Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    97 Hampshire St Cambridge, MA 02139-1503
    Back to Search
    Property profile & analytics

    97 Hampshire St, Cambridge, MA 02139-1503

    View on Map
    • Investment properties
    • 2,676 SF
    • 0.08 lot acres
    Off-Market
    Last Sale Aug 1, 2022
    $1,300,000
    Property ID
    US38-1045868
    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.
    Value Estimations
    $1,260,000
    Show details
    Cap Rate Potential
    4.6%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 97 Hampshire St

    Year built
    1902
    Construction
    FRAME
    Lot size
    0.08 lot acres
    Zone code
    C-1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    CAMB M:00079 L:00092
    APU
    CAMBM00079L00092

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 1, 2022 $1,300,000 97 Hampshire St Re LLC M&m Boswell RT Quit Claim Arm's Length For Ne States $2M · East Cambridge Savings Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,210,000
      ML approach
      $1,220,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $925,000
      6.5%
      $850,000
      7%
      $790,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,045,000
      Current use
      OFFICE BUILDING
      $1,450,000
      Change: +39% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.095
    Latitude
    42.3693
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $820,700
    $574,800
    $1,395,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,260,000
      13,644 SF

      808-812 Memorial Dr, Unit CB

      OFFICE/RESIDENTIAL (MIXED USE)
      808-812 Memorial Dr, Cambridge, MA 02139
      View Details
    • Value Estimation
      $1,520,000
      8,673 SF

      1295 Cambridge St

      OFFICE/RESIDENTIAL (MIXED USE)
      1295 Cambridge St, Cambridge, MA 02139-1338
      View Details
    • Value Estimation
      $575,000
      2,640 SF

      1369 Cambridge St

      OFFICE/RESIDENTIAL (MIXED USE)
      1369 Cambridge St, Cambridge, MA 02139-1340
      View Details
    • Value Estimation
      $930,000
      4,915 SF

      1160 Cambridge St

      OFFICE/RESIDENTIAL (MIXED USE)
      1160 Cambridge St, Cambridge, MA 02139
      View Details
    • Value Estimation
      $4,050,000
      23,037 SF

      798 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      798 Main St, Cambridge, MA 02139-3510
      View Details
    • Value Estimation
      $845,000
      4,284 SF

      843 Massachusetts Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      843 Massachusetts Ave, Cambridge, MA 02139-3077
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mass Ave Development Opportunity

      Prime Cambridge real estate with upzoning potential.
      930 Massachusetts Ave, Cambridge, MA 02139
      View Details
    • Contact for pricing

      Cambridge Development Opportunity For Sale

      Commercial property with development potential in a high-traffic area.
      121 Hampshire St, Cambridge, MA 02139
      View Details
    • Contact for pricing
      4,294 SF

      Cambridge Multifamily Investment Opportunity

      Well-maintained 5-unit property near Harvard Square with income potential.
      343 Harvard St, Cambridge, MA 02139
      View Details
    • Contact for pricing

      Cambridge Development Opportunity Near Central Square

      Prime development site near Central Square in Cambridge, Massachusetts.
      280 Green St, Cambridge, MA 02139
      View Details
    • Contact for pricing

      Grand Victorian Multifamily Income Property

      Restored Victorian with income potential in prime Cambridge location.
      1531 Cambridge St, Cambridge, MA 02139
      View Details
    • Contact for pricing
      901 SF

      Cambridge Office or Retail Condo

      901 SF condo in vibrant Cambridge near Porter Square.
      2b-1776 Massachusetts Ave, Cambridge, MA 02139
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      443 SF

      Cambridge Office Space For Lease

      Renovated office spaces with amenities near universities and public transportation.
      810 Memorial Dr, Cambridge, MA 02139
      View Details
    • Contact for pricing

      Cambridge Office Space For Rent

      Second floor office space near MIT and Central Square.
      90 Hamilton St, Cambridge, MA 02139
      View Details
    • $45 SF/Yr
      1,250 SF

      Cambridge Office Suite Near Transit

      1,250 SF office suite near Central Square T.
      552 Massachusetts Ave, Cambridge, MA 02139
      View Details
    • Contact for pricing
      5,116 SF

      Cambridge Office Space For Rent

      Office space available near Central Square Redline stop.
      585-589 Massachusetts Ave, Cambridge, MA 02139
      View Details
    • Contact for pricing

      Prime Retail Space in Cambridge

      Retail space available in the Novartis research building.
      181 Massachusetts Ave, Cambridge, MA 02139
      View Details
    • Contact for pricing

      Renovated Office Space Available

      Various office suites for lease in renovated, accessible building.
      810 Memorial Dr, Cambridge, MA 02139
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    97 Hampshire St
    Cambridge, MA 02139-1503
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    97 Hampshire St, Cambridge, MA, 02139
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!