Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    16 Cherry St Cambridge, MA 02139
    Back to Search
    Property profile & analytics

    16 Cherry St Cambridge, MA 02139

    View on Map
    • Office Spaces
    • 2,589 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Norel Service Co Inc / General Contractor
    • Union Baptist Church / Church

    Property Details for 16 Cherry St

    Year built
    1987
    Property size
    2,589 SF
    Property type
    Office Spaces

    Description

    This exceptional 2,589-square-foot office space is located at 16 Cherry St, Cambridge, MA 02139, in Middlesex County. The property, a Class B building constructed in 1987 and renovated in 2000, offers a single-tenant occupancy within a two-story building. The space features six private offices, two open common areas ideal for collaboration, a convenient kitchenette, and two bathrooms. Fifteen parking spaces are available on-site, providing ample parking for employees and visitors. The building's address is conveniently located near School St. This traditional office space presents a fantastic opportunity for businesses seeking a well-maintained and functional workspace in a thriving Cambridge location. The property's layout is well-suited for a variety of office uses. Its central location offers easy access to local amenities and transportation options. The year 2000 renovation ensures modern functionality and comfort. This is a single-tenant space in a one-building complex.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0975
    Latitude
    42.3637

    Comparable in this City

    • Value Estimation
      $2,330,000
      6,961 SF

      486 Grn St

      CONDOMINIUM OFFICES • 6,961 SF
      486 Grn St, Cambridge, MA 02139-3203
      View Details
    • Value Estimation
      $6,790,000
      20,866 SF

      1 Hampshire St Ste 6n

      CONDOMINIUM OFFICES • 20,866 SF
      1 Hampshire St Ste 6n, Cambridge, MA 02139-1578
      View Details
    • Value Estimation by Request
      236 SF

      49 Hancock St Ste, Unit 107

      CONDOMINIUM OFFICES • 236 SF
      49 Hancock St Ste, Cambridge, MA 02139-3188
      View Details
    • Value Estimation by Request
      480 SF

      254 Harvard St, Unit 7

      CONDOMINIUM OFFICES • 480 SF
      254 Harvard St, Cambridge, MA 02139
      View Details
    • Value Estimation by Request
      610 SF

      875 Massachusetts Ave, Unit 5-4

      CONDOMINIUM OFFICES • 610 SF
      875 Massachusetts Ave, Cambridge, MA 02139-3067
      View Details
    • Value Estimation by Request
      156 SF

      49 Hancock St Ste, Unit 104

      CONDOMINIUM OFFICES • 156 SF
      49 Hancock St Ste, Cambridge, MA 02139-3188
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Cambridge Development Opportunity Near Central Square

      Prime development site near Central Square in Cambridge, Massachusetts.
      280 Green St, Cambridge, MA 02139
      View Details
    • Contact for pricing

      Grand Victorian Multifamily Income Property

      Restored Victorian with income potential in prime Cambridge location.
      1531 Cambridge St, Cambridge, MA 02139
      View Details
    • Contact for pricing
      4,984 SF

      Cambridge Multifamily Investment Opportunity

      Well-maintained 5-unit property near Harvard Square with income potential.
      343 Harvard St, Cambridge, MA 02139
      View Details
    • Contact for pricing

      Cambridge Multifamily Investment Opportunity

      Five-unit property near Harvard Square with income upside.
      343 Harvard St, Cambridge, MA 02139
      View Details
    • Contact for pricing
      Pending

      Cambridge Development Opportunity Near Central Square

      Prime development opportunity near Central Square in Cambridge, Massachusetts.
      280 Green St, Cambridge, MA 02139
      View Details
    • Contact for pricing
      4,300 SF

      Inman Square Retail Condominium

      Ground floor retail condominium in luxury development, delivering in 2024.
      1055 Cambridge St, Cambridge, MA 02139
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Cambridge Office Space For Rent

      Single tenant office building with 33,525 square feet available.
      50 Hampshire St, Cambridge, MA 02139
      View Details
    • Contact for pricing

      Cambridge Business Center Office Space

      Office space in the heart of Central Square near transportation.
      552 Massachusetts Ave, Cambridge, MA 02139
      View Details
    • Contact for pricing
      6,661 SF

      Kendall Square Office Space

      Office and retail complex in the heart of Kendall Square.
      201 Broadway, Cambridge, MA 02139
      View Details
    • Contact for pricing
      15,654 SF

      Cambridge Office Space for Lease

      Class B office space in Central Square, Cambridge.
      625-641 Massachusetts Ave, Cambridge, MA 02139
      View Details
    • $48 SF/Yr
      2,442 SF

      Renovated Office Space with River Views

      Cambridge office suite for lease with Charles River views.
      810 Memorial Dr, Cambridge, MA 02139
      View Details
    • $48 SF/Yr
      2,442 SF

      Cambridge Office Space Available

      Renovated office space with river views and convenient amenities.
      810 Memorial Dr, Cambridge, MA 02139
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16 Cherry St
    Cambridge, MA 02139
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    16 Cherry St, Cambridge, MA, 02139
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!