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    186 Alewife Brook Pkwy Cambridge, MA 02138

    Sponsored
    For Lease
    Contact for pricing

    3,700 SF Move-In Ready Office

    Lot size:
    3,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    404
    This exceptional 3,700 square foot office suite, available November 1st, 2024, is ideally situated in the Cambridge Highlands submarket, offering a blend of medical and creative office space. The suite boasts a versatile layout including an open area perfect for collaborative work, two well-appointed conference rooms for meetings and presentations, four private offices for focused work, a dedicated server room for IT infrastructure, and a convenient kitchen area. Abundant natural light creates a bright and welcoming atmosphere. The space is in move-in condition, requiring no tenant improvements, and is offered with no broker fees. The building itself is a three-story structure with elevator access. Its prime location provides unparalleled convenience, with easy access to public transportation. It's just 0.4 miles from the Alewife T station on the MBTA Red Line and 0.2 miles from bus routes 74 and 78, offering direct connections to Harvard Square. A wealth of amenities are within walking distance, including Whole Foods, Starbucks, various restaurants (Ma Magoo's, Dunkin', Chipotle, McDonald's, Trader Joe's), CVS Pharmacy, PetSmart, LaundroMutt, Core Power Yoga, Central Rock Gym, Apple Cinemas, and the Freepoint Hotel. Nearby parks and recreational areas such as Danehy Park, Lusitania Field, Kingsley Park, and Fresh Pond provide green spaces for relaxation and recreation. This property presents a unique opportunity to secure a well-appointed, conveniently located office space in a thriving Cambridge neighborhood.

    Property Features for 186 Alewife Brook Pkwy

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,700 SF

    Building Details

    Stories
    3

    Unit(s) available at that property

    Space
    3,700 RSF office suite
    Size
    3,700 SF

    We can help!

    Listing Contact
    Patrick Verbeke
    Patrick Verbeke

    Learn more

    HighLights

    • 3,700 RSF move‑in ready office suite available November 1, 2024.
    • Three‑story office building.
    • Excellent location: 0.4 miles to Alewife T Station (Red Line) and 0.2 miles to bus routes 74 & 78.
    • Abundant nearby amenities including Whole Foods, Starbucks, and various restaurants, retail, and fitness options.
    • Proximity to Danehy Park, Lusitania Field, Kingsley Park, and Fresh Pond.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tyler Lynch PC Accountant McDonald's Fast Food Restaurant Xfinity Store by ... Internet Service Provider Tenacity Medical, Inc. Biotechnology Company Ed Greable & Company ... Real Estate Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.14108970723
    Latitude
    42.390323647033

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    FAQs

    What type of property is this?
    Office space - 3,700 SF Move-In Ready Office
    Where is this office space located?
    The property is located at 186 Alewife Brook Pkwy Cambridge, MA.
    What are key features of this property?
    This property features: 3,700 RSF move-in ready office suite available November 1, 2024.; Three-story office building.; Excellent location: 0.4 miles to Alewife T Station (Red Line) and 0.2 miles to bus routes 74 & 78.
    Request Owner's contact information
    186 Alewife Brook Pkwy Cambridge, MA 02138
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    Cambridge, MA 02138
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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
    186 Alewife Brook Pkwy Cambridge, MA 02138
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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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