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    810 Memorial Dr Cambridge, MA 02139

    Sponsored
    For Lease
    Contact for pricing

    Renovated Office Space, Garage Parking

    Lot size:
    9,944 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    405
    This exceptional Class B office building, renovated in 2023, offers 10 suites ranging from 295 to 2,000 square feet, located at 810 Memorial Drive in Cambridge, MA 02139. The property features 266 on-site garage parking spaces, a significant advantage in this highly desirable Cambridgeport location. The building boasts convenient amenities including a fitness center, a large community room with a fully equipped kitchen, and 24/7 key card access. Accessibility is ensured with a wheelchair-accessible elevator. Additional on-site parking includes visitor, handicap, and bike storage. The building's prime location is at the intersection of Memorial Drive and River Street, offering easy access to major roadways, including the Mass Pike (I-90). Public transportation is readily available, with the Central Square T station (Red Line) just 0.7 miles away and two nearby bus lines (64 and 70). The area is rich with amenities, including Whole Foods Market, Dunkin', Trader Joe's, and various restaurants. Proximity to MIT, Harvard University, Boston University, and the Harvard Innovation Labs adds to the property's appeal. Enjoy the nearby Charles River, Riverside Press Park, Alberico Park, and Magazine Beach Park. Suites are available on both the second floor and mezzanine level. Specific suite sizes include: 295, 384, 734, 742, 752, 795, 826, 1,094, 1,143, 1,179, and 2,000 square feet.

    Property Features for 810 Memorial Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,944 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1969/2023

    Unit(s) available at that property

    Space
    795 RSF (Fl 2)
    Size
    795 SF
    Space
    295 RSF (Fl 2)
    Size
    295 SF
    Space
    2,000 RSF (Fl 2)
    Size
    2,000 SF
    Space
    1,179 RSF (Fl 2)
    Size
    1,179 SF
    Space
    1,143 RSF (Fl 2)
    Size
    1,143 SF
    Space
    826 RSF (Fl 2)
    Size
    826 SF
    Space
    1,094 RSF (Mezz) move-in ready
    Size
    1,094 SF
    Space
    752 RSF (Mezz)
    Size
    752 SF
    Space
    742 RSF (Mezz)
    Size
    742 SF
    Space
    734 RSF (Mezz)
    Size
    734 SF
    Space
    384 RSF (Fl 2)
    Size
    384 SF

    We can help!

    Listing Contact
    Patrick Verbeke
    Patrick Verbeke

    Learn more

    HighLights

    • Class B office building, renovated in 2023, offering 10 suites (295‑2,000 SF) at 810 Memorial Drive, Cambridge, MA.
    • 266 on‑site parking spaces.
    • Amenities include fitness center, community room with kitchen, and 24/7 key card access.
    • Prime location at Memorial Drive & River Street, near public transit (Red Line & bus routes).
    • Close proximity to MIT, Harvard, and major roadways (I‑90).
    Property Profile Location Intelligence

    Current Use by Public Records

    C L & H ... Government Social Services Department Department Of Social Services Cambridge Community Housing Apartment Rental Agency Epicore Biosystems, Inc. Biotechnology Company Empowerment Through Integration Non-Profit Organization

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1159345097
    Latitude
    42.360836217351

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    FAQs

    What type of property is this?
    Office Property / Space - Renovated Office Space, Garage Parking
    Where is this office property / space located?
    The property is located at 810 Memorial Dr Cambridge, MA.
    What are key features of this property?
    This property features: Class B office building, renovated in 2023, offering 10 suites (295-2,000 SF) at 810 Memorial Drive, Cambridge, MA.; 266 on-site parking spaces.; Amenities include fitness center, community room with kitchen, and 24/7 key card access.
    Request Owner's contact information
    810 Memorial Dr Cambridge, MA 02139
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    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
    810 Memorial Dr Cambridge, MA 02139
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    We can help!
    Listing Contact
    Patrick Verbeke
    Patrick Verbeke
    Real Estate License ID: MA 9519242
    Learn more
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