Second-Floor Office
For Sale
Contact for pricing
33 1/2 Union # 2, Somerville, MA 02143
Expansive second-floor office with circular layout, multiple rooms, high ceilings, kitchenette, and two bathrooms.
Property Size7,000 SF
Price / SF$1.43
Days on Market259
Property Features for 33 1/2 Union # 2
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Commercial
Zoning
CBD
Taxes and HOA fees
Annual Taxes
$3,565,945
Building Details
Building Size
7,000 SF
Year Built
1900
Listing Agency:
Century 21 North East
(617) 389-1129
Listed By:
Clifton Verdieu · License #9057497
(617) 230-7013
Source:
Churchillprop
Added: Feb 4
Changed: Oct 6
Last Checked: Oct 20 at 7:04PM
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 Century 21 North East
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Investment Insights
Based on property information with market context.
This second-floor commercial office space offers approximately 7,000 square feet with a distinctive circular cul-de-sac layout. The interior includes multiple compartmentalized rooms organized around a generous central area, supporting everything from collaborative work to more specialized, separated zones. The space also features impressive ceiling height, ceiling fans, ample cabinetry, a kitchenette with a dishwasher, and several carpeted areas for comfort. Two bathrooms are available, along with a dedicated storage room for equipment, inventory, or organization.
The property is located in the Union Square area of Somerville at 33 1/2 Union #2. It is near MBTA Green Line stops at Union Square, Gilman Square, and Ball Square, providing convenient public transit access. The setting is surrounded by shops and businesses, which can support day-to-day visibility and customer-facing activity.
For tenants or buyers seeking flexible office configuration, the combination of a central open area and surrounding rooms can help accommodate varied departmental needs within one suite. The included kitchenette, two bathrooms, and on-site storage add practical support for ongoing operations, while the high ceilings and compartmentalized layout support both team-focused and quieter work environments.
The property is located in the Union Square area of Somerville at 33 1/2 Union #2. It is near MBTA Green Line stops at Union Square, Gilman Square, and Ball Square, providing convenient public transit access. The setting is surrounded by shops and businesses, which can support day-to-day visibility and customer-facing activity.
For tenants or buyers seeking flexible office configuration, the combination of a central open area and surrounding rooms can help accommodate varied departmental needs within one suite. The included kitchenette, two bathrooms, and on-site storage add practical support for ongoing operations, while the high ceilings and compartmentalized layout support both team-focused and quieter work environments.
Key Highlights
- Approximately 7,000 sq. ft. second‑floor commercial space in the heart of Union Square, Somerville
- Unique circular layout with multiple compartmentalized rooms surrounding a central area for flexible use
- Impressive ceiling height throughout the space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$222,113
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,442,260
$4.4M
Cap Rate 7%
$3,173,043
$3.2M
Cap Rate 9%
$2,467,922
$2.5M
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$379.7K $54.24/SF
− Vacancy
−$83.5K −$11.93/SF
EGI
$296.2K $42.31/SF
− OpEx
−$74.0K −$10.58/SF
NOI
$222.1K $31.73/SF
Area
Middlesex County, MA
Vacancy
22.00%
Lease Rate
$54.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,442,260
Cap Rate 7%
$3,173,043
Cap Rate 9%
$2,467,922
Alternative Uses
Best Use
Office B
$3.17M
$2.78M – $3.70M
NOI $222,113 @ 7.0% cap · market cap 2,221.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.14M
$3.63M – $4.83M
NOI $290,078 @ 7.0% cap · market cap 2,900.78%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,772
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Expansive second-floor office with circular layout, multiple rooms, high ceilings, kitchenette, and two bathrooms.
Where is this office unit located?
The property is located at 33 1/2 Union # 2 Somerville, MA.
What are key features of this property?
This property features: Approximately 7,000 sq. ft. second‑floor commercial space in the heart of Union Square, Somerville; Unique circular layout with multiple compartmentalized rooms surrounding a central area for flexible use; Impressive ceiling height throughout the space
