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    1924 Massachusetts Ave Cambridge, MA 02140-2102
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    Property profile & analytics

    1924 Massachusetts Ave Cambridge, MA 02140-2102

    View on Map
    • Hotels
    • 26,357 SF
    • 0.34 lot acres
    Off-Market
    Property ID
    US38-0449763
    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.
    Value Estimations
    $815,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Colette Wine Bistro / Restaurant
    • Porter Square Hotel / Hotel & Motel

    Property Details for 1924 Massachusetts Ave

    Year built
    2015
    Construction
    STEEL FRAME
    Lot size
    0.34 lot acres
    Property size
    26,357 SF
    Zone code
    BC
    Property type
    Hotels
    APN
    CAMB M:00178 L:00021
    APU
    CAMBM00178L00021

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $520,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,200,000
      6.5%
      $1,110,000
      7%
      $1,030,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1205
    Latitude
    42.3892
    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
    $141,594
    $4,888,200
    $8,648,500
    $13,536,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $560,000
      16,672 SF

      1868 Massachusetts Ave

      HOTEL • 16,672 SF
      1868 Massachusetts Ave, Cambridge, MA 02140-2709
      View Details
    • Value Estimation
      $37,410,000
      84,930 SF

      10 Acorn Park Dr

      HOTEL • 84,930 SF
      10 Acorn Park Dr, Cambridge, MA 02140-2303
      View Details
    • Value Estimation
      $10,840,000
      32,933 SF

      402 Rindge Ave, Unit JAS

      CONDOMINIUM OFFICES • 32,933 SF
      402 Rindge Ave, Cambridge, MA 02140-2946
      View Details
    • Value Estimation
      $8,910,000
      53,730 SF

      74 Sherman St

      SHOW ROOM, WAREHOUSE • 53,730 SF
      74 Sherman St, Cambridge, MA 02140
      View Details
    • Value Estimation
      $3,325,000
      9,898 SF

      66 Washburn Ave

      OFFICE BUILDING • 9,898 SF
      66 Washburn Ave, Cambridge, MA 02140
      View Details
    • Value Estimation
      $2,005,000
      11,639 SF

      1876 Massachusetts Ave

      SHOW ROOM, WAREHOUSE • 11,639 SF
      1876 Massachusetts Ave, Cambridge, MA 02140-2101
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,975 SF

      Cambridge Two-Family Near Porter Square

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      Cambridge Multifamily Investment Opportunity

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      Pending

      Cambridge Commercial Condo in Porter Square

      Street-level commercial condo in vibrant Porter Square, Cambridge.
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    • Contact for pricing
      747 SF

      Retail Space on Massachusetts Avenue

      Prime retail space with basement storage on Massachusetts Avenue.
      2322 Massachusetts Ave, Cambridge, MA 02140
      View Details
    • $13,000,000

      Porter Square Redevelopment Opportunity

      Redevelopment opportunity in the heart of Porter Square, Cambridge.
      815 Somerville Ave, Cambridge, MA 02140
      View Details
    • $6,700,000

      Cambridge Development Site For Sale

      12,000 SF development site in Cambridge's Alewife neighborhood.
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    Similar Nearby for Lease

    • $19 SF/Yr

      Cambridge Leasing Opportunity with Parking

      Located in Cambridge, MA, featuring outdoor play space and parking.
      35 Middlesex St, Cambridge, MA 02140
      View Details
    • $19 SF/Yr
      Pending

      Cambridge Leasing Opportunity

      Leasing opportunity in Cambridge, Massachusetts, with outdoor play space.
      15 Notre Dame Ave, Cambridge, MA 02140
      View Details
    • $19 SF/Yr

      Cambridge Freestanding Leasing Opportunity

      Freestanding building in North Cambridge with outdoor play space.
      21 Notre Dame Ave, Cambridge, MA 02140
      View Details
    • $1.00 SF/Yr
      100,188 SF

      Prime Porter Square Commercial Space

      Located in the heart of Porter Square, Cambridge near public transit.
      1902 Massachusetts Ave, Cambridge, MA 02140
      View Details
    • Contact for pricing

      Cambridge Multi-Building Opportunity For Rent

      Three buildings available individually or combined in Cambridge, Massachusetts.
      15 Notre Dame Ave, Cambridge, MA 02140
      View Details
    • $1,400 /Mo
      663 SF

      Cambridge Office Space For Rent

      Office suite in Cambridge near public transportation and amenities.
      2285 Massachusetts Ave, Cambridge, MA 02140
      View Details

    Property Visit Statistics

    • Visits by month
      12.3k
    • Visitors by month
      9.2k
    • Avg Time on site
      23 min
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    Cambridge, MA 02140-2102
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    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
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