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    Property profile & analytics

    493 Concord Ave Cambridge, MA 02138

    • Retail space
    • 5,530 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-1681030
    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 493 Concord Ave

    Year built
    1950
    Property size
    5,530 SF
    Property type
    Retail space
    Property subtype
    Storefront properties

    Description

    This exceptional two-story retail building, located at 493 Concord Ave in Cambridge, Massachusetts, presents a compelling owner-user investment opportunity. Boasting 5,530 square feet of space (2,765 square feet per floor), this 1950-built property enjoys a highly visible location at the intersection of Concord Avenue and Fresh Pond Parkway, benefiting from significant vehicular traffic. The building sits on a 2,361 square foot lot. A separate listing exists for an adjacent parking lot at 483 Concord Ave, offering 10 spaces, and both properties may be purchased together or individually. Note that billboards located on the property are not included in this sale. This property is ideal for a business seeking a prominent presence in a busy Cambridge commercial area. The building's size and location offer significant potential for a variety of retail uses. Serious inquiries are encouraged.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.140922801123
    Latitude
    42.386950015347

    Comparable in this City

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    Similar Nearby for Sale

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    • $4,000,000

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      Cambridge Eight-Unit Multifamily Investment Property

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    Similar Nearby for Lease

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    493 Concord Ave
    Cambridge, MA 02138
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    Realmo Value Estimation

    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.

    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.

    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
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