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    245 1St St Cambridge, MA 02142

    • Office Properties & Spaces
    • 18,428 SF
    For Lease
    View listing
    $22 SF/Yr
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 245 1St St

    Property size
    18,428 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Office space

    Description

    This Class A office building in Middlesex County offers 18,428 square feet of versatile workspace, including executive suites, coworking areas, and creative office solutions. The property, renovated in 2019, features 350 suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,970 square feet are vacant. Enjoy breathtaking panoramic Boston city views from the 18th floor, ideally situated near the biotech and IT industries and adjacent to Harvard University. The building's distinctive design, highlighted by mint green accents, makes a striking impression. Its convenient location offers easy access to Boston Logan International Airport, numerous restaurants, and cafes. Flexible options include private, fully furnished offices, customizable spaces, disaster recovery solutions, and day offices. A comprehensive benefits program provides exclusive discounts and procurement support. Coworking spaces promote collaboration, and meeting rooms are equipped with the latest technology. Virtual office options are also available. Elevators are present.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.079
    Latitude
    42.3635

    Comparable in this City

    • Value Estimation by Request
      215,394 SF

      245 Main St

      Coworking space • 215,394 SF
      245 Main St, Cambridge, MA 02142
      View Details
    • Value Estimation by Request
      1,965 SF

      10 Rogers St, Unit 1B

      CONDOMINIUM OFFICES • 1,965 SF
      10 Rogers St, Cambridge, MA 02142-1246
      View Details
    • Value Estimation by Request
      1,845 SF

      75 Cambridge Pkwynr1

      CONDOMINIUM OFFICES • 1,845 SF
      75 Cambridge Pkwynr1, Cambridge, MA 02142-1229
      View Details
    • Value Estimation by Request
      931 SF

      10 Rogers St, Unit 121

      CONDOMINIUM OFFICES • 931 SF
      10 Rogers St, Cambridge, MA 02142-1246
      View Details
    • Value Estimation by Request
      1,377 SF

      10 Rogers St Ste, Unit 118

      CONDOMINIUM OFFICES • 1,377 SF
      10 Rogers St Ste, Cambridge, MA 02142-1249
      View Details
    • Value Estimation by Request
      1,850 SF

      10 Rogers St, Unit 1A

      CONDOMINIUM OFFICES • 1,850 SF
      10 Rogers St, Cambridge, MA 02142-1246
      View Details

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    245 1St St
    Cambridge, MA 02142
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    Realmo Value Estimation

    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.

    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.

    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
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