Office Units with Open Floor
For Sale
Contact for pricing
701 Concord, Cambridge, MA 02138
Flexible office suites feature open layouts, expansive windows, and abundant natural light overlooking Fresh Pond.
Property Size20,868 SF
Price / SF$0.00
Days on Market85
Property Features for 701 Concord
General Information
Standard status
Active
Size
20,868 SF
Total Parking Spaces
60
Property subtype
Commercial
Additional Details
Public Transit
Yes
Building Details
Year Built
1960
Listing Agency:
Gibson CRE
(617) 426-6901
Listed By:
Albert Bouchie · License #9522540
(617) 908-6775
Source:
Lockandkeyre
Added: Jul 30
Changed: Oct 21
Last Checked: Oct 20 at 10:16PM
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 Gibson CRE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property contains 20,868 square feet built in 1960, with suites ranging from 1,000 to 5,000 square feet. Interior configurations feature open floor plans, while large windows provide natural light and south-facing views toward Fresh Pond. Layouts can be customized to accommodate a range of office requirements.
The property is located at 701 Concord Ave in Cambridge Highlands, with access to public transportation and Route 2. Belmont and Cambridge are also identified in the surrounding access context. On-site parking includes 60 spaces.
The property is located at 701 Concord Ave in Cambridge Highlands, with access to public transportation and Route 2. Belmont and Cambridge are also identified in the surrounding access context. On-site parking includes 60 spaces.
Key Highlights
- Office property totaling 20,868 square feet
- Suite sizes range from 1,000 to 5,000 square feet
- Open floor plans with customizable layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$807,347
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,146,940
$16.1M
Cap Rate 7%
$11,533,529
$11.5M
Cap Rate 9%
$8,970,522
$9.0M
Market Conditions
NOI Build-Up for 20,868 SF
Gross rent
$1.21M $57.96/SF
− Vacancy
−$133.0K −$6.38/SF
EGI
$1.08M $51.58/SF
− OpEx
−$269.1K −$12.90/SF
NOI
$807.3K $38.69/SF
Area
Cambridge, MA
Vacancy
11.00%
Lease Rate
$57.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,146,940
Cap Rate 7%
$11,533,529
Cap Rate 9%
$8,970,522
Alternative Uses
Best Use
Office B
$11.53M
$10.09M – $13.46M
NOI $807,347 @ 7.0% cap · market cap 2,522,959.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.09M
$14.08M – $18.77M
NOI $1,126,175 @ 7.0% cap · market cap 3,519,296.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,251
Businesses Nearby
Explore this area
Business Placement
Demographics for 02138, MA
37,982
Population
16,132
Households
2.4
Avg Household Size
30
Median Age
86%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
14,067
Density / Sq Mi
$122,040
Median Household Income
$46,436
Median Earnings
$2,799
Median Rent
$1,088,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible office suites feature open layouts, expansive windows, and abundant natural light overlooking Fresh Pond.
Where is this office unit located?
The property is located at 701 Concord Cambridge, MA.
What are key features of this property?
This property features: Office property totaling 20,868 square feet; Suite sizes range from 1,000 to 5,000 square feet; Open floor plans with customizable layouts
