Leased Retail Condo Restaurant
For Sale
$3,950,000
950 Massachusetts Ave, Cambridge, MA 02139
Centrally located retail condo is fully leased to a longstanding neighborhood restaurant and Ubreak I Fix.
Property Size5,481 SF
Price / SF$720.67
Days on Market160
Property Features for 950 Massachusetts Ave
General Information
Standard status
Active
Size
5,481 SF
Property subtype
Commercial
Occupancy
100%
Building Details
Building Size
5,481 SF
Year Built
1989
Tenancy
Multi
Listing Agency:
Boston Realty Advisors
(617) 375-7900
Listed By:
Whitney Gallivan
(617) 850-9612
Source:
Churchillprop
Added: May 14
Changed: Oct 6
Last Checked: Oct 19 at 5:02AM
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 Boston Realty Advisors
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Investment Insights
Based on property information with market context.
This centrally located retail condo is offered for sale as a fully leased investment. The space is occupied by a longstanding neighborhood restaurant and Ubreak I Fix, providing an established retail mix within the property.
The property is located at 950 Massachusetts Avenue in Cambridge, Massachusetts.
The offering includes the 5,481-square-foot retail condo configuration as provided in the listing information.
The property is located at 950 Massachusetts Avenue in Cambridge, Massachusetts.
The offering includes the 5,481-square-foot retail condo configuration as provided in the listing information.
Key Highlights
- Retail condo built in 1989
- Fully leased to a longstanding neighborhood restaurant
- Fully leased to Ubreak I Fix
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,817
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,416,340
$2.4M
Cap Rate 7%
$1,725,957
$1.7M
Cap Rate 9%
$1,342,411
$1.3M
Market Conditions
NOI Build-Up for 5,481 SF
Gross rent
$171.0K $31.20/SF
− Vacancy
−$9.9K −$1.81/SF
EGI
$161.1K $29.39/SF
− OpEx
−$40.3K −$7.35/SF
NOI
$120.8K $22.04/SF
Area
Cambridge, MA
Vacancy
5.80%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,416,340
Cap Rate 7%
$1,725,957
Cap Rate 9%
$1,342,411
Alternative Uses
Best Use
Specialty Retail
$1.73M
$1.51M – $2.01M
NOI $120,817 @ 7.0% cap · market cap 3.06%
Second Best
Retail
$1.54M
$1.35M – $1.79M
NOI $107,619 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$4.23M
$3.70M – $4.93M
NOI $295,791 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,569
Businesses Nearby
28k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 50%
Shops & Services 35%
Dining 12%
Home Improvements & Furnishings 3%
Whole Foods Market
Groceries
14,071 visits/mo
0.4 miles
TD Bank
Shops & Services
4,418 visits/mo
0.5 miles
Citizens Bank
Shops & Services
3,970 visits/mo
0.3 miles
Blue Bottle Coffee
Dining
2,529 visits/mo
0.4 miles
Enterprise Rent-A-Car
Shops & Services
1,325 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Weston MA Florist — 653 massachusetts ave, cambridge, ma 02139
- Winchester MA Florist — 653 massachusetts ave, cambridge, ma 02139
- Boston Hospital Flowers — 653 Massachusetts Ave, Cambridge, MA 02139
- Karamahmut Inc — 8 merrill st, cambridge, ma 02139
- Petali Flowers — 92 Mt Auburn St, Cambridge, MA 02138
Frequently Asked Questions
What type of property is this?
Storefront property - Centrally located retail condo is fully leased to a longstanding neighborhood restaurant and Ubreak I Fix.
Where is this storefront property located?
The property is located at 950 Massachusetts Ave Cambridge, MA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Retail condo built in 1989; Fully leased to a longstanding neighborhood restaurant; Fully leased to Ubreak I Fix
