Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Cambridge Office Space For Rent Title is generated by Realmo AI

    545 Concord Ave, Cambridge, MA 02138

    View on Map
    Claim this Listing
    For Lease
    $40 SF/Yr $2,833/Mo (calc)

    COMMERCIAL - Cambridge, MA

    Property size:
    850 SF
    Lot size:
    0.24 Acres
    Added:
    Apr 5, 2026
    Days on Market:
    40
    Last Refresh:
    May 14 at 4:06 pm

    Property Features for 545 Concord Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    BA
    Standard status
    Active
    APN
    M:0265A L:00031,4407437
    Size
    850 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2017
    Tax Annual Amount
    100391

    Building Details

    Year built
    1988

    We can help!

    Listing Contact
    Christina Hill

    Listing agent Christina Hill

    Listing office Keller Williams Realty Boston Northwest 20 University Rd, Suite 500, Concord, MA

    Listing date Apr 5, 2026

    MLS# 73496075

    Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large corner window office/conference room.
    • On‑site parking available, plus visitor and underground garage parking.
    • Wheelchair accessible elevator building.
    • Convenient location: 0.6 mile to Alewife T station (MBTA red line).
    • Building includes showers.
    • Close proximity to numerous amenities (Starbucks, Whole Foods, Trader Joe's, restaurants, etc.).

    Overview

    This commercial space in Cambridge, MA, offers an open window office, a large corner window office or conference room, and a storage room. On-site parking is available. The building features a wheelchair-accessible elevator, visitor parking, and underground garage parking, as well as showers. It is located close to bus stops 74 and 78, and is 0.6 miles from the Alewife T station on the MBTA red line. Nearby amenities include Starbucks, Whole Foods, Ma Magoo's, Dunkin', Chipotle, McDonald's, Trader Joe's, CVS Pharmacy, PetSmart, LaundroMutt, CorePower Yoga, Central Rock Gym, Apple Cinemas, and the Freepoint Hotel. Parks and recreation options in the vicinity include Danehy Park, Lusitania Field, Kingsley Park, and Fresh Pond Golf Course. The property is zoned BA and the building is situated on a lot of 0.2354 acres. The unit offers 850 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ethio Dental Care ... Dental Office Malachy A. Shaw-Jones, PSYD Physician Ethio Dental Care Dental Office Cambridge Neighbors Charitable Organization Vast Capital Management ... Property Management Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.14269
    Latitude
    42.38821

    Nearby Similar for Lease

    • $48 SF/Yr

      Cambridge Office Space with River Views

      Renovated office space with Charles River views and easy access.
      810 Memorial Dr, Cambridge, MA 02139
      View Details
    • $48 SF/Yr

      Cambridge Office Space Available

      Renovated office space with river views and convenient amenities.
      810 Memorial Dr, Cambridge, MA 02139
      View Details
    • $48 SF/Yr

      Cambridge Office Space For Lease

      Renovated office spaces with amenities near universities and public transportation.
      810 Memorial Dr, Cambridge, MA 02139
      View Details
    • $45 SF/Yr

      Cambridge Office Space for Rent

      Modern office space near Alewife T station with flexible layout.
      185 Alewife Brook Pkwy, Cambridge, MA 02138
      View Details
    • $45 SF/Yr

      Cambridge Office Suite Near Transit

      Office space with natural light, near Central Square T.
      552 Massachusetts Ave, Cambridge, MA 02139
      View Details
    • $45 SF/Yr

      Cambridge Office Suite Near Transit

      1,250 SF office suite near Central Square T.
      552 Massachusetts Ave, Cambridge, MA 02139
      View Details
    • $45 SF/Yr

      Cambridge Studio Space For Rent

      Ready built-out studio near Central Square T station.
      552 Massachusetts Ave, Cambridge, MA 02139
      View Details
    • $39 SF/Yr

      Cambridge Commercial Space For Lease

      Office space available in Cambridge, suitable for various businesses.
      2-6 University Road, Cambridge, MA 02138
      View Details
    • $39 SF/Yr

      Cambridge Office Space for Lease

      Office space with private entrance and signage opportunities in Cambridge.
      2 University Road, Cambridge, MA 02138
      View Details
    • $1,692/Mo

      Shared Office Space in Cambridge

      Shared office space with parking near public transportation and amenities.
      545 Concord Ave, Cambridge, MA 02138
      View Details
    • $25 SF/Yr

      Cambridge Office Suite For Lease

      3,000 sq ft office suite near public transportation.
      26 New St, Cambridge, MA 02138
      View Details
    • $39 SF/Yr

      Cambridge Office Space For Lease

      Office space with private entrance and signage opportunities in Cambridge.
      6 University Road, Cambridge, MA 02138
      View Details

    FAQs

    What type of property is this?
    Office units - Office space with on-site parking and convenient public transportation.
    Where is this office units located?
    The property is located at 545 Concord Ave Cambridge, MA.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: Large corner window office/conference room.; On‑site parking available, plus visitor and underground garage parking.; Wheelchair accessible elevator building.
    (978) 369-5775
    We can help!
    Listing Contact
    Christina Hill
    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
    545 Concord Ave, Cambridge, MA 02138
    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!