Corner Storefront Retail
149-153 Washington, Somerville, MA 02143
For Sale
New
Contact for pricing
Street-level premises can accommodate one occupant or be divided into two units.
Property Size750 SF
Price / SF$0.05
Days on Market5
Property Features for 149-153 Washington
General Information
Standard status
Size
Site & Location
Neighborhood
Corner Location
Additional Details
Floor
Listing Agency:
Red Tree Real Estate
(617) 487-8015
Listed By:
Adam Kotkin · License MA RE-B-9510337
(617) 694-7356
Source:
Lockandkeyre
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:46PM
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 Red Tree Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This street-level retail space occupies a corner building in Somerville. The premises were previously used as a tattoo parlor and can be arranged for one occupant or divided into two units.
The property is on Washington in an active commercial corridor, with access to public transportation and surrounding neighborhoods.
The property is on Washington in an active commercial corridor, with access to public transportation and surrounding neighborhoods.
Key Highlights
- Street‑level retail premises in a corner building
- Previously occupied by a tattoo parlor
- Configurable for one occupant or division into two units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,780
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,600
$215.6K
Cap Rate 7%
$154,000
$154.0K
Cap Rate 9%
$119,778
$119.8K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$16.5K $21.96/SF
− Vacancy
−$1.1K −$1.43/SF
EGI
$15.4K $20.53/SF
− OpEx
−$4.6K −$6.16/SF
NOI
$10.8K $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%
$215,600
Cap Rate 7%
$154,000
Cap Rate 9%
$119,778
Alternative Uses
Best Use
Retail
$154.0K
$134.8K – $179.7K
NOI $10,780 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$444.0K
$388.5K – $518.0K
NOI $31,080 @ 7.0% cap
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
Location Intelligence
Trade Area within ½ mile
2,874
Businesses Nearby
197k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 38%
Shops & Services 27%
Apparel 16%
Dining 15%
Target
Superstores
74,182 visits/mo
0.2 miles
Marshalls
Apparel
25,730 visits/mo
0.4 miles
Dollar Tree
Shops & Services
24,950 visits/mo
0.5 miles
Burger King
Dining
21,589 visits/mo
0.1 miles
Dunkin' Donuts
Dining
7,431 visits/mo
0.2 miles
Demographics for 02143, MA
26,022
Population
12,901
Households
2
Avg Household Size
33
Median Age
74%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
17,348
Density / Sq Mi
$126,102
Median Household Income
$73,055
Median Earnings
$2,424
Median Rent
$930,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Storefront properties in Middlesex County, MA
Properties on Market for Storefront properties in Middlesex County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Whimsy Floral Studio — 550 Cambridge St, Cambridge, MA 02141
- Rococo Floral — 231 Somerville Ave, Somerville, MA 02143
- Rouvalis Flowers & Gardens - Studio — 5 Crescent St, Charlestown, MA 02129
- Petals In Paradise — 133B Broadway, Somerville, MA 02145
Frequently Asked Questions
What type of property is this?
Storefront property - Street-level premises can accommodate one occupant or be divided into two units.
Where is this storefront property located?
The property is located at 149-153 Washington Somerville, MA.
What are key features of this property?
This property features: Street‑level retail premises in a corner building; Previously occupied by a tattoo parlor; Configurable for one occupant or division into two units
