Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    360-366 Summer Street Somerville, MA 2210

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office, R&D, Flex space near Davis Square.

    Type:Office
    Property size:
    11,558 SF
    Added:
    Nov 21, 2025
    Days on Market:
    137
    Last Refresh:
    Dec 7 at 9:17 pm

    Property Features for 360-366 Summer Street

    General Information

    Standard status
    Active
    Size
    11,558 SF
    Property subtype
    Office

    Spaces For Lease

    at 360-366 Summer Street Contact us

    We can help!

    Listing Contact
    Deborah Hill-Hobby

    Listing agent Deborah Hill-Hobby

    Listing office The Real Estate Firm, Inc.

    Listing date Nov 21, 2025

    Source Bradvisors

    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 The Real Estate Firm, Inc.

    Overview

    Davis Square HQ Opportunity

    Located steps from Davis Square, this standalone building offers 9,061 square feet of space suitable for office, research and development, or flex space uses. The property is centrally located and may also suit quasi retailers or similar users. The building contains 2 full floors in addition to a clean, usable basement. Available space ranges from 2,465 to 9,061 rentable square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Somerville
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1202
    Latitude
    42.3938

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      MA, Somerville - Somerville Theatre

      49-55 Davis Sq, Unit 3RD, Somerville, MA 02114
      View Details
    • Contact for pricing

      Spaces Davis Square

      240 Elm St, Somerville, MA 02144
      View Details
    • Contact for pricing

      Union Square Commercial Space

      Spacious commercial space in Union Square, Somerville, near MBTA.
      33 1/2 Union #2, Somerville, MA 02143
      View Details
    • Contact for pricing

      Renovated Office Space Available

      Modern, renovated office space in prime location, flexible lease terms.
      2 Lincoln #2, Somerville, MA 02145
      View Details
    • Contact for pricing

      Cambridge Line Retail/Office Space

      First floor plus finished basement near Porter and Harvard Squares.
      292 Beacon #1A, Somerville, MA 02143
      View Details
    • $37/mo

      Somerville Retail Space For Rent

      Highly visible retail space in Somerville with flexible layout options.
      153 Washington, Somerville, MA 02143
      View Details
    • $37/mo

      Somerville Retail Space For Rent

      Highly visible retail space in Somerville with flexible layout options.
      149-153 Washington, Somerville, MA 02143
      View Details
    • $53/mo

      Prime Somerville Retail Space Available

      High-traffic retail space near Whole Foods and MBTA Red Line.
      70 Beacon #2, Somerville, MA 02143
      View Details
    • $55/mo

      Davis Square Second-Floor Office Suites

      Three office suites for lease in Somerville's Davis Square.
      377 Summer St, Somerville, MA 02144
      View Details
    • Contact for pricing

      Unique Loft in Davis Square

      Rare live/work loft with commercial kitchen and private yard.
      70 Howard St #1E, Somerville, MA 02144
      View Details
    • $17/mo

      Industrial Warehouse Space For Lease

      12,000 SF industrial warehouse space with convenient highway access.
      Somerville, MA 02143
      View Details
    • Contact for pricing

      Corner Commercial Space with Basement

      Highly visible Somerville commercial space with basement storage near Tufts.
      1244 Broadway, Somerville, MA 02144
      View Details

    FAQs

    What type of property is this?
    Office units - Office, R&D, Flex space near Davis Square.
    Where is this office units located?
    The property is located at 360-366 Summer Street Somerville, MA.
    What are key features of this property?
    This property features: Standalone 9,061 SF HQ opportunity.; Centrally located steps from Davis Square.; Suitable for Office, R&D, Tough Tech, or Quasi Retailers.
    We can help!
    Listing Contact
    Deborah Hill-Hobby
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!