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    Property profile & analytics

    14 McGrath Hwy Somerville, MA 02143

    • Retail residential properties
    For Lease
    View listing
    $10 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Star Market / Florist / Grocery Delivery Service
    • Somerville Secure Locksmiths / Locksmith
    • Walgreens Photo / Passport Photo Processor / Photo Lab
    • Boston Sports Medicine Physical Therapy Cambridge / Physical Therapy Clinic / Physical Therapist
    • AAA Physical Therapy Clinic / Physical Therapy Clinic / Physical Therapist

    Property Details for 14 McGrath Hwy

    Property type
    Retail residential properties

    Description

    BUILDING DESCRIPTION Inline space; ± 16,580 SF (1st floor) - 24,252 Highly discounted retail space: $10.00/Gross The space is conveniently located right next to Star Market Co-Tenants Include: Star Market, Dollar Tree, Marshalls, K&G and many other national and local retailers.​ Located just north of Kendall Square on the Cambridge/Somerville City Line.​ Immense residential vertical density, over 1,000,000 residents within a 5 mile radius, 400,000+ Households.​ Over 30,000 ADT Sublease thru 4/30/2028.​ Multiple pylon signs available for great visibility.​

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Somerville
    County
    State
    Massachusetts
    Longitude
    -71.0913
    Latitude
    42.3838

    Comparable in this City

    • Value Estimation
      $320,000
      0.12 Acres

      34 Bow St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.12 Acres
      34 Bow St, Somerville, MA 02143-2934
      View Details
    • Value Estimation
      $305,000
      18,068 SF

      31 Un Sq

      OFFICE/RESIDENTIAL (MIXED USE) • 18,068 SF
      31 Un Sq, Somerville, MA 02143-3033
      View Details
    • Value Estimation
      $275,000
      5,716 SF

      374 Washington St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,716 SF
      374 Washington St, Somerville, MA 02143-3822
      View Details
    • Value Estimation
      $315,000
      10,202 SF

      208 Washington St

      OFFICE/RESIDENTIAL (MIXED USE) • 10,202 SF
      208 Washington St, Somerville, MA 02143-3114
      View Details
    • Value Estimation
      $295,000
      4,979 SF

      160 Highland Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,979 SF
      160 Highland Ave, Somerville, MA 02143-1523
      View Details
    • Value Estimation
      $320,000
      3,398 SF

      233 Highland Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,398 SF
      233 Highland Ave, Somerville, MA 02143-1310
      View Details

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    14 McGrath Hwy
    Somerville, MA 02143
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    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
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