| |
|
07/19/2004
| |
Loft
|
4 Bath
|
865 ft²
|
$159,900
Loft
4 Bath
865 ft²
|
$140,000
-12.45%
09/29/2004
|
Stephen McKenna
Gibson Sotheby's International Realty
|
|
04/30/1999
| |
Loft
|
4 Bath
|
31376 ft²
|
$122,000
Loft
4 Bath
31376 ft²
|
$118,000
-3.28%
11/30/1999
|
Jann Swanson
Coldwell Banker Realty - Lexington
|
|
01/29/1998
| |
Loft
|
-
|
-
|
$38,000
Loft
-
|
$35,000
-7.89%
06/24/1998
|
Lauren Macneil
Carlson GMAC Real Estate
|
Building Info
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