New Cambridge Retail/Office
For Sale
$899,000
747 Cambridge St #C, Cambridge, MA 02141
New construction retail/office space in prime Cambridge location.
Property Size1,535 SF
Price / SF$585.67
Days on Market472
Property Features for 747 Cambridge St #C
General Information
Standard status
Active
Size
1,535 SF
Taxes and HOA fees
Annual Taxes
$4,500
Building Details
Year Built
2025
Listing Agency:
Riverfront REALTORS®
Listed By:
Gregory McCarthy
Source:
Corcoran
Added: May 21, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 Riverfront REALTORS®
Investment Insights
Based on property information with market context.
This new construction retail or office space is located in Cambridge's newest boutique elevator building. The property features a glass storefront with direct access from high-traffic Cambridge Street. The 1535 square foot space offers layout flexibility. Located on the ground floor of a high-end construction, the space includes sharp lines, 15-foot ceilings, and natural light. The property is located at the edge of East Cambridge and Inman Square. Allowed uses include retail and professional offices. The space is expected to be ready for occupancy in the Summer.
Key Highlights
- Prime retail location on high‑traffic Cambridge Street at the edge of East Cambridge and Inman Square.
- New construction (2025) in a boutique elevator building with a street‑facing glass storefront.
- Versatile 1550 sq ft open space suitable for retail or professional offices.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,387
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,187,740
$1.2M
Cap Rate 7%
$848,386
$848.4K
Cap Rate 9%
$659,856
$659.9K
Market Conditions
NOI Build-Up for 1,535 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$89.0K $57.96/SF
− Vacancy
−$9.8K −$6.38/SF
EGI
$79.2K $51.58/SF
− OpEx
−$19.8K −$12.90/SF
NOI
$59.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,187,740
Cap Rate 7%
$848,386
Cap Rate 9%
$659,856
Alternative Uses
Best Use
Office B
$848.4K
$742.3K – $989.8K
NOI $59,387 @ 7.0% cap · market cap 6.61%
Second Best
Retail
$430.6K
$376.8K – $502.3K
NOI $30,140 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,839 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,412
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - New construction retail/office space in prime Cambridge location.
Where is this retail space located?
The property is located at 747 Cambridge St #C Cambridge, MA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Prime retail location on high‑traffic Cambridge Street at the edge of East Cambridge and Inman Square.; New construction (2025) in a boutique elevator building with a street‑facing glass storefront.; Versatile 1550 sq ft open space suitable for retail or professional offices.
