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

    288 Harvard St Medford, MA 02155-6234

    • Retail space
    • 1,862 SF
    • 0.05 lot acres
    OFF-MARKET
    Last Sale
    Oct 25, 2024
    $650,000
    Value Estimations
    $590,000
    Show details
    Cap Rate Potential
    4.1%
    Retail space
    Location Intelligence
    Property ID
    US38-0649120
    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

    • Retail space

    Property Details for 288 Harvard St

    Year built
    1930
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.05 lot acres
    Property size
    1,862 SF
    Property type
    Retail space
    APN
    MEDF M:W-08 B:0038
    APU
    MEDFMW08B0038

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $650,000
      ML approach
      $650,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $445,000
      6.5%
      $410,000
      7%
      $380,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $500,000
      Current use
      AUTO REPAIR, GARAGE
      $525,000
      Change: +4% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $515,000
      Change: +3% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $460,000
      Change: -8% Conversion: Easy
      OFFICE BUILDING
      $420,000
      Change: -16% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1123
    Latitude
    42.4033
    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
    $5,824
    $234,400
    $120,500
    $354,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $375,000
      4,485 SF

      452 High St

      RETAIL STORES (PERSONAL SERVICES) • 4,485 SF
      452 High St, Medford, MA 02155-3634
      View Details
    • Value Estimation
      $355,000
      4,977 SF

      438 High St

      RETAIL STORES (PERSONAL SERVICES) • 4,977 SF
      438 High St, Medford, MA 02155-3634
      View Details
    • Value Estimation
      $395,000
      1,898 SF

      236 Mystic Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,898 SF
      236 Mystic Ave, Medford, MA 02155-4652
      View Details
    • Value Estimation
      $530,000
      10,035 SF

      22 Riverside Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,035 SF
      22 Riverside Ave, Medford, MA 02155-4606
      View Details
    • Value Estimation
      $335,000
      4,356 SF

      152 Nn St

      RETAIL STORES (PERSONAL SERVICES) • 4,356 SF
      152 Nn St, Medford, MA 02155-4215
      View Details
    • Value Estimation
      $300,000
      1,320 SF

      492 Fulton St

      RETAIL STORES (PERSONAL SERVICES) • 1,320 SF
      492 Fulton St, Medford, MA 02155-1261
      View Details

    Similar Nearby for Sale

    • $2,200,000

      West Medford Commercial Building For Sale

      Commercial building in West Medford with development potential.
      438-440 High St, Medford, MA 02155
      View Details
    • $79,900

      Established Boba Tea Business

      Profitable boba tea business in Medford's busy downtown area.
      34 Riverside Ave, Medford, MA 02155
      View Details
    • Contact for pricing

      Retail Property on Main Street

      Retail property available for sale on Main St, Medford.
      393 Main St, Medford, MA 02155
      View Details
    • $1,188,000

      Renovated Two-Family Home with Yard

      Newly renovated two-family home near Green Line and Tufts University.
      12 Wellesley St, Medford, MA 02155
      View Details
    • $1,699,999

      Tufts University Area Multifamily Residence

      Four-unit property near Tufts, fully rented with upside potential.
      31 Wareham St, Medford, MA 02155
      View Details
    • $1,050,000

      West Medford Two-Family Home

      Well-maintained two-family home in a sought-after West Medford neighborhood.
      47 Marshall St, Medford, MA 02155
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      800 SF

      Retail Space in Ball Square

      Retail space for rent in the heart of Ball Square.
      640 Boston Ave, Medford, MA 02155
      View Details
    • Contact for pricing
      3,750 SF

      Medford Retail Space For Lease

      150,000 SF shopping center in Medford, MA.
      630 Fellsway, Medford, MA 02155
      View Details
    • $3,000 /Mo

      Retail Space on Salem Street

      Storefront retail space in high-traffic area available for rent.
      10 Salem St, Medford, MA 02155
      View Details
    • Contact for pricing
      9,655 SF

      Medford Retail Space Available Now

      9,655 SF retail space in a mixed-use strip building.
      25-65 Riverside Ave, Medford, MA 02155
      View Details
    • Contact for pricing
      4,525 SF

      Retail Space Near Station Landing

      Retail space available in Medford near various amenities.
      49-71 Station Lndg, Medford, MA 02155
      View Details
    • Contact for pricing
      3,850 SF

      Retail/Restaurant Space Near Tufts University

      Retail and restaurant opportunities near Tufts University in Medford, MA.
      401 Boston Ave, Medford, MA 02155
      View Details
    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.
    288 Harvard St
    Medford, MA 02155-6234
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.