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

    1712 Massachusetts Ave Cambridge, MA 02138-1804

    • Turn key restaurants
    • 6,750 SF
    • 0.15 lot acres
    OFF-MARKET
    Last Sale
    Aug 31, 2021
    $4,500,000
    Value Estimations
    $4,380,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1855926
    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

    • Changsho / Restaurant

    Property Details for 1712 Massachusetts Ave

    Year built
    1967
    Construction
    BRICK
    Lot size
    0.15 lot acres
    Property size
    6,750 SF
    Zone code
    BA-2
    Property type
    Turn key restaurants
    APN
    CAMB M:00175 L:00084
    APU
    CAMBM00175L00084

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,255,000
      ML approach
      $4,275,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,435,000
      COMMERCIAL (GENERAL)
      $3,000,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1199
    Latitude
    42.3835
    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
    $45,729
    $1,382,500
    $2,989,300
    $4,371,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,666 SF

      24 Holyoke St

      RESTAURANT • 1,666 SF
      24 Holyoke St, Cambridge, MA 02138-5014
      View Details
    • Value Estimation by Request
      7,176 SF

      1234-1238 Massachusetts Ave

      RESTAURANT • 7,176 SF
      1234-1238 Massachusetts Ave, Cambridge, MA 02138
      View Details
    • Value Estimation by Request
      1,188 SF

      529 Concord Ave

      RESTAURANT • 1,188 SF
      529 Concord Ave, Cambridge, MA 02138
      View Details
    • Value Estimation by Request
      3,294 SF

      681 Concord Ave

      RESTAURANT • 3,294 SF
      681 Concord Ave, Cambridge, MA 02138
      View Details
    • Value Estimation
      $525,000
      4,714 SF

      96 Winthrop St

      RESTAURANT • 4,714 SF
      96 Winthrop St, Cambridge, MA 02138-4930
      View Details
    • Value Estimation by Request
      1,760 SF

      1682 Massachusetts Ave

      RESTAURANT • 1,760 SF
      1682 Massachusetts Ave, Cambridge, MA 02138-1803
      View Details

    Similar Nearby for Sale

    • $1,995,000

      Main Street Mixed-Use Redevelopment Opportunity

      Mixed-use or residential redevelopment potential in prime location.
      781 Main St, Cambridge, MA 02138
      View Details
    • $1,099,000

      Cambridge Retail Condo Investment

      Prime Location, Steady Income, Estate Sale
      5 Surrey St, 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
    • Contact for pricing

      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
    • $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
    • $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

    Similar Nearby for Lease

    • Contact for pricing
      6,409 SF

      Restaurant Space with Outdoor Area

      6,409 SF former restaurant with patio and outdoor bar.
      1-5 Bennett St, Cambridge, MA 02138
      View Details
    • Contact for pricing
      6,409 SF

      Harvard Square Hotel Opportunity

      Iconic Cambridge Hotel, 6,409 SF Available
      1 Bennett St, Cambridge, MA 02138
      View Details
    • Contact for pricing
      5,815 SF

      Cambridge Retail Space For Lease

      Recently renovated retail spaces with substantial store frontage in Cambridge, MA.
      997-1013 Massachusetts Ave, Cambridge, MA 02138
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space with Basement

      Retail space available with a basement in Cambridge, MA.
      1676 Massachusetts Ave, Cambridge, MA 02138
      View Details
    • Contact for pricing
      1,851 SF

      Cambridge Retail Space For Lease

      Retail space in busy Cambridge shopping center anchored by Star Market.
      699 Mount Auburn St, Cambridge, MA 02138
      View Details
    • Contact for pricing
      13,138 SF

      Retail Space in Harvard Square

      Retail space available in Harvard Square, Cambridge.
      48 Brattle St, Cambridge, MA 02138
      View Details

    Property Visit Statistics

    • Visits by month
      2.4k
    • Visitors by month
      2.0k
    • Avg Time on site
      15 min
    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.
    1712 Massachusetts Ave
    Cambridge, MA 02138-1804
    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.