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Property profile & analytics
OFF-MARKET
Estimated value
$9,085,000
Office buildings
165 2nd St, Cambridge, MA 02142
Entity Owned
32-yr Hold
~
Est. High Equity
Property ID
US38-1496197
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1918
Construction
BRICK
Total area
114,712 SF
Lot
1.95 ac (85,028 SF)
Zoning code
IA-1
APN
CAMB M:00017 L:00084
UPID
US38-1496197
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.09M
Owner & transaction history
American Twine LP · 32 yrs held
American Twine LP
since 1994
5 recorded transactions
Zoning & alternative use
IA-1 · Cambridge, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$79 / 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
$730,641
Tax year 2024
Assessed value
$69,851,000
Assessed 2024
Previous assessed
$69,851,000
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$19,364,500
Assessed improvement
$50,486,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1918
Construction
BRICK
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
4
Units
2
Total area
114,712 SF
Lot
1.95 ac (85,028 SF)
Zoning code
IA-1
APN
CAMB M:00017 L:00084
UPID
US38-1496197
Jurisdiction
CAMBRIDGE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
IA-1 · Cambridge, MA
Zoning IA-1 · permitted uses
IA-1 · 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.
Building & site characteristics
From public records
Year built
1918
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
4
Buildings
1
Units
2
Lot
1.95 ac
Current owner
From public records · entity-resolved
American Twine LP
Entity
Mailing address
75 PARK PLZ, BOSTON, MA 02116-3941
Ownership since
1994
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2005
—
Atlp INC
—
Deed Of Trust
related
$12,000,000 · Key Bank NA
Oct 8, 1998
—
American Twine LP
—
Deed Of Trust
related
$6,000,000 · Key Bank NA
May 11, 1994
—
American Twine LP
—
Deed Of Trust
related
$2,000,000 · Zuckerman Family Nomi
May 11, 1994
$5,000,000
American Twine LP
American Twine RT
Grant Deed
related
$3,750,000 · Zuckerman Family Nomi
Apr 30, 1993
$9,700,000
American Twine RT
Obrien,james J
Grant Deed
—
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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