Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Arlington Office/Retail Space Available Title is generated by Realmo AI

    645 R Massachusetts Ave, Arlington, MA 02474

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $40 SF/Yr $13,333/Mo (calc)

    4,000 SF office or retail space for lease.

    Property size:
    4,000 SF
    Added:
    Sep 4, 2024
    Days on Market:
    625
    Last Refresh:
    Mar 16 at 9:37 am

    Property Features for 645 R Massachusetts Ave

    General Information

    Standard status
    Active
    Size
    4,000 SF

    Building Details

    Year Built
    2024

    We can help!

    Listing Contact
    Albert Bouchie
    Albert Bouchie

    Listing agent Albert Bouchie License #9522540

    Listing office Advisors- Commercial

    Listing date Sep 4, 2024

    Source Corcoran

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

    All listing content including descriptions, pricing, images are the copyrighted material of Advisors- Commercial

    HighLights

    • 4,000 SF of flexible office or retail space.
    • Newly constructed building (Year Built: 2024).
    • Suitable for office or retail use.
    • Space available for lease.
    • Property is new.
    • Large space.

    Overview

    This property offers 4,000 square feet of space suitable for either office or retail use. Located in Arlington, Massachusetts, the property presents a versatile opportunity for businesses seeking a new location.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Arlington
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1633
    Latitude
    42.4186

    Nearby Similar for Lease

    • $3,850/Mo

      Freestanding Office Building on Mass Ave

      High-visibility office building for lease with parking and signage.
      1012 Massachusetts Ave, Arlington, MA 02476
      View Details
    • $1,875/Mo

      Prime Office Space on Mass Ave

      Well-maintained office space in a prime location for rent.
      347 Massachusetts Ave #3, Arlington, MA 02474
      View Details
    • $3,500/Mo

      First Floor Office Suite

      Charming first floor office suite in a high visibility location.
      1171 Massachusetts Ave, Arlington, MA 02476
      View Details
    • $3,850/Mo
      1,380 SF

      Freestanding Office Building For Lease

      Freestanding office building in high visibility location on Mass Ave.
      1012 Massachusetts Ave, Arlington, MA 02476
      View Details
    • $9,000/Mo

      Modern Office Space in Arlington

      Versatile office space with modern amenities and convenient location.
      19-21 Broadway, Arlington, MA 02474
      View Details
    • $1,795/Mo

      Arlington Center Office Space Available

      Two-room office suite in the heart of Arlington Center.
      742 Massachusetts Ave #1B, Arlington, MA 02476
      View Details
    • $1,795/Mo

      Arlington Center Office Space

      Two-room office suite in the heart of Arlington Center.
      742 Massachusetts Ave 1B, Arlington, MA 02476
      View Details
    • $3,850/Mo
      1,380 SF

      Freestanding Office Building on Mass

      Freestanding office building for lease in high visibility location.
      1012 Massachusetts Avenue, Arlington, MA 02476
      View Details
    • $9,000/Mo

      Modern Office Space in Arlington

      Versatile office space with parking and public transport access.
      19-21 Broadway, Arlington, MA 02474
      View Details
    • Contact for pricing
      13,776 SF

      Flex/R&D Space in Arlington

      Flex/R&D space for lease in Arlington, Massachusetts.
      Arlington, MA 02474
      View Details
    • $2,000/Mo
      650 SF

      Prime Office Space on Mass Ave

      Well-maintained office space in a prime location for rent.
      347 Massachusetts Ave, Arlington, MA
      View Details
    • $48 SF/Yr
      1,200 SF

      Renovated Commercial Space on Massachusetts Ave

      Prime Arlington location, renovated space, ideal for various ventures.
      673-683 Massachusetts Ave, Arlington, MA
      View Details

    FAQs

    What type of property is this?
    Office units - 4,000 SF office or retail space for lease.
    Where is this office units located?
    The property is located at 645 R Massachusetts Ave Arlington, MA.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: 4,000 SF of flexible office or retail space.; Newly constructed building (Year Built: 2024).; Suitable for office or retail use.
    Edit or Promote this Listing
    Or you can promote this listing later in your account
    We can help!
    Listing Contact
    Albert Bouchie
    Albert Bouchie
    Real Estate License ID: 9522540
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    645 R Massachusetts Ave, Arlington, MA 02474
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!