Add Listing
    For Sale
    • 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

    281 Concord Ave Cambridge, MA 02138

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,150,000

    West Cambridge commercial building with development potential in prime location.

    Property Features for 281 Concord Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Kathleen Alexander - Creative Living Team
    Kathleen Alexander - Creative Living Team
    Source: Corcoran

    Listing Agency: Keller Williams Realty Boston-Metro | Back Bay Listing Agent: Kathleen Alexander - Creative Living Team

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

    Learn more

    Overview

    Cambridge Commercial Building Development Opportunity

    This freestanding commercial building is located in West Cambridge within a BA-1 zoning district. The property offers multiple development opportunities due to the city's reformed zoning code. The existing structure, encompassing over 3,700 square feet including a 750+ square foot second-floor mezzanine, was extensively renovated in 2018 with a modern, industrial aesthetic. The layout flows through to a serene outdoor patio. The building features airy high ceilings and is very bright throughout. The first level and baths are fully ADA compliant. It is situated in a prime Huron Village location, one block from Talulla and 1.5 blocks to Hi-Rise Bakery, with convenient access to Harvard Square, Porter Square, and Fresh Pond. The property is suitable for high-end multifamily or stacked flats, creative work/live space, or a single-family residence.
    Location Intelligence

    Current Use by Public Records

    Built Coworking & Hybrid Office Davinci Meeting Rooms Marketing & Advertising J&B Dryer Vent ... Hardware & Home Improvement Kaleidocent Training Center Tridome Structures General Contractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.1335515
    Latitude
    42.3836758

    Nearby Similar for Sale

    • New
      $1,595,000
      2,410 SF

      Cambridge Turn-Key Multi-Family Property

      Well-maintained Cambridge two-family near Davis Square with recent updates.
      9-11 Edmunds St, Cambridge, MA 02140
      View Details
    • New
      $1,849,900
      2,601 SF

      Cambridge Two-Family Home with Updates

      Updated two-family home in Cambridge with garage and fenced backyard.
      51 Belmont St, Cambridge, MA 02138
      View Details
    • $2,500,000
      4,266 SF

      Cambridge Multifamily Development Opportunity

      Four-unit property with development potential in a prime Cambridge location.
      49-51A Clifton St, Cambridge, MA 02140
      View Details
    • Contact for pricing
      274,224 SF

      Cambridge Office Space Sublease

      First floor office space in mixed-use development on Charles River.
      10 Rogers St, Cambridge, MA 02142
      View Details
    • Contact for pricing
      9,120 SF

      Retail Space on Massachusetts Avenue

      Prime retail space with basement storage on Massachusetts Avenue.
      2322 Massachusetts Ave, Cambridge, MA 02140
      View Details
    • Contact for pricing
      7,088 SF

      Street-Level Retail/Office Space Available

      Highly visible retail/office space in a densely populated neighborhood.
      194 Harvard St, Cambridge, MA 02139
      View Details
    • $2,395,000
      2,358 SF

      Cambridge Commercial Property in Huron Village

      Commercial property in Huron Village, Cambridge, with division potential.
      365 Huron Ave, Cambridge, MA 02138
      View Details
    • Contact for pricing
      2,224 SF

      Retail Property in Cambridge, MA

      Retail property available for sale in Cambridge, Massachusetts.
      3 Arlington St, Cambridge, MA 02140
      View Details
    • Contact for pricing

      Courthouse Seafood Restaurant For Sale

      East Cambridge restaurant for sale, established business since 1987.
      498 Cambridge St, Cambridge, MA 02141
      View Details
    • $1,995,000

      Main Street Mixed-Use Redevelopment Opportunity

      Mixed-use or residential redevelopment potential in prime location.
      781 Main St, Cambridge, MA 02138
      View Details
    • $2,950,000

      Cambridge Multi-Family with Development Potential

      Three-unit property in Huron Village with expansion possibilities.
      382 Huron Ave, Cambridge, MA 02138
      View Details
    • $2,985,000

      Cambridgeport Multi-Family Conversion Opportunity

      Three-family building on a corner lot near Central Square.
      174 Hamilton St, Cambridge, MA 02139
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - West Cambridge commercial building with development potential in prime location.
    Where is this mixed-use property located?
    The property is located at 281 Concord Ave Cambridge, MA.
    What is the asking price?
    The asking price for this property is $3,150,000.
    What are key features of this property?
    This property features: - Rare BA-1 zoning offers multiple development opportunities (multifamily, work/live, single family).; - Prime Huron Village location, close to Talulla, Hi-Rise Bakery, Harvard Square, Porter Square, and Fresh Pond.; - Extensively renovated in 2018 with a sleek, modern industrial aesthetic.
    (617) 794-1253
    Request Owner's contact information
    281 Concord 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.
    281 Concord 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
    281 Concord 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!
    Listing Contact
    Kathleen Alexander - Creative Living Team
    Kathleen Alexander - Creative Living Team
    (617) 794-1253 (617) 542-0012
    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!