Corner Retail
153 Washington, Somerville, MA 02143
For Sale
New
Contact for pricing
Street-level premises in Somerville can serve one occupant or be configured as two separate suites.
Property Size1,450 SF
Price / SF$0.02
Days on Market4
Property Features for 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 2:25PM
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
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 1,450-square-foot retail space occupies the street level of a corner building in Somerville. Previously used as a tattoo parlor, the premises can accommodate one tenant or be divided into two units of approximately 725 square feet each.
The Washington Street address places the space in Somerville, Massachusetts. Its corner position and ground-floor configuration are defining physical features of the property.
The Washington Street address places the space in Somerville, Massachusetts. Its corner position and ground-floor configuration are defining physical features of the property.
Key Highlights
- 1,450 SF of street‑level retail space
- Can be used as one space or divided into two approximately 725 SF units
- Located in a corner building on Washington Street in Somerville, Massachusetts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,841
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,820
$416.8K
Cap Rate 7%
$297,729
$297.7K
Cap Rate 9%
$231,567
$231.6K
Market Conditions
NOI Build-Up for 1,450 SF
Gross rent
$31.8K $21.96/SF
− Vacancy
−$2.1K −$1.43/SF
EGI
$29.8K $20.53/SF
− OpEx
−$8.9K −$6.16/SF
NOI
$20.8K $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%
$416,820
Cap Rate 7%
$297,729
Cap Rate 9%
$231,567
Alternative Uses
Best Use
Retail
$297.7K
$260.5K – $347.4K
NOI $20,841 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$858.4K
$751.1K – $1.00M
NOI $60,088 @ 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
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
Properties on Market for Retail space in Somerville
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Street-level premises in Somerville can serve one occupant or be configured as two separate suites.
Where is this retail space located?
The property is located at 153 Washington Somerville, MA.
What are key features of this property?
This property features: 1,450 SF of street‑level retail space; Can be used as one space or divided into two approximately 725 SF units; Located in a corner building on Washington Street in Somerville, Massachusetts
