Property profile

2245 Massachusetts Ave Cambridge, MA 02140

OFF-MARKET
Retail space
Property ID
US38-0796116
2,520 SF 0.26 ac lot Built 1974
Individually Owned 18-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1974
Construction BRICK
Total area 2,520 SF
Lot 0.26 ac (11,504 SF)
Zoning code BA-2
APN CAMB M:00182 L:00088
UPID US38-0796116

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store
  • Postal Service Courier Service
  • Bank Credit Union

Location

2245 Massachusetts Ave Cambridge, MA 02140-1212
Cambridge metro Census 355000 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
$760k
Comparable Approach Comparable
by Request
Blend (final) Blend
$565k

Owner & transaction history

since 2008
3 recorded transactions
2008
$1
2004
$1
1999
Price N/A

Zoning & alternative use

BA-2 · Cambridge, MA
Zoning description

The purpose of the BA-2 district is to promote office of a physician, dentist or other medical practitioner not located in a clinic, real estate, insurance or other agency office, general office use, bank, trust company…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $710,000 +4.4%
Neighborhood: shopping center $700,000 +2.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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