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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Retail space
224 Broadway Cambridge, MA 02139
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US38-0542418
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1945
Construction
BRICK
Total area
4,851 SF
Lot
0.12 ac (5,024 SF)
Zoning code
BA
APN
CAMB M:00042 L:00091
UPID
US38-0542418
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
$925k
Owner & transaction history
Lams Realty LLC · 1 yrs held
Lams Realty LLC
since 2025
3 recorded transactions
Zoning & alternative use
BA · Cambridge, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the BA district is to promote local and drive in retail business offices and multifamily dwellings
Zone name
Business A
General category
COMMERCIAL
Zone area
100.31 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$1.4M
+4.4%
Neighborhood: shopping center
$1.3M
+2.8%
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
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
RETAIL STORES
$1,310,000
Current use
AUTO REPAIR, GARAGE
$1,365,000
Change: +4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,345,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±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
$191 / 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
$20,874
Tax year 2024
Assessed value
$1,995,600
Assessed 2024
Previous assessed
$1,995,600
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$1,315,500
Assessed improvement
$680,100
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1945
Construction
BRICK
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
4,851 SF
Lot
0.12 ac (5,024 SF)
Zoning code
BA
APN
CAMB M:00042 L:00091
UPID
US38-0542418
Jurisdiction
CAMBRIDGE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BA · Cambridge, MAZoning BA · permitted uses
BA · Cambridge, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the BA district is to promote local and drive in retail business offices and multifamily dwellings
Zone name
Business A
General category
COMMERCIAL
Zone area
100.31 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1945
Construction
BRICK
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Lams Realty LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1312 GREAT MDW RD, DEDHAM, MA 02026-4071
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2025
—
Lams Realty LLC
222 Broadway RT
Deed
related
—
Jan 31, 1989
—
222 Broadway RT
—
Deed Of Trust
related
$350,000 · Grove Bank For Svgs
Nov 16, 1988
—
222 Broadway RT
—
Deed Of Trust
related
$250,000 · Grove Bank For Svgs
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.
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