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Property profile & analytics
FOR LEASE
Office buildings
196 Boston Ave, Medford, MA 02155
Entity Owned
Free & Clear
Property ID
US38-0624744
For Lease
1 / 2
$10,245,000
196 Boston Ave, Medford, MA 02155
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1911
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
38,404 SF
Lot
0.41 ac (17,762 SF)
APN
MEDF M:N-05 B:0006
UPID
US38-0624744
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
Current use
Occupant on record · Public records
-
Glovantech Corporation (Bike/Boat/Book/etc) Store Corporate Office
-
Medford, Drug and Alcohol Rehab| Advanced Addiction Center Medical Clinic
-
Professional Physical Therapy Medical Clinic
-
Lotus Technical Services Professional Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.25M
Owner & transaction history
Cummings Foundation INC
Cummings Foundation INC
since 2025
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.2M
+28.7%
Auto repair, garage
$10.8M
+24.8%
Neighborhood: shopping center
$10.6M
+22.9%
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 Medford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Medford 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,660,000
Current use
RESTAURANT
$11,150,000
Change: +29% · Conversion: Moderate
AUTO REPAIR, GARAGE
$10,810,000
Change: +25% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,640,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$10,355,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$9,495,000
Change: +10% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$8,850,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$10.25M
Range $9.22M – $11.27M · ±10%
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
$267 / 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
$19,809
Tax year 2024
Assessed value
$1,207,100
Assessed 2024
Previous assessed
$1,207,100
+0.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$633,500
Assessed improvement
$573,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1911
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
14
Bathrooms
2
Total area
38,404 SF
Lot
0.41 ac (17,762 SF)
APN
MEDF M:N-05 B:0006
UPID
US38-0624744
Jurisdiction
MEDFORD
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$8.7M
RESTAURANT
Est. value
$11.2M
AUTO REPAIR, GARAGE
Est. value
$10.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.6M
RETAIL STORES
Est. value
$10.4M
COMMERCIAL (GENERAL)
Est. value
$9.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.9M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1911
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
14
Bathrooms
2
Lot
0.41 ac
Current owner
From public records · entity-resolved
Cummings Foundation INC
Entity
Free & Clear · 0 yrs held
Mailing address
200 W CUMMINGS PARK, WOBURN, MA 01801-6333
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2025
—
Cummings Foundation INC
Simmons Properties INC
Quitclaim Deed
related
—
Jul 7, 1987
$4,170,000
Gct RT
Mobil Foundation In
Grant Deed
$4,100,000 · Zuckerman Family Nomi
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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