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Property profile & analytics
FOR LEASE
Office buildings
545 Concord Ave, Cambridge, MA 02138
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US38-0554176
For Lease
1 / 7
$40 SF/Yr
545 Concord Ave, Cambridge, MA 02138
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Property summary
AI-generated overview
This 1,017 square foot office suite is available for lease in a four-story, elevator-equipped building in Cambridge, MA. Located in the Alewife - Fresh Pond submarket, this traditional office space boasts abundant natural light and features an open area with two window offices. The building is wheelchair accessible and offers convenient amenities including recently renovated bathrooms and showers. Covered parking is available. The property's prime location is just a half-mile from the Alewife T station (MBTA Red Line) and near bus routes 74 and 78 to Harvard Square. A wealth of nearby amenities include Starbucks, Whole Foods, various restaurants, a CVS, PetSmart, and fitness options. Nearby parks and recreational areas such as Fresh Pond (with a dog park and golf course) provide additional appeal. The address is 545 Concord Ave, Cambridge, MA 02138. The total building size is 19,987 square feet.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
STEEL FRAME
Total area
20,060 SF
Lot
0.24 ac (10,255 SF)
Zoning code
BA
APN
CAMB M:0265A L:00031
UPID
US38-0554176
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
-
Ethio Dental Care LLC Dental Office
-
Malachy A. Shaw-Jones, PSYD Physician Medical Clinic
-
Ethio Dental Care Dental Office
-
Cambridge Neighbors Charitable Organization Social Service Agency
-
Vast Capital Management Inc Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.83M
Owner & transaction history
Alewife Prop LLC · 19 yrs held
Alewife Prop LLC
since 2006
7 recorded transactions
Zoning & alternative use
BA · 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
$10,205,000
Current use
COMMERCIAL (GENERAL)
$8,910,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$6.83M
Range $6.15M – $7.51M · ±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
$340 / 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
$108,441
Tax year 2024
Assessed value
$10,367,200
Assessed 2024
Previous assessed
$10,367,200
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$3,858,800
Assessed improvement
$6,508,400
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
For Lease
Year built
1988
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
1
Stories
4
Units
1
Total area
20,060 SF
Lot
0.24 ac (10,255 SF)
Zoning code
BA
APN
CAMB M:0265A L:00031
UPID
US38-0554176
Jurisdiction
CAMBRIDGE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BA · Cambridge, MA
Zoning BA · permitted uses
BA · 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
$10.2M
COMMERCIAL (GENERAL)
Est. value
$8.9M
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
1988
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
4
Buildings
1
Units
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Alewife Prop LLC
Entity
Mailing address
545 CONCORD AVE, CAMBRIDGE, MA 02138-1125
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2006
$1
Alewife Prop LLC
545 Concord Avenue Corp
Grant Deed
—
Oct 19, 2006
—
Alewife Prop LLC
—
Grant Deed
related
$14,200,000 · Bank Of America
May 3, 2002
$4,400,000
545 Concord Ave Camb
Modern Continental Ent
Grant Deed
$3,200,000 · Cambridgeport Savings Bank
Sep 21, 2000
—
Modern Continental Ent
—
Deed Of Trust
related
$3,000,000 · Medford Savings Bank
Jun 5, 1998
—
Modern Continental Ent
—
Deed Of Trust
related
$3,600,000 · Century Bank & Trust Co
Mar 18, 1996
—
Modern Continental Ent
—
Deed Of Trust
related
$3,040,000 · Century Bank & Trust Co
Sep 6, 1994
—
Modern Continental Ent
—
Deed Of Trust
related
$12,000,000 · Shawmut
Feb 26, 1993
$2,080,000
Modern Continent Entp
Century B&t
Grant Deed
$1,664,000 · Century Bank & Trust Co
Feb 24, 1993
$84,500
Odyssey Prop Corp
Palermo,ronald N
Grant Deed
—
May 12, 1989
—
Rem RT
—
Deed Of Trust
related
$362,000 · Century Bank & Trust Co
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.
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