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Property profile & analytics
OFF-MARKET
Office buildings
2 1st St, Cambridge, MA 02141
Entity Owned
12-yr Hold
Free & Clear
Property ID
US38-0924975
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
STEEL FRAME
Total area
230,831 SF
Lot
1.42 ac (61,780 SF)
Zoning code
PUD-4
APN
CAMB M:00008 L:00075
UPID
US38-0924975
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
by Request
Owner & transaction history
Bcsp Cambridge 2 Prop LLC · 12 yrs held
Bcsp Cambridge 2 Prop LLC
since 2014
7 recorded transactions
Zoning & alternative use
PUD-4 · 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
—
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
$1,810,682
Tax year 2024
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
1998
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
YES
Buildings
1
Stories
5
Units
3
Total area
230,831 SF
Lot
1.42 ac (61,780 SF)
Zoning code
PUD-4
APN
CAMB M:00008 L:00075
UPID
US38-0924975
Jurisdiction
CAMBRIDGE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
PUD-4 · Cambridge, MA
Zoning PUD-4 · permitted uses
PUD-4 · 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
1998
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
5
Buildings
1
Units
3
Lot
1.42 ac
Current owner
From public records · entity-resolved
Bcsp Cambridge 2 Prop LLC
Entity
Free & Clear · 12 yrs held
Mailing address
1270 SOLDIERS FLD RD, BOSTON, MA 02135-1003
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2014
$78,250,000
Bcsp Cambridge 2 Prop LLC
2 Canal Park LLC
Quit Claim Deed
—
Jul 21, 2006
$1
2 Canal Park LLC
Rlty Assoc Iowa Corp
Grant Deed
—
Jul 21, 2006
—
2 Canal Park LLC
—
Grant Deed
related
$37,500,000 · State Farm LLC
Mar 29, 2001
—
Rlty Assocs Iowa Corp
—
Deed Of Trust
related
$26,000,000 · Prudential Insurance Co
Jul 2, 1999
$51,768,400
Rlty Assocs Iowa Corp
2 Canal Pk LP
Grant Deed
—
Dec 3, 1997
—
Canal Pk LP
—
Deed Of Trust
related
$37,000,000 · Fleet National Bank
Nov 15, 1995
—
Canal Pk LP
—
Deed Of Trust
related
$1,500,000 · Fleet National Bank
Jan 3, 1995
$400,000
Ned Two Canal Pk LP
2 Canal Pk Rlty Co
Grant Deed
—
—
—
Bcsp Cambridge 2 Prop LLC
—
Deed Of Trust
related
$75,200,000 · Bank Of America
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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