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

    216 Broadway Cambridge, MA 02139-1904

    • Office buildings
    • 792 SF
    • 0.02 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1784239
    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

    • Broadway Realty Partners LLC / Real Estate Agency

    Property Details for 216 Broadway

    Year built
    1930
    Construction
    BRICK
    Lot size
    0.02 lot acres
    Property size
    792 SF
    Zone code
    BA
    Property type
    Office buildings
    APN
    CAMB M:00042 L:00094
    APU
    CAMBM00042L00094

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0938
    Latitude
    42.3663
    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
    $4,345
    $248,700
    $166,700
    $415,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,090,000
      9,021 SF

      371 Grn St

      OFFICE BUILDING • 9,021 SF
      371 Grn St, Cambridge, MA 02139-3334
      View Details
    • Value Estimation
      $1,350,000
      3,800 SF

      84 Hamilton St

      OFFICE BUILDING • 3,800 SF
      84 Hamilton St, Cambridge, MA 02139-4525
      View Details
    • Value Estimation
      $8,645,000
      26,070 SF

      84 Prospect St

      OFFICE BUILDING • 26,070 SF
      84 Prospect St, Cambridge, MA 02139
      View Details
    • Value Estimation
      $8,355,000
      24,700 SF

      15 Tudor St

      OFFICE BUILDING • 24,700 SF
      15 Tudor St, Cambridge, MA 02139-4514
      View Details
    • Value Estimation
      $12,625,000
      38,283 SF

      209 Massachusetts Ave

      OFFICE BUILDING • 38,283 SF
      209 Massachusetts Ave, Cambridge, MA 02139
      View Details
    • Value Estimation
      $22,230,000
      68,575 SF

      784 Memorial Dr

      OFFICE BUILDING • 68,575 SF
      784 Memorial Dr, Cambridge, MA 02139-4613
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mass Ave Development Opportunity

      Prime Cambridge real estate with upzoning potential.
      930 Massachusetts Ave, Cambridge, MA 02139
      View Details
    • Contact for pricing

      Cambridge Mixed-Use Investment Opportunity

      Fully leased 8-unit property with commercial space in Cambridge.
      294-302 Windsor St, Cambridge, MA 02139
      View Details
    • Contact for pricing

      Cambridge Two-Family Corner Lot

      Two-family home on a prime corner lot near Charles River.
      214 Allston St, Cambridge, MA 02139
      View Details
    • $2,150,000

      Cambridge Multifamily on Corner Lot

      Three-unit multifamily property in Cambridge's Riverside neighborhood, ideal for investors.
      1 Jay St, Cambridge, MA 02139
      View Details
    • New
      $850,000
      Pending

      Cambridge Condominium with Balconies

      Condominium in good condition with two balconies and garage.
      16 Lee St Unit, Cambridge, MA 02139
      View Details
    • $2,985,000

      Cambridgeport Multi-Family Conversion Opportunity

      Three-family building on a corner lot near Central Square.
      174 Hamilton St, Cambridge, MA 02139
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,517 SF

      Cambridge R&D Building For Rent

      Single tenant R&D building, fully built-out and furnished space.
      357-365 Allston St, Cambridge, MA 02139
      View Details
    • Contact for pricing
      9,982 SF

      Renovated Office Building Near Central

      Renovated 9,982 SF office building with modern amenities.
      130 Prospect St, Cambridge, MA 02139
      View Details
    • Contact for pricing
      29,520 SF

      Kendall Square Office Building

      Nine-story office building with enclosed parking in Kendall Square.
      50 Hampshire St, Cambridge, MA 02139
      View Details
    • Contact for pricing
      34,620 SF

      Central Square Office Suites

      Move-in ready office spaces in Cambridge
      552 Massachusetts Ave, Cambridge, MA 02139
      View Details
    • Contact for pricing
      6,661 SF

      Kendall Square Office Space

      Office and retail complex in the heart of Kendall Square.
      201 Broadway, Cambridge, MA 02139
      View Details
    • Contact for pricing
      15,654 SF

      Cambridge Office Space for Lease

      Class B office space in Central Square, Cambridge.
      625-641 Massachusetts Ave, Cambridge, MA 02139
      View Details

    Property Visit Statistics

    • Visits by month
      8.9k
    • Visitors by month
      6.7k
    • Avg Time on site
      18 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.
    216 Broadway
    Cambridge, MA 02139-1904
    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.