Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1008 Massachusetts Ave, Unit R1 Cambridge, MA 02138-5358

    • Commercial real estate
    • 2,279 SF
    OFF-MARKET
    Value Estimations
    $505,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0775260
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Palumbo-Hanson Real Estate Team / Real Estate Agency
    • Dawn Felicani / Real Estate Agency
    • Gibson Sotheby's International Realty / Real Estate Agency
    • Carolyn Boyle, Gibson Sotheby's International Realty, your real estate resource / Real Estate Agency
    • Eric Walbridge - Realtor at Sotheby's International Realty / Real Estate Agency

    Property Details for 1008 Massachusetts Ave

    Year built
    1998
    Property size
    2,279 SF
    Zone code
    BB1
    Property type
    Commercial real estate
    APN
    CAMB M:00121 L:00114000R1
    APU
    CAMBM00121L00114000R1

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1114
    Latitude
    42.3689
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $13,114
    $0.00
    $1,253,700
    $1,253,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,955,000
      21,856 SF

      48 Brattle St

      SHOW ROOM, WAREHOUSE • 21,856 SF
      48 Brattle St, Cambridge, MA 02138-3705
      View Details
    • Value Estimation
      $3,575,000
      20,444 SF

      28 Brattle St, Unit 36

      SHOW ROOM, WAREHOUSE • 20,444 SF
      28 Brattle St, Cambridge, MA 02138-3721
      View Details
    • Value Estimation
      $770,000
      4,050 SF

      92 Kirkland St

      COMMERCIAL CONDOMINUIM • 4,050 SF
      92 Kirkland St, Cambridge, MA 02138-2065
      View Details
    • Value Estimation
      $6,675,000
      39,240 SF

      1390 Massachusetts Ave

      SHOW ROOM, WAREHOUSE • 39,240 SF
      1390 Massachusetts Ave, Cambridge, MA 02138
      View Details
    • Value Estimation
      $650,000
      3,304 SF

      1132 Massachusetts Ave

      SHOW ROOM, WAREHOUSE • 3,304 SF
      1132 Massachusetts Ave, Cambridge, MA 02138-5225
      View Details
    • Value Estimation by Request
      5,900 SF

      178 Alewife Brook Pkwy

      Retail properties • 5,900 SF
      178 Alewife Brook Pkwy, Cambridge, MA 02138
      View Details

    Similar Nearby for Sale

    • $1,099,000

      Cambridge Retail Condo Investment

      Prime Location, Steady Income, Estate Sale
      5 Surrey St, Cambridge, MA 02138
      View Details
    • $345,000
      0.23 Acres

      Cambridge Office Condo - Prime Location

      882 sq ft Office Suite, West Cambridge
      777 Concord Ave, Cambridge, MA 02138
      View Details
    • $1,299,000

      Cambridge Two-Family Home For Sale

      Two-family home in Cambridge's Strawberry Hill neighborhood.
      29-31 Edward T Sullivan Rd, Cambridge, MA 02138
      View Details
    • $1,399,900

      Cambridge Multifamily Property For Sale

      Multifamily property in West Cambridge with income potential.
      55 S Normandy Ave, Cambridge, MA 02138
      View Details
    • $3,500,000

      Mid-Cambridge Development Opportunity

      Three-family house on a large lot in historic Mid-Cambridge.
      106 Ellery St, Cambridge, MA 02138
      View Details
    • $2,950,000

      Cambridge Multi-Family with Development Potential

      Three-unit property in Huron Village with expansion possibilities.
      382 Huron Ave, Cambridge, MA 02138
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Prime Retail Space in Cambridge

      Retail space available in the heart of Cambridge.
      95 Mount Auburn St, Cambridge, MA 02138
      View Details
    • Contact for pricing
      3,400 SF

      Retail Space in Harvard Square

      Prime retail space available in the heart of Harvard Square.
      30 John F. Kennedy St, Cambridge, MA 02138
      View Details
    • Contact for pricing
      3,971 SF

      Cambridge Office Space for Rent

      Office space available immediately through June 30, 2030.
      1 Bow St, Cambridge, MA 02138
      View Details
    • Contact for pricing
      1,200 SF

      Cambridge Office Space For Rent

      Office space for rent in a prime Cambridge location.
      1950 Massachusetts Ave, Cambridge, MA 02138
      View Details
    • Contact for pricing
      225 SF

      Prime Harvard Square Location

      Office, residential, and retail building in the heart of Harvard.
      61 Church St, Cambridge, MA 02138
      View Details
    • Contact for pricing
      3,488 SF

      Cambridge Office Space with Atrium

      Multi-story office suite featuring a roof deck, available November 2024.
      1050 Massachusetts Ave, Cambridge, MA 02138
      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.
    1008 Massachusetts Ave, Unit R1
    Cambridge, MA 02138-5358
    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

    Google sign-in failed. Please try again or use another login method.