Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1033 Massachusetts Ave Cambridge, MA 02138

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    4,002 SF retail space in the heart of Harvard Square.

    Property size:
    4,002 SF
    Lot size:
    0.51 Acres

    Property Features for 1033 Massachusetts Ave

    General Information

    Size
    4,002 SF
    Lot size
    0.51 Acres

    We can help!

    Listing Contact
    Angela Vanarsdale
    Source: Moodyscre

    Listing Agent: Angela Vanarsdale

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Space in Harvard Square

    This 4,002 SF retail space is a flexible, move-in-ready premises located in Harvard Square. The space features 55 feet of frontage along Massachusetts Avenue and 12-foot ceilings. Delivered in vanilla box condition, it includes HVAC, basic lighting, and bathrooms. Highly visible signage is available. The space is well-suited for a range of retail or service users looking to tap into the area’s steady mix of students, residents, and visitors. Harvard Square is home to Greater Boston’s most vibrant mix of eclectic retail, dining, arts, and culture. Its dynamic blend of students, faculty, residents, and visitors from around the world creates a unique urban neighborhood with global recognition. This property presents a rare opportunity to join the Harvard Square market with a versatile second-generation retail space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Virtually Done by ... Advertising Agency Harvard University Credit ... Atm Harvard University Police ... Police Department Domino's Pizza Take-out & Catering FedEx Drop Box Shipping Company

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.1119304
    Latitude
    42.3697058

    Nearby Similar for Lease

    • $45 SF/Yr
      4,500 SF

      Cambridge Office Suite for Lease

      Class A office space near Alewife T station and Fresh Pond.
      185 Alewife Brook Pkwy, Cambridge, MA 02138
      View Details
    • $1.00 SF/Yr
      100,188 SF

      Prime Porter Square Commercial Space

      Located in the heart of Porter Square, Cambridge near public transit.
      1902 Massachusetts Ave, Cambridge, MA 02140
      View Details
    • Contact for pricing

      Retail Space in Cambridge, MA

      Highly visible retail space in a densely-populated Cambridge neighborhood.
      1030 Cambridge St, Cambridge, MA 02141
      View Details
    • Contact for pricing

      Retail Space Near Porter Square

      Second-level retail space near public transportation and high-volume retailers.
      1 White Street Pl, Cambridge, MA 02140
      View Details
    • Contact for pricing
      26,247 SF

      Cambridge Office Space Sublease Opportunity

      Office space for sublease in Cambridge with convenient amenities.
      10 Fawcett St, Cambridge, MA 02138
      View Details
    • Sponsored
      New
      Contact for pricing

      Harvard Square

      Discover many ways to work your way in Harvard Square
      1 Mifflin Pl, Cambridge, MA 02138
      View Details
    • Contact for pricing
      80,000 SF

      Cambridgeport Office/R&D Space Available

      80,000 SF office/R&D space in Cambridgeport biotechnology neighborhood.
      270 Albany St, Cambridge, MA 02139
      View Details
    • Contact for pricing
      63,337 SF

      Cambridge Office Space for Lease

      High-quality office space in thriving Kendall Square neighborhood.
      141 Portland St, Cambridge, MA 02139
      View Details

    FAQs

    What type of property is this?
    Retail space - 4,002 SF retail space in the heart of Harvard Square.
    Where is this retail space located?
    The property is located at 1033 Massachusetts Ave Cambridge, MA.
    What are key features of this property?
    This property features: - Prime Harvard Square location with high visibility and access to a diverse customer base.; - Move-in-ready vanilla box condition, suitable for various retail or service businesses.; - **55' of frontage on Massachusetts Avenue, providing excellent exposure.**
    (978) 766-5142 Call to check price and availability
    Request Owner's contact information
    1033 Massachusetts Ave Cambridge, MA 02138
    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.
    1033 Massachusetts Ave
    Cambridge, MA 02138
    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
    1033 Massachusetts Ave Cambridge, MA 02138
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Angela Vanarsdale
    (978) 766-5142 (617) 401-2872
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!