Retail Suite with Existing
New
For Sale
Contact for pricing
1299 Broadway, Somerville, MA 02145
The compact space retains salon fixtures and equipment, with plumbing and water hookups in place.
Property Size500 SF
Price / SF$3.80
Days on Market4
Property Features for 1299 Broadway
General Information
Standard status
Active
Size
500 SF
Total Parking Spaces
1
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1920
Listing Agency:
eXp Realty LLC - Corporate Office
(888) 854-7493
Listed By:
Montivista Real Estate Group
(617) 819-7611
Source:
Lockandkeyre
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty LLC - Corporate Office
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This approximately 500-square-foot retail space retains fixtures and equipment from its most recent use as a nail and lash spa. Plumbing and water hookups are in place, and the existing setup may accommodate similar service businesses.
One dedicated parking space is included for the business owner. Public parking is not available on site; metered street parking is located directly in front of the property.
One dedicated parking space is included for the business owner. Public parking is not available on site; metered street parking is located directly in front of the property.
Key Highlights
- Approximately 500 square feet of retail space
- Fixtures and equipment remain from the previous nail and lash spa use
- Plumbing and water hookups in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,186
Suggested Prices Based on Cap Rates
Cap Rate 5%
$143,720
$143.7K
Cap Rate 7%
$102,657
$102.7K
Cap Rate 9%
$79,844
$79.8K
Market Conditions
NOI Build-Up for 500 SF
Gross rent
$11.0K $21.96/SF
− Vacancy
−$714 −$1.43/SF
EGI
$10.3K $20.53/SF
− OpEx
−$3.1K −$6.16/SF
NOI
$7.2K $14.37/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$143,720
Cap Rate 7%
$102,657
Cap Rate 9%
$79,844
Alternative Uses
Best Use
Retail
$102.7K
$89.8K – $119.8K
NOI $7,186 @ 7.0% cap · market cap 378.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$296.0K
$259.0K – $345.3K
NOI $20,720 @ 7.0% cap · market cap 1,090.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,350
Businesses Nearby
38k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 65%
Shops & Services 27%
Hotels & Casinos 8%
Stop & Shop
Groceries
24,630 visits/mo
0.1 miles
Mobil
Shops & Services
8,268 visits/mo
0.5 miles
Homewood Suites by Hilton Boston/Cambridge-Arlington, MA
Hotels & Casinos
2,835 visits/mo
0.5 miles
Mavis Discount Tire
Shops & Services
2,066 visits/mo
0.5 miles
Demographics for 02145, MA
27,520
Population
12,669
Households
2.2
Avg Household Size
33
Median Age
55%
College-Educated
89%
High-School Grad
1.4 sq mi
ZIP Area
19,657
Density / Sq Mi
$119,167
Median Household Income
$63,629
Median Earnings
$2,377
Median Rent
$784,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - The compact space retains salon fixtures and equipment, with plumbing and water hookups in place.
Where is this retail space located?
The property is located at 1299 Broadway Somerville, MA.
What are key features of this property?
This property features: Approximately 500 square feet of retail space; Fixtures and equipment remain from the previous nail and lash spa use; Plumbing and water hookups in place
