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Property profile & analytics
FOR LEASE
Office buildings
46 2Nd St, Cambridge, MA 02141
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US38-1454115
For Lease
1 / 11
$3,200/Mo
46 2Nd St, Cambridge, MA 02141
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1826
Construction
FRAME
Total area
2,799 SF
Lot
0.05 ac (2,099 SF)
Zoning code
PUD-4
APN
CAMB M:00018 L:00073
UPID
US38-1454115
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
-
The Embody School Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.01M
Owner & transaction history
East Cambridge Hldg LLC · 11 yrs held
East Cambridge Hldg LLC
since 2015
7 recorded transactions
Zoning & alternative use
PUD-4 · 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
$1,520,000
Current use
COMMERCIAL (GENERAL)
$1,245,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±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
$359 / 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
$13,296
Tax year 2024
Assessed value
$1,271,100
Assessed 2024
Previous assessed
$1,271,100
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$508,000
Assessed improvement
$763,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1826
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Units
1
Rooms
8
Bathrooms
3
Total area
2,799 SF
Lot
0.05 ac (2,099 SF)
Zoning code
PUD-4
APN
CAMB M:00018 L:00073
UPID
US38-1454115
Jurisdiction
CAMBRIDGE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
PUD-4 · Cambridge, MA
Zoning PUD-4 · permitted uses
PUD-4 · 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
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.2M
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
1826
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Units
1
Rooms
8
Bathrooms
3
Lot
0.05 ac
Current owner
From public records · entity-resolved
East Cambridge Hldg LLC
Entity
Mailing address
75 MARSH ST, BELMONT, MA 02478-2132
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2015
$841,800
East Cambridge Hldg LLC
46 Second Street LLC
Quit Claim Arm's Length For Ne States
$589,260 · E Cambridge Svgs Bk
Nov 14, 2007
$622,000
46 2nd Street LLC
2nd St Cambridge RT
Deed
$498,000 · E Cambridge Svgs Bk
May 31, 2002
—
Second St. RT
—
Deed Of Trust
related
$660,000 · Bay State Federal Savings Bank
Apr 17, 2002
$650,000
Second St. Cambridge RT
Lojek,william J
Grant Deed
—
Jun 6, 2000
—
William J Lojek
—
Deed Of Trust
related
$431,375 · Equity One INC
Apr 14, 1999
$300,000
William J Lojek
46 Second Exchange T
Grant Deed
$325,000 · Zenon Grzybowski
Mar 2, 1999
$17,500
Glenn E Shealey
Shealey,linda
Grant Deed
related
—
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
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