Add Listing
    For Sale
    • 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

    815 Somerville Ave Cambridge, MA 2140

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $13,000,000

    Redevelopment opportunity in the heart of Porter Square, Cambridge.

    Type:Commercial
    Property size:
    27,824 SF
    Lot size:
    0.24 Acres
    Added:
    Feb 25, 2026
    Days on Market:
    54
    Last Refresh:
    Apr 5 at 8:17 pm

    Property Features for 815 Somerville Ave

    General Information

    Standard status
    Active
    Size
    27,824 SF
    Lot size
    0.24 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1917

    We can help!

    Listing Contact
    Christopher Sower

    Listing agent Christopher Sower

    Listing office Cushman & Wakefield

    Listing date Feb 25, 2026

    Source Corcoran

    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 Cushman & Wakefield

    Overview

    Porter Square Redevelopment Opportunity

    Located in the heart of Porter Square in Cambridge, Massachusetts, 815 Somerville Avenue presents an exceptional redevelopment opportunity. The property features a three-story brick building with a gross area of 27,824 square feet and includes 18 garage parking spaces. Situated on a 10,442 square foot parcel, the building falls within the Massachusetts Avenue District, a zoning area that permits residential use up to 12 stories by-right. The property's location across from the MBTA Porter Square Station (Red Line) provides convenient access to Harvard, MIT, Kendall Square, and Downtown Boston. Surrounded by amenities and cultural activities, 815 Somerville Avenue offers investors various value-creation opportunities. These include ground-up redevelopment for residential use, re-tenanting the existing office space, or retrofitting the building for lab/RD use utilizing in-place approvals.
    Location Intelligence

    Current Use by Public Records

    Lesley University University FedEx Drop Box Postal Service Office of Information Technology ... University Department

    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
    Cambridge
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.1182
    Latitude
    42.3882

    Nearby Similar for Sale

    • $1,849,900
      2,601 SF

      Cambridge Two-Family Home with Updates

      Updated two-family home in Cambridge with income potential.
      51 Belmont St, Cambridge, MA 02138
      View Details
    • $2,500,000
      4,266 SF

      Cambridge Multifamily Development Opportunity

      Four-unit property with development potential in a prime Cambridge location.
      49-51A Clifton St, Cambridge, MA 02140
      View Details
    • $589,900

      Harvard Square Professional Office Suite

      Professional suite in prime Harvard Square location near Red Line.
      1105 Massachusetts Ave 2A, Cambridge, MA 02138
      View Details
    • $2,900,000
      3,795 SF

      Cambridge Development Opportunity

      Rare Cambridgeport development opportunity with strong income and exceptional flexibility.
      114 Elm St, Cambridge, MA 02139
      View Details
    • $589,900

      Harvard Square Professional Suite

      Professional suite in prime Harvard Square location.
      1105 Massachusetts Ave #2A, Cambridge, MA 02138
      View Details
    • $2,295,000
      2,358 SF

      Cambridge Commercial Property in Huron Village

      Commercial property in Huron Village, Cambridge, with division potential.
      365 Huron Ave, Cambridge, MA 02138
      View Details
    • $13,000,000
      27,824 SF

      Porter Square Redevelopment Opportunity

      Redevelopment opportunity in the heart of Porter Square, Cambridge.
      815 Somerville Ave, Cambridge, MA 02140
      View Details
    • $1,599,900

      Cambridge Two-Family Gem Near Harvard

      Two-family property near Harvard, Lesley University, and the Red Line.
      128 Elm St, Cambridge, MA 02140
      View Details
    • Contact for pricing
      1,572 SF

      New Retail Space in Cambridge

      1,572 SF ground floor retail in Cambridge, Massachusetts.
      747 Cambridge Street, Cambridge, MA 02141
      View Details
    • $1,999,000
      3,451 SF

      Cambridge Triplex Near Kendall Square

      Classic three-family home in prime Cambridge location.
      377-379 Cardinal Medeiros Avenue, Cambridge, MA 02141
      View Details
    • $1,699,000

      Cambridge Multifamily Investment Opportunity

      Well-maintained three-family property in prime Cambridge location.
      35 Eustis St, Cambridge, MA 02140
      View Details
    • $2,500,000

      Cambridge Multifamily Investment Opportunity

      Five-unit property near Harvard Square with income upside.
      343 Harvard St, Cambridge, MA 02139
      View Details

    FAQs

    What type of property is this?
    Commercial land - Redevelopment opportunity in the heart of Porter Square, Cambridge.
    Where is this commercial land located?
    The property is located at 815 Somerville Ave Cambridge, MA.
    What is the asking price?
    The asking price for this property is $13,000,000.
    What are key features of this property?
    This property features: Prime redevelopment opportunity in the heart of Porter Square, Cambridge.; Located across the street from the MBTA Porter Square Station (Red Line) for easy access to key areas.; New zoning allows up to 12 stories of residential use by‑right.
    (617) 330-6966
    We can help!
    Listing Contact
    Christopher Sower
    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!