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    377 Summer St, Unit 1 Somerville, MA 02144

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    For Lease
    $35 SF/Yr ($4,617 /Mo)

    New office space in a prime, thriving Davis Square location.

    Property size:
    1,583 SF
    Lot size:
    1,583 SF

    Property Features for 377 Summer St

    General Information

    Size
    1,583 SF

    Building Details

    Year built
    2014

    Source: SelectRE Boston Agent Sean McLaughlin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Davis Square New Office Space

    This is a newly constructed office space located in Davis Square, within a mixed-use building. The property offers potential for a variety of uses and benefits from high vehicular and pedestrian traffic due to its prime location at a signaled intersection. The building is situated directly above a Community Credit Union. The location provides convenient access to the Red Line and major highways, including Route 2 and I-93. Underground parking is available. The office space is located on a floor with two other office spaces, sharing two restrooms and a custodian's closet. The property has a size of 1583 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Davis Square Hand ... Coffee Shop Community Credit Union Credit Union

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Somerville
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1206798
    Latitude
    42.3943475

    Nearby Similar for Lease

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      Davis Square Second-Floor Office Suites

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    FAQs

    What type of property is this?
    Office space - New office space in a prime, thriving Davis Square location.
    Where is this office space located?
    The property is located at 377 Summer St, Unit 1 Somerville, MA.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: - Prime Davis Square location with high vehicular and pedestrian traffic.; - Easy access to Red Line and major highways (Route 2, I-93).; - Newly constructed office space in a 1st class mixed-use building (built in 2014).
    (617) 777-6109
    Request Owner's contact information
    377 Summer St, Unit 1 Somerville, MA 02144
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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
    377 Summer St, Unit 1 Somerville, MA 02144
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