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Property profile & analytics
FOR LEASE
Office buildings
350 Massachusetts Ave, Cambridge, MA 02139
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-1349533
For Lease
1 / 6
$49 SF/Yr
350 Massachusetts Ave, Cambridge, MA 02139
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
STEEL FRAME
Total area
127,800 SF
Lot
0.58 ac (25,407 SF)
Zoning code
CRDD
APN
CAMB M:00069 L:00159
UPID
US38-1349533
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
-
Sanctuary by VIM Gym & Fitness Center
-
VIM Pilates Gym & Fitness Center
-
Avis Car Rental Car Rental Facility
-
Budget Car Rental Car Rental Facility
-
Trade Access Inc International Trade Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$41.08M
Owner & transaction history
Gary Hei Cambridge LLC · 18 yrs held
Gary Hei Cambridge LLC
since 2008
3 recorded transactions
Zoning & alternative use
CRDD · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$321 / 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
$875,359
Tax year 2024
Assessed value
$83,686,300
Assessed 2024
Previous assessed
$83,686,300
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$21,897,600
Assessed improvement
$61,788,700
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1998
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
5
Units
6
Total area
127,800 SF
Lot
0.58 ac (25,407 SF)
Zoning code
CRDD
APN
CAMB M:00069 L:00159
UPID
US38-1349533
Jurisdiction
CAMBRIDGE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
CRDD · Cambridge, MA
Zoning CRDD · permitted uses
CRDD · 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.
Building & site characteristics
From public records
Year built
1998
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
5
Buildings
1
Units
6
Lot
0.58 ac
Current owner
From public records · entity-resolved
Gary Hei Cambridge LLC
Entity
Mailing address
1 BROADWAY STE, CAMBRIDGE, MA 02142-1100
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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
Apr 15, 2008
—
Gary Hei Cambridge LLC
—
Deed Of Trust
related
$999,999,999 · Capmark Bank
Feb 15, 2008
—
Univ Park Phase LP
—
Deed Of Trust
related
$52,000,000 · Allstate LLC
Oct 1, 1998
—
University Pk Phase 2
—
Deed Of Trust
related
$70,000,000 · Zuckerman Family Nomi
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?”
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