Remodeled Boutique Office
For Sale
$3,000,000
930 Massachusetts Ave, Cambridge, MA 02139
Flexible suite sizes support professional users, therapists, consultants, startups, nonprofits, and small businesses.
Property Size3,824 SF
Price / SF$784.52
Days on Market57
Property Features for 930 Massachusetts Ave
General Information
Standard status
Active
Size
3,824 SF
Property subtype
COMMERCIAL
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$25,778
Building Details
Year Built
1940
Buildings
1
Stories
3
Building Size
3,824 SF
Listing Agency:
Gibson CRE
(617) 426-6900
Listed By:
Michael Hartwick
Source:
Bostonluxurysuburbs
Added: Jun 25
Changed: Aug 17
Last Checked: Aug 19 at 4:05PM
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
Investment Insights
Based on property information with market context.
Fully remodeled office space occupies a three-story building with suites ranging from approximately 250 to 900 SF. The property contains approximately 3,824 SF in total, with typical floor plates of approximately 1,275 SF and limited on-site parking. Its configuration accommodates smaller professional occupants seeking dedicated office space without taking on an oversized footprint.
Located at 930 Massachusetts Ave in Mid-Cambridge, the property offers access to Central Square, Harvard Square, MIT, neighborhood retail, restaurants, public transit, and bicycle routes. The surrounding area includes both residential and business uses, providing convenient connectivity throughout Cambridge.
Located at 930 Massachusetts Ave in Mid-Cambridge, the property offers access to Central Square, Harvard Square, MIT, neighborhood retail, restaurants, public transit, and bicycle routes. The surrounding area includes both residential and business uses, providing convenient connectivity throughout Cambridge.
Key Highlights
- Approximately 3,824 SF across three stories
- Fully remodeled office space in a boutique building
- Suites range from approximately 250 to 900 SF
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
$147,944
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
4.93%
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%
$2,958,880
$3.0M
Cap Rate 7%
$2,113,486
$2.1M
Cap Rate 9%
$1,643,822
$1.6M
Market Conditions
NOI Build-Up for 3,824 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
$221.6K $57.96/SF
− Vacancy
−$24.4K −$6.38/SF
EGI
$197.3K $51.58/SF
− OpEx
−$49.3K −$12.90/SF
NOI
$147.9K $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%
$2,958,880
Cap Rate 7%
$2,113,486
Cap Rate 9%
$1,643,822
Alternative Uses
Best Use
Office B
$2.11M
$1.85M – $2.47M
NOI $147,944 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,368 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,569
Businesses Nearby
Explore this area
Business Placement
Demographics for 02139, MA
39,525
Population
16,930
Households
2.3
Avg Household Size
30
Median Age
78%
College-Educated
94%
High-School Grad
1.6 sq mi
ZIP Area
24,703
Density / Sq Mi
$124,648
Median Household Income
$61,025
Median Earnings
$2,613
Median Rent
$1,066,200
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?
Office building - Flexible suite sizes support professional users, therapists, consultants, startups, nonprofits, and small businesses.
Where is this office building located?
The property is located at 930 Massachusetts Ave Cambridge, MA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Approximately 3,824 SF across three stories; Fully remodeled office space in a boutique building; Suites range from approximately 250 to 900 SF
