New search
Property profile & analytics
OFF-MARKET
Estimated value
$6,725,000
Office buildings
2464 Massachusetts Ave, Cambridge, MA 02140-1646
Entity Owned
26-yr Hold
~
Est. High Equity
Property ID
US38-0922003
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1915
Construction
FRAME
Total area
20,164 SF
Lot
0.59 ac (25,648 SF)
Zoning code
SD-2
APN
CAMB M:00189 L:00057
UPID
US38-0922003
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
-
Cambridge Massage Collaborative Alternative Medicine Practice Spa & Massage Center
-
Heidi's Table Alternative Medicine Practice Spa & Massage Center
-
Major Massage Alternative Medicine Practice Spa & Massage Center
-
Sunshine Massage Alternative Medicine Practice Spa & Massage Center
-
Cambridge Laser Lab ( Cambridge) Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.73M
Owner & transaction history
Dhk Cambridge LLC · 26 yrs held
Dhk Cambridge LLC
since 1999
7 recorded transactions
Zoning & alternative use
SD-2 · 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
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
$10,935,000
Current use
COMMERCIAL (GENERAL)
$8,960,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$6.73M
Range $6.05M – $7.40M · ±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
$334 / 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
$64,942
Tax year 2024
Assessed value
$6,208,600
Assessed 2024
Previous assessed
$6,208,600
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$3,103,500
Assessed improvement
$3,105,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Off-Market
Year built
1915
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
2
Total area
20,164 SF
Lot
0.59 ac (25,648 SF)
Zoning code
SD-2
APN
CAMB M:00189 L:00057
UPID
US38-0922003
Jurisdiction
CAMBRIDGE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
SD-2 · Cambridge, MA
Zoning SD-2 · permitted uses
SD-2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$10.9M
COMMERCIAL (GENERAL)
Est. value
$9.0M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1915
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
2
Lot
0.59 ac
Current owner
From public records · entity-resolved
Dhk Cambridge LLC
Entity
Mailing address
215 N FEDERAL HWY, BOCA RATON, FL 33432-3994
Ownership since
1999
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
Nov 9, 2010
—
Batmasian,james H Tr
—
Deed Of Trust
related
$17,000,000 · Brookline Savings Bank
Dec 5, 2007
—
2464 Mass Avenue Nt
—
Deed Of Trust
related
$25,000,000 · Us Trust Co
Aug 1, 2002
—
2464 Mass Ave Nt
—
Deed Of Trust
related
$14,000,000 · Gary Needham
Oct 28, 1999
$2,025,000
Dhk Cambridge LLC
Cambridge Off Assocs
Grant Deed
related
$1,520,000 · Cambridgeport Savings Bank
Jul 8, 1998
$1,075,000
Modern Continental Ent
Boyle Nt
Grant Deed
—
Dec 1, 1994
—
Off Assoc Cambridge
—
Deed Of Trust
related
$975,000 · Cambridgeport Savings Bank
Oct 27, 1993
—
Cambridgeoff Assocs
—
Deed Of Trust
related
$960,000 · Chrysler 1st Business
Nov 22, 1988
—
Cambridge Office Assoc
—
Deed Of Trust
related
$1,150,000 · Zuckerman Family Nomi
Jun 30, 1987
$32,000
Boyle Nominee Tr
Cambridge Ofc Assoc
Grant Deed
—
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?”
You own 2464 Massachusetts Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
