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Property profile & analytics
OFF-MARKET
Estimated value
$12,235,000
Medical Office Space
1595 Cambridge St 1603, Cambridge, MA 02138-4302
Entity Owned
4-yr Hold
Free & Clear
Property ID
US38-2186023
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1970
Construction
BRICK
Total area
36,212 SF
Lot
1.45 ac (63,266 SF)
Zoning code
C-2
APN
CAMB M:00140 L:00157
UPID
US38-2186023
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.79M
CAP Approach
CAP
$11.88M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.24M
Owner & transaction history
Atrius Mso LLC · 4 yrs held
Atrius Mso LLC
since 2022
Last sale
$13.0M
6 recorded transactions
Zoning & alternative use
C-2 · Cambridge, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.6M
+150.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cambridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cambridge submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$11,125,000
ML approach
$8,785,000
CAP Approach
CAP Return
Estimation
6%
$12,865,000
6.5%
$11,875,000
7%
$11,025,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,565,000
Change: +151% · Conversion: Easy
Blend value · Realmo final
$12.24M
Range $11.01M – $13.46M · ±10% · vs last sale $12.98M (May 31 2022)
Last sale anchor
$12.98M
May 31 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$338 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$156,462
Tax year 2024
Assessed value
$14,958,100
Assessed 2024
Previous assessed
$14,958,100
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$7,339,000
Assessed improvement
$7,619,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1970
Construction
BRICK
Heating
CENTRAL
Buildings
1
Stories
2
Total area
36,212 SF
Lot
1.45 ac (63,266 SF)
Zoning code
C-2
APN
CAMB M:00140 L:00157
UPID
US38-2186023
Jurisdiction
CAMBRIDGE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Cambridge, MA
Zoning C-2 · permitted uses
C-2 · Cambridge, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cambridge. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$7.6M
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Construction
BRICK
Heating
CENTRAL
Stories
2
Buildings
1
Lot
1.45 ac
Current owner
From public records · entity-resolved
Atrius Mso LLC
Entity
Free & Clear · 4 yrs held
Mailing address
275 GRV ST, AUBURNDALE, MA 02466-2272
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2022
$12,976,147
Atrius Mso LLC
Atrius Health INC
Quit Claim Arm's Length For Ne States
—
May 20, 2019
—
Atrius Health INC
—
Deed
related
$137,685 · People's United Bk
Dec 13, 2016
$23,000,000
Atrius Health INC
Harvard Pilgrim Health
Quit Claim Deed
—
—
—
Atrius Health INC
—
Deed Of Trust
related
$137,685 · People's United Bk
—
—
Atrius Health INC
—
Deed Of Trust
related
$137,685,000 · People's United Bk
—
—
Atrius Health INC
—
Deed Of Trust
related
$172,280,000 · People's United Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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