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Property profile & analytics
OFF-MARKET
Estimated value
$175,100,000
Office buildings
625 Concord Ave, Cambridge, MA 02138
Entity Owned
4-yr Hold
Free & Clear
Property ID
US38-0287630
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
STEEL FRAME
Total area
84,639 SF
Lot
1.1 ac (47,799 SF)
Zoning code
O-1
APN
CAMB M:0267F L:00293
UPID
US38-0287630
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$175.10M
Owner & transaction history
Ls Alewife LLC · 4 yrs held
Ls Alewife LLC
since 2021
Last sale
$180.0M
7 recorded transactions
Zoning & alternative use
O-1 · 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
$165,295,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$175.10M
Range $157.59M – $192.61M · ±10% · vs last sale $180.00M (Sep 9 2021)
Last sale anchor
$180.00M
Sep 9 2021
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
$2,069 / 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
$500,059
Tax year 2024
Assessed value
$47,806,800
Assessed 2024
Previous assessed
$47,806,800
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$15,343,800
Assessed improvement
$32,463,000
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
Off-Market
Year built
1980
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
7
Units
1
Total area
84,639 SF
Lot
1.1 ac (47,799 SF)
Zoning code
O-1
APN
CAMB M:0267F L:00293
UPID
US38-0287630
Jurisdiction
CAMBRIDGE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
O-1 · Cambridge, MA
Zoning O-1 · permitted uses
O-1 · 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
1980
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
7
Buildings
1
Units
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Ls Alewife LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1920 MAIN ST STE #1200, IRVINE, CA 92614-7230
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2021
$180,000,000
Ls Alewife LLC
Cv Portfolio W Cambridge
Quit Claim Arm's Length For Ne States
—
Feb 3, 2012
—
Ergs Reo Owner LLC
—
Deed Of Trust
related
$35,000,000 · Gary Needham
Mar 22, 2010
—
Intercontinental Fund 20
—
Deed Of Trust
related
$3,000,000 · Gary Needham
Jun 30, 2006
$7,389,625
Bbn Technologies Corp
625 Concord INC
Grant Deed
—
Jun 30, 2006
$1
625 Concord INC
Western Prop Master LLC
Grant Deed
—
Jun 30, 2006
$9,535,000
Intercontinental Fund 20
Bbn Technologies Corp
Grant Deed
—
Jan 29, 1999
$317,500
Western Prop LLC
Campbell,paul H
Grant Deed
—
Feb 5, 1998
—
Concord INC
—
Deed Of Trust
related
$3,200,000 · Zmc Trust Et Al 2nd
Sep 25, 1992
—
Robert A Jones
—
Deed Of Trust
related
$3,950,000 · Neworld Bank Svgs
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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