Restaurant Condo with
5-233 Cardinal Medeiros Ave, Cambridge, MA 02141
For Sale
$950,000
Pending
Built-out restaurant condo with commercial kitchen infrastructure, ADA restrooms, and seasonal patio seating.
Property Size1,600 SF
Days on Market114
Property Features for 5-233 Cardinal Medeiros Ave
General Information
Standard status
Size
Site & Location
Neighborhood
Corner Location
Restaurant
Patio
Equipment Included
Additional Details
Furnished
Taxes and HOA fees
Annual Taxes
Amenities
commercial kitchen infrastructure
55 indoor seats
16 patio seats
2 ADA bathrooms
furniture fixtures and equipment
Building Details
Tenancy
Listing Agency:
Cameron Real Estate Group
(781) 486-3180
Listed By:
David Maker · License MA #009525221
(617) 504-4157
Source:
Exprealty
Added: Jul 20
Changed: Nov 5
Last Checked: Nov 8 at 7:19AM
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 Cameron Real Estate Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,600-square-foot restaurant condominium at 5-233 Cardinal Medeiros Ave in Cambridge, MA occupies a corner-lot position and is configured for restaurant use. The interior includes commercial kitchen infrastructure, seating for 55 guests, and two ADA-compliant bathrooms. Furniture, fixtures, and equipment are included with the sale, providing an existing operational setup for a new concept.
The property also offers 16 seasonal patio seats, extending the seating arrangement beyond the indoor dining area. Located in the Kendall Square area, the space combines a built restaurant layout with a defined outdoor seating component and included FF&E.
The property also offers 16 seasonal patio seats, extending the seating arrangement beyond the indoor dining area. Located in the Kendall Square area, the space combines a built restaurant layout with a defined outdoor seating component and included FF&E.
Key Highlights
- 1,600 SF restaurant condominium at 5‑233 Cardinal Medeiros Ave, Cambridge, MA
- Corner‑lot commercial condo in the Kendall Square area
- Commercial kitchen infrastructure already in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,268
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,360
$705.4K
Cap Rate 7%
$503,829
$503.8K
Cap Rate 9%
$391,867
$391.9K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$49.9K $31.20/SF
− Vacancy
−$2.9K −$1.81/SF
EGI
$47.0K $29.39/SF
− OpEx
−$11.8K −$7.35/SF
NOI
$35.3K $22.04/SF
Area
Cambridge, MA
Vacancy
5.80%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,360
Cap Rate 7%
$503,829
Cap Rate 9%
$391,867
Alternative Uses
Best Use
Specialty Retail
$503.8K
$440.9K – $587.8K
NOI $35,268 @ 7.0% cap · market cap 3.71%
Second Best
Retail
$448.8K
$392.7K – $523.6K
NOI $31,416 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,347 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,247
Businesses Nearby
269k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 28%
Shops & Services 21%
Dining 19%
Groceries 16%
Target
Superstores
74,182 visits/mo
0.4 miles
Star Market
Groceries
44,009 visits/mo
0.4 miles
McDonald's
Dining
43,928 visits/mo
0.5 miles
Marshalls
Apparel
25,730 visits/mo
0.4 miles
Dollar Tree
Shops & Services
24,950 visits/mo
0.3 miles
Demographics for 02141, MA
15,130
Population
8,128
Households
1.9
Avg Household Size
32
Median Age
74%
College-Educated
94%
High-School Grad
0.6 sq mi
ZIP Area
25,217
Density / Sq Mi
$120,542
Median Household Income
$73,002
Median Earnings
$2,752
Median Rent
$892,600
Median Home Value
Market
Average Price Trend$/SF for Conventional restaurants in Middlesex County, MA
Properties on Market for Conventional restaurants in Middlesex County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Built-out restaurant condo with commercial kitchen infrastructure, ADA restrooms, and seasonal patio seating.
Where is this conventional restaurant located?
The property is located at 5-233 Cardinal Medeiros Ave Cambridge, MA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 1,600 SF restaurant condominium at 5‑233 Cardinal Medeiros Ave, Cambridge, MA; Corner‑lot commercial condo in the Kendall Square area; Commercial kitchen infrastructure already in place
